Adani Wilmar Q2 Results: Net Profit Dive 73% On Cost Rise Shares Lower

Adani Wilmar Ltd on Thursday reported a 73% slump in the second quarter profit.

As the Fortune cooking oil maker reeled under dull demand from rural areas and wrestled with industry-wide input cost inflation.

The company's consolidated net profit for the second quarter ended September 2022.

Adani Wilmar, a joint venture between Indian conglomerate Adani Group and Singapore's Wilmar Group

Saw revenue from operations climb more than 4% year-on-year (YoY) to ₹14,150 crore as against ₹13,558 crore.

The growth pace has been dragged by a decline in mainstay edible oil.

Its total expenses rose to ₹14,149.6 as compared to ₹13,354 crore in the corresponding quarter of the previous fiscal.