Adani Wilmar IPO - A Fortune Of Edible Oil: Reliance Securities

Adani Wilmar IPO - A Fortune Of Edible Oil: Reliance Securities

A worker pours refined oil into a bucket in the village of Wonocolo, East Java, Indonesia. ( Photographer: Dimas Ardian/Bloomberg)

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Reliance Securities Report

Adani Wilmar Ltd. is a joint venture between Adani Enterprises and Wilmar International, which offers most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar.

The company’s business is categorised into-

  1. Edible Oil (82% of revenue): Adani Wilmar is the largest player in branded edible oil, with 25% of India’s refining capacity, and has two times market share of the next competitor,

  2. Packaged Food and FMCG (5%): it ranks among the top three players in foods in India,

  3. Industry Essentials (13%): it ranks first and is the world’s largest castor oil player, most of which is exported to Europe, the U.S. and China.

Adani Wilmar produces 32% of the country’s stearic acid requirement, 23% of glycerine requirement and 9% of soap noodles requirement. It operates in 28 states and eight union territories with 10 crushing units and 19 refineries, and the business spans to 1.6 million retail outlets.

Click on the attachment to read the full report:

Reliance Securities Adani Wilmar Ipo Note.pdf
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