Adani Wilmar posts 60% drop in Q4 profit on weak edible oils demand
Adani Wilmar reported a 60% drop in Q4 profits due to lower edible oil prices and decreased demand. The edible oil prices have decreased with productivity, but the demand hasn't seen the same recovery. Adani Wilmar sales value in its edible oil business decreased by 13% in the quarter, despite volumes remaining flat.
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