India's Adani Wilmar bets on urban revival, quick grocery delivery to boost growth (updated)

Wilmar International

05/02/2025 08:03

(Adds background in paragraph 2, executive comment in paragraph
3)
    By Praveen Paramasivam
       Feb 5 (Reuters) - Adani Wilmar  ADAW.NS  expects its
sales volumes to grow by around 10% next fiscal year, CEO Angshu
Mallick told Reuters on Wednesday, counting on demand from
10-minute grocery delivery apps and a tax cut-led revival in
urban consumer spending.
    Top executives in sectors such as consumer goods and
automobiles expect India's plans to cut personal income tax
rates to put more disposable income in the hands of the people
and eventually boost consumption.
    "Whenever consumers have excess money, we have found they
first go and buy good food," Mallick said, adding the company's
food business is expected to grow by more than 20% for the
fiscal year that ends in March 2026.
    For the third quarter, Adani Wilmar's sales volume grew by
only 5%, with its edible oil business posting a 4% growth.
    The edible oil business, which makes 'Fortune' cooking oil,
will grow by at least 6% next year, helping the broader group
return to overall growth in the region of 10%, Mallick said.

 (Reporting by Praveen Paramasivam; Editing by Sonia Cheema)
 ((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))