📉 CMP: ₹250
📌 52-Week Low: ₹243 | 52-Week High: ₹469
Once the golden goose of the Adani flock, Adani Wilmar now feels more like a stray chicken in the backyard of the FMCG market. After the Adani family offloaded a significant chunk of their stake, the stock has been on a diet stricter than your New Year resolution — slimming down 46% from its peak. But is this the market’s version of intermittent fasting — or just the company detoxing before a comeback?
Let’s dive in. (Careful, it’s slippery.)
🧈 What’s Cooking in the Kitchen?
Adani Wilmar, best known for Fortune edible oils, also plays in packaged foods, rice, wheat flour, and personal care. Its primary claim to fame: being a joint venture between Adani Group and Wilmar International (a Singapore-based agri-giant). Well, at least it was a joint venture…
🚨 The Exit: Adani Says “Mung Dal Bye!”
In a shocking turn of events, the Adani family offloaded a large portion of their stake, slashing their shareholding from a robust 87.88% to 74.36% as of March 2025. That’s like mom taking her name off the family WhatsApp group.
Why? Regulatory compliance and possible group-level risk diversification post-Hindenburg saga are probable reasons. But for retail investors, this move triggered some good ol’ panic selling, dragging the stock to ₹250 — uncomfortably close to its 52-week low.
Adding salt to the wound, the second phase of the deal will see Wilmar International — a partner since the company’s inception — acquire
the remaining 31% stake, making it the majority shareholder, with a holding of nearly 75%. This means Adani Enterprises is completely exiting the Fast-Moving Consumer Goods (FMCG) business, allowing it to refocus on its core infrastructure ventures. The second phase of this transaction will see Wilmar expanding its stake through Lence Pte Ltd, a subsidiary of Wilmar International, buying the remaining shares from Adani’s wholly owned subsidiary Adani Commodities LLP.
📊 Financial Masala: Raw Numbers, Cooked Commentary
Let’s look at the quarterly results to understand if this company’s oil is still hot or if it’s just another leftover.
🏭 Sales (QoQ Growth)
| Quarter | Sales (₹ Cr) | QoQ Growth |
|---|---|---|
| Dec 2023 | ₹16,839 | +16.4% |
| Mar 2024 | ₹18,230 | +8.3% |
| Mar 2025 | ₹18,230 | Flat |
Not bad! The company is growing steadily despite the noise — even with high base effect and weak rural demand.
💸 Operating Profit (OPM Story)
Operating profit has fluctuated like your gym attendance:
- Mar 2023: ₹118 Cr (OPM: 1%)
- Dec 2023: ₹792 Cr (OPM: 5%)
- Mar 2025: ₹448 Cr (OPM: 2%)
Margins
