(Reuters) - India's Adani Wilmar said on Friday it expects second-quarter standalone revenue to grow 16%, on account of higher sales volumes at its mainstay edible oil segment and fast-growing foods business.
Edible oil prices showed signs of recovery in the quarter ended Sept. 30 compared to previous quarters, although they remained below year-ago levels, said analysts.
Click here to connect with us on WhatsApp
Adani Wilmar, which sells the "Fortune" brand of cooking oils, said sales volume for edible oils, its biggest business, rose 15% in the September quarter.
Volumes at the food business, the company's second-biggest, grew 31% in the quarter, it said.
Rival Marico, which makes the "Parachute" coconut oils, said on Wednesday it expects Q2 consolidated revenue to grow in the high single-digit percentage range.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
