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Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. The company offers a range of staples such as wheat flour, rice, pulses and sugar. Their products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.
Essential commodities, such as edible oils, wheat flour, rice, pulses and sugar, account for approximately 66% of the spend on essential kitchen commodities in India.
As of March 31, 2021, Adani Wilmar were present in one out of three households in India with a household reach of 90.51 million through their Fortune brand. (Source: Company DRHP)
“Fortune”, a Adani Wilmar flagship brand, is the largest selling edible oil brand in India. As a renowned brand in India, it has been associated with the quality of their edible oil and food products and the health benefits they feature. (Source: Company DRHP)
As an edible oil and food and FMCG company, Adani Wilmar businesses are sensitive to weather conditions, including extremes such as drought, floods and natural disasters.
Earnings are to an extent dependent on the prices of the commodities that they sell, including, amongst others, palm oil, sunflower oil, grain and castor oil. These fluctuate due to factors beyond their control, such as world demand and supply.
Although Adani Wilmar follows established risk management policies, including the use of derivatives to hedge their exposure to foreign currency risks, they are nevertheless exposed to risks from foreign exchange rate fluctuations since their business is dependent on imports and exports.
The Indian consumption growth story remains intact supported by various trends including the demographics, greater influence of women on their families, urbanization and a growing middle class.
The demand for packaged foods in India is experiencing a rapid growth. Certain food categories, such as wheat flour and rice, which used to be predominantly sold in loose form, are being increasingly sold in packages. However, the penetration rate of packaged foods in India remains low, which provides significant potential for growth for packaged edible oil and food products.
A number of packaged food categories such as salt and edible oil have witnessed significant increase in the overall branded product usage. Similar trends are expected in various other large packaged food categories such as wheat flour, rice, besan and soya chunks in the coming years.
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Choose the IPO you want to apply from the list. Click on Apply.
Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
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