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ICICI Securities Report
Adani Wilmar Ltd. had a decent quarter with volume growth of 6% YoY and 53% YoY in edible oils and food and fast moving consumer goods segments, respectively. This is despite inflation-led consumer slowdown in most staples categories.
In terms of prices, while there was some cool-off in edible oil prices (partly driven by government measures as well) the trajectory still continues to be volatile.
In terms of demand outlook, festive season and some expected improvement in rural demand (good monsoon led) should aid improvement.
Strong competitive advantages (price-laddering, oil segments, scale, market intelligence (courtesy Wilmar)) in edible oil provide Adani Wilmar with an edge over competition.
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