Adani Wilmar eyeing growth opportunities in branded foods business [Video]

Angshu Mallick, MD & CEO of Adani Wilmar sees significant scope of growth in the branded food segment, particularly in staples, spices, sugar, pulses, wheat flour etc.

In a conversation with CNBC-TV18, he pointed out that the share of branded products in these categories is still much smaller and that provides Adani Wilmar the opportunity to ramp up and grow.

He expects the food division to grow fast and the share of food and FMCG sales to total business to grow to 15-18% from 10% now.

During April-December 2023, the food and FMCG segment constituted 10% of the total revenue of ₹3,653 crore. Volume growth for the segment was at 19% for the nine months.

Adani Wilmar is also eyeing double-digit volume growth for edible oil in the fiscal year 2025. .

Mallick said, “Possibly after four or five years, the country is seeing higher consumption of edible oil. As a result, the overall business of edibles has improved in terms of volume. Prices …