Adani Wilmar renowned company in FMCG sector. Adani wilmar is having a big market share in refined oil as well as in other products.
Adani wilmar has come up recently with IPO and has published its quarterly report of December 2021 quarter also.
Adani wilmar quarterly report of September 2021 quarter was Rs 13012 crores in terms of sales while for December 2021 quarter sales figure was Rs 13763. Operating profit of Adani wilmar in December 2021 quarter wise Rs 13256 crores as compared to that of September 21 was Rs 12587 crores. Profit before tax [PBT] stood for December quarter was Rs 332 crores as compared to Rs 237 crores in September 2021 Quarter. Net profit in September quarter 2021 was rupees 176 crores which jumped to Rs 241 crores. Earning Per Share [EPS] was Rs 1.54 in September 2021 quarter which jumped to 2.11 in December 2021 quarter.
As we are able to see growth in sales, operating profit, profit before tax, net profit and EPS we would like to recommend a buy call on it with a target of rupees 1000 in next 2 years.