After Adani Power, Adani Wilmar enters ₹1 lakh crore club tripling investors money in three months

• FMCG company Adani Wilmar, known for edible oil 'Fortune', made it to the ₹1 trillion club on sharp rally in share price.
• Today, shares of the company hit an all time high of ₹802.80 as the stock surged 5%.
• Moreover, the stock has tripled investors' money in just three months from February 8, 2022 when it got listed on exchanges.

Fast moving consumer goods (FMCG) firm Adani Wilmar has finally made it to ₹1 trillion market capitalisation club as shares of the company rallied sharply. The firm owns the popular brand ‘Fortune’. The company claims 1 out of every 3 households consumes a “Fortune” product.

In just three months of listing, shares of the firm have rewarded investors with three-fold returns. Today, shares of the company hit an all-time high of ₹802.80 as the stock surged 5%.

The stock has been on an uptrend since yesterday, April 26, after Indonesia banned exports of palm oil, which would eventually increase prices of edible oil and benefit the firm. Reportedly, India sources 45% of its annual palm oil needs from Indonesia.

Besides, the company has benefited from the recent spike in prices of cooking oil because of the Russia-Ukraine war. Prices of cooking oil commodities across nations have shot up because of supply disruption fears in Russia and Ukraine. As a matter of fact, Ukraine and Russia together account for 90% of India’s sunflower oil imports.

As a matter of fact, Ukraine and Russia together account for 90% of India’s sunflower oil imports.

In 2021, India imported 70% of its sunflower oil requirements from Ukraine alone. Russia accounted for 20% and the balance 10% was from Argentina.

Earlier the company in an interview to Business Insider said that it has a market share of 18.3% in the edible oil business.

Now, each of the Gautam Adani-led companies have a market capitalisation of ₹1 trillion. Yesterday, on April 25, Adani Power entered ₹1 trillion market cap on exchanges.
Adani Wilmar is ranked 54th in the list of top 100 listed companies surpassing Dabur India, Shree Cements, Godrej Consumer, Britannia, Tata Consumer Products and many others.


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