The size of the Indian packaged food retail market was about \u20b96 trillion in fiscal 2020, which contributed about 15% to the entire food and grocery segment. It is estimated that the edible oil retail market was around \u20b91.79 trillion in FY 2020 and is expected to grow at a CAGR of 6% in the coming 5 years.<\/p>\n\n\n\n
Adani Wilmar Ltd (AWL), the equal joint venture between Adani Enterprises Ltd and Wilmar International Ltd and the owner of the Fortune brand of edible oils, recently filed the draft red herring prospectus for its proposed initial public offering.<\/p>\n\n\n\n
The IPO will consist of an issue of new equity shares by AWL for an amount of up to \u20b945 billion. There won\u2019t be any secondary offering.<\/p>\n\n\n\n
The company plans to utilize the net proceeds for capital spending, prepayment of borrowings, funding strategic acquisitions and investments, and general corporate purposes.<\/p>\n\n\n\n
Adani Wilmar is an FMCG company that offers most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar. It accounts for approximately 66% of the total spend on essential kitchen commodities in the country.<\/p>\n\n\n\n
The Gujarat-based company incorporated a joint venture with Adani group in 1999, and later diversified into the transport & logistics, and energy & utility sectors. The company owns more than 40 units that cumulatively translate into a refining capacity of over 16,800 tonnes per day, a seed-crushing capacity of 6,000 tonnes a day, and a packaging capacity of 12,900 tonnes per day.<\/p>\n\n\n\n
For the year ended 31 March 2021, AWL reported a total income of \u20b9372 million, compared to \u20b9298 million in the previous year. The total expenses for the year were at \u20b9364 million, compared to \u20b9291 billion in the previous year.<\/p>\n\n\n\n
AWL\u2019s core business is the production of commodities, and their prices are prone to high volatility. For instance, commodity prices are at an all-time high now, which had a positive impact on the company\u2019s top-line \u2013 revenues grew about 25% — but affected EBITDA margin negatively.<\/p>\n","protected":false},"excerpt":{"rendered":"
The size of the Indian packaged food retail market was about \u20b96 trillion in fiscal 2020, which contributed about 15% to the entire food and grocery segment. It is estimated that the edible oil retail market was around \u20b91.79 trillion in FY 2020 and is expected to grow at a CAGR of 6% in the […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6351,5748,10444,85],"tags":[368,8161,8159,9172,8143],"class_list":["post-124737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consumer-stocks","category-ipo","category-others","category-retail-stocks","tag-commodity","tag-energy","tag-logistics","tag-oil","tag-transportation"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128769,"url":"https:\/\/alphastreet.com\/india\/adani-wilmar-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":124737,"position":0},"title":"Adani Wilmar Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 3, 2022","format":false,"excerpt":"https:\/\/youtu.be\/6S2tW3igJ_s Key highlights from Adani Wilmar Ltd (AWL) Q4 FY22 Earnings Concall Management Update: AWL said that for FY22-23, the growth is expected to be little higher of 3% for the overall consumption growth of edible oil. Additionally, AWL also expects the per capita consumption going up. Q&A Highlights: Abneesh\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":168575,"url":"https:\/\/alphastreet.com\/india\/awl-agri-business-ltd-q4fy25-22-rise-in-profits\/","url_meta":{"origin":124737,"position":1},"title":"AWL Agri Business Ltd Q4FY25; 22% rise in Profits","author":"Divyansh_Kasana","date":"May 30, 2025","format":false,"excerpt":"Incorporated in 1999, Adani Wilmar Ltd deals in edible oil and food and other FMCG products Financial Results: AWL Agri Business Ltd reported Revenues for Q4FY25 of \u20b918,230.00 Crores up from \u20b913,223.00 Crore year on year, a rise of 37.87%. Total Expenses for Q4FY25 of \u20b918,057.00 Crores up from \u20b913,116.00\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/O-13.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/O-13.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/O-13.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/O-13.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/O-13.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/O-13.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140551,"url":"https:\/\/alphastreet.com\/india\/adani-wilmar-ltd-nse-awll-q3-fy23-results-out-total-income-rises-8-yoy\/","url_meta":{"origin":124737,"position":2},"title":"Adani Wilmar Ltd.(NSE: AWLL)| Q3 FY23 Results Out| Total Income rises 8% yoy","author":"Divyansh_Kasana","date":"February 8, 2023","format":false,"excerpt":"Adani Wilmar Limited(NSE: AWL) is an Indian FMCG company that provides edible oil, vanaspati, and specialty fats. The company's product portfolio spans three categories: (1) Edible oil including Fortune and masstige brands; (2) Packaged food and FMCG including Fortune, Jubilee, and Golden Chef; (3) Industry essentials including oleochemicals, castor oil,\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1c5e99dd-044f-4a1b-84bb-b317ee94ccf3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1c5e99dd-044f-4a1b-84bb-b317ee94ccf3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1c5e99dd-044f-4a1b-84bb-b317ee94ccf3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1c5e99dd-044f-4a1b-84bb-b317ee94ccf3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1c5e99dd-044f-4a1b-84bb-b317ee94ccf3.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1c5e99dd-044f-4a1b-84bb-b317ee94ccf3.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140629,"url":"https:\/\/alphastreet.com\/india\/adani-wilmar-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":124737,"position":3},"title":"Adani Wilmar Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 9, 2023","format":false,"excerpt":"Key highlights from Adani Wilmar Ltd (AWL) Q3 FY23 Earnings Concall Q&A Highlights: [00:24:17] Manoj Menon from ICICI Securities asked about the drivers of market share gain in Edible Oil. Angshu Mallick MD said the market has not been growing in the first nine months of the year, causing a\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142375,"url":"https:\/\/alphastreet.com\/india\/earningsadani-wilmar-limited-nseawl-q3fy23-results-out-total-income-rise-7-yoy\/","url_meta":{"origin":124737,"position":4},"title":"Earnings|Adani Wilmar Limited (NSE:AWL): Q3FY23 Results Out; Total Income rise 7% YoY","author":"Divyansh_Kasana","date":"February 21, 2023","format":false,"excerpt":"Adani Wilmar Limited (NSE:AWL) is a joint venture between the Adani Group and Wilmar International, and is one of the largest FMCG companies in India. It is primarily engaged in the business of manufacturing, packaging, and distribution of edible oils, specialty fats, and oleochemicals. The company's flagship brand, Fortune, is\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170762,"url":"https:\/\/alphastreet.com\/india\/awl-agri-business-q1-fy26-earnings-results\/","url_meta":{"origin":124737,"position":5},"title":"AWL Agri Business Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 29, 2025","format":false,"excerpt":"AWL Agri Business Ltd (formerly Adani Wilmar Ltd), incorporated in 1999, is active in edible oils, food, and various FMCG products and underwent a strategic renaming after Adani's exit from the joint venture in FY24. Presenting below its Q1 FY26 Earnings Results. Q1 FY26 Earnings Results Revenue: \u20b917,059 crore, up\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"AWL Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AWL.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AWL.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AWL.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AWL.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AWL.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AWL.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=124737"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/124093"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=124737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=124737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=124737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}