India's Adani Wilmar gains on Q1 rev growth

Colgate-Palmolive (India)

08/07/2024 05:15

** Shares of Adani Wilmar  ADAW.NS  rise 2.3% to 340.5
rupees
    ** The "Fortune" branded cooking oil maker said on Friday
its Q1 rev grew 11% Y/Y, sales volume up 13%
    ** Co aided by uptick in branded exports by 36% Y/Y in Q1
    ** ADAW among top gainers on Nifty midcap 150 index
 .NIMI150 , which is up 0.29%
    ** ADAW, Nestle India  NEST.NS  and Colgate Palmolive India
 COLG.NS  rated "hold"; HUL  HLL.NS , ITC  ITC.NS  Britannia
Industries  BRIT.NS  rated "buy", as per LSEG data
    ** Median PT of ADAW is 360 rupees - LSEG data
    ** Stock down 4% so far this year


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))