Post-#Adani exit, #Wilmar to emulate #ITC; leverage cash-cow oil business to expand #FMCG portfolio https://t.co/lQrnnVwvDv
CLSA on Marico: Underperform with target price of ₹482. Revenue mid-teens, EBITDA growth at 5%.
#BrokerageRadar | CLSA on Marico: Underperform with target price of ₹482. Revenue mid-teens, EBITDA growth at 5%. @CLSAInsights https://t.co/pY9kZmddVL


Adani Wilmar reported a 6% increase in sales volume and a 33% rise in revenue for the third quarter, maintaining its market share in the edible oils segment. The company also noted robust double-digit growth in key packed food products. Following the exit of Adani, Wilmar plans to emulate ITC by leveraging its profitable oil business to expand its fast-moving consumer goods (FMCG) portfolio. In related market updates, Marico achieved mid-teen revenue growth in its consolidated business, with expectations of double-digit growth for the full year.