Adani Wilmar Q3 Results Date and Time, Adani Wilmar Ltd is an Indian company in FMCG Sector. The company’s headquarter is in Ahmadabad, Gujarat, India. It is one of the fastest growing food FMCG companies in India.
Adani Wilmar offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. The products are offered under a diverse range of brands across a broad price spectrum and cater to different customer segment.
Adani Wilmar Q3 Results Date and Time
The meeting of the Board of Directors of Adani Wilmar Limited will be held on Wednesday, 8th February, 2023, inter alia, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended on 31st December, 2022.
We hereby inform that the Company will hold Earnings Conference Call with Research Analysts and Investors to discuss the financial and operational performance of the Company for the quarter and nine months ended on 31st December 2022 on Wednesday, 8th February, 2023.
Brokerage Call on Adani Wilmar
Nuvama Institutional Equities said the Q3FY23 business update of Adani Wilmar augurs a sequential improvement in performance. It expects Q3FY23 revenue to grow 7 percent YoY and Ebitda to dip 11 percent (Q2 revenue rose 4.4 per cent YoY.
Ebitda fell 40 per cent YoY) versus its initial expectation of 10 percent revenue growth and a 7 percent dip in Ebitda, respectively.
“We expect edible oils to grow by 3 per cent, Food/FMCG by 47 percent and industry essentials by 19 percent YoY,” he said.
Nuvama said while Adani Wilmar competes in an extremely competitive business, it has consistently delivered strong volume growth across segments. Moreover, its commitment to expand the foods basket would help moderate its excessive dependence on the edible oils basket, it said.
Will Adani Shares Bounce Back ?
Due to current market situation adani group shares will be highly volatile in short term but in future it will bounce back.
Adani Wilmar was at support level which was 400 rupees. Currently stock hit lower circuits on day to day basis due to hindenburg report was out. Adani wilmar was in FMCG sector and FMCG was growth at slow pace but less volatile as compare to other sectors.
Adani group stocks was traded at very high valuation so they need to correct. If hindenburg research not published report then other will do. Stock market works on Dow Theory.
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