Edible oil major Adani Wilmar on Wednesday reported 60 per cent decline in consolidated net profit at ₹93.61 crore for the quarter ended March 2023 on lower revenue.
Its net profit stood at ₹234.29 crore in the year-ago period.
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Total income fell to ₹13,945.02 crore in January-March 2022-23 from ₹14,979.83 crore in the year-ago period, Adani Wilmar said in a regulatory filing.
During the full last fiscal, Adani Wilmar's net profit fell to ₹582.12 crore from ₹803.73 crore in the previous year. Total income, however, rose to ₹58,446.16 crore from ₹54,327.16 crore in the previous year.
Adani Wilmar sells edible oil under Fortune brand.
Apart from edible oils, the company sells various food items like rice and sugar.