BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Adani Wilmar Ltd. is a strong market leader (50:50 joint venture between Adani Group and Wilmar) in branded edible oil and industry essentials with aspirations to further scale-up packaged foods.
Strong competitive advantages (price-laddering, oil segments, scale, market intelligence (courtesy Wilmar)) in edible oil provide Adani Wilmar with an edge over competition.
Further, the company enjoys multiple synergies across all three business segments which augur well for scale up of packaged foods business –
scale in procurement and logistics,
brand recall of ‘Fortune' and
readily available distribution and mix-load supply chain benefit from edible oil.
We model revenue / Ebitda /profit after tax compound annual growth of 9%/24%/35% over FY22-24E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
