Adani Wilmar - IPO
Adani Wilmar : No. 1 edible oil brand in India / “Fortune”, our flagship brand, is the largest selling edible oil brand in India.
Adani Wilmar is subsidiary of Adani Enterprises and it is mainly into food processing business of Edible Oil, Food products - Rice , Soya Chunks, Besan and Sattu, Pulses , Khichdi, Wheat Flour, Sugar, FMCG Products - Soap, Hand wash, Sanitizer.Adani Group + Wilmar Group = Adani Wilmar.
Wilmar group is Singapore based which is one of Asia’s leading agribusiness groups which was ranked among the largest listed companies by market capitalization on the Singapore Exchange as of February 2021.
Here is the financial health of Adani Wilmar
|
Financial Year |
Total Assets In Million |
Total Revenue In Million |
Profit After Tax In Million |
|
2019-20 |
Rs. 73,304.19 |
Rs. 296,570.00 |
Rs. 3,888.00 |
|
2018-19 |
Rs. 75,965.68 |
Rs. 287,975.00 |
Rs. 3,655.00 |
Some of the recent developments in the FMCG sector are as follows:
- In
November 2021, Tata Consumer Products (TCPL) signed definitive agreements
to acquire 100% equity shares of Tata SmartFoodz Limited (TSFL) from Tata
Industries Limited for a cash consideration of Rs. 395 crore (US$ 53.13
million). This move was in line with TCPL’s strategic intent to expand
into the value-added categories.
- In
November 2021, Unilever Plc agreed to sell its global tea business to CVC
Capital Partners for EUR 4.5 billion (US$ 5.1 billion. The business being
sold—Ekaterra—hosts a portfolio of 34 tea brands including Lipton, PG
Tips, Pukka Herbs and TAZO.
- In
November 2021, McDonald’s India partnered with an FMCG company ITC to add
a differentiated fruit beverage, B Natural, to its Happy Meal, which will
be available across all McDonald’s restaurants in South and West India,
primarily catering to children aged 3–12 years.
- In
October 2021, Procter & Gamble announced an investment of Rs. 500
crore (US$ 66.8 million) in rural India.
- In
September 2021, PepsiCo commissioned its Rs. 814 crore (US$ 109.56
million) Kosi Kalan foods facility in Mathura, Uttar Pradesh; it is the
company's largest greenfield manufacturing investment in India.
- In
September 2021, Vahdam India, an Indian tea brand, raised Rs. 174 crore
(US$ 24 million) as part of its Series D round led by IIFL AMC’s Private
Equity Fund.
- In
September 2021, RP-Sanjiv Goenka Group entered the personal-care segment
by launching skin and haircare products, aiming at a revenue of Rs.
400-500 crore (US$ 53.84-67.30 million) in the next 4-5 years
- In
September 2021, Adani Wilmar announced the opening of physical stores
under the name ‘Fortune Mart’ that will exclusively sell Fortune and other
Adani Wilmar brand products.
- In
August 2021, Apnaklub, a Bengaluru-based B2B wholesale marketplace for
consumer goods, raised US$ 3.5 million in a seed round from Sequoia
Capital India’s Surge, increasing the total funds to US$ 5 million.
- In
August 2021, Soothe Healthcare, an Indian personal hygiene products brand,
raised Rs. 130 crore (US$ 17.54 million) in a Series-C round of funding
from A91 Partner Partners.
- In
August, Adani Wilmar, a 50/50 joint venture between Adani Group and
Singapore-based Wilmar, filed for initial public offering (IPO) to raise
up to Rs. 4,500 crore (US$ 607.13 million) for expansion.
- In
the fourth quarter of FY21, e-commerce sales of Marico Ltd., Hindustan
Unilever Ltd., Dabur India, ITC and Godrej Consumer Products Ltd. were 8%,
6%, 5%, 5%, and 4%, respectively, of the total FMCG sales.
- In
July 2021, Emami Ltd. increased its stake (by 15% to 46%) in Helios
Lifestyle, which sells male-grooming products under The Man Company brand
in line with its ambition to tap emerging online opportunities.
- In
July 2021, Tata Consumer Products Ltd. introduced 'Eight O'Clock',
America's Original Gourmet Coffee, under D2C, besides Tata Coffee 1868 and
Sonnets, as a part of its strategy to enhance its D2C approach for select
coffee brands and their specific websites. The company plans to add more
brands in the D2C space as these three coffee brands stabilise.
- In
July 2021, HUL launched in-store vending machine model, Smart Fill
machine, for its home care products with the aim to reuse and recycle
plastic. Smart Fill machine will allow consumers to reuse plastic bottles
by refilling products from its brands like Surf Excel, Comfort and Vim.
- As
of June 2021, e-commerce share has already touched 7-8% for some of the
largest FMCG companies in the country, according to Accenture India.
- In
June 2021, Dabur India announced its Rs. 550 crore (US$ 75.6 million)
investment to set up a new plant in Madhya Pradesh for manufacturing of
food products, ayurvedic medicines and health supplements.
- In May 2021, Tata Digital Ltd., a 100% subsidiary of Tata Sons, acquired a 64.3% stake in supermarket grocery supplies, the business-to-business arm of BigBasket in tandem with Tata Group’s strategy to build a digital consumer ecosystem. According to the Economic Times, the deal is worth U$ 1.8-2 billion.
- In
May 2021, Nepal-based CG Corp Global, known for its popular noodles brand
Wai Wai, announced its plan to invest Rs. 200 crore (27.42 million) to set
up two new manufacturing plants in West Bengal and Uttar Pradesh.
To improve FMCG market, Indian Government's has taken vital steps like reducing GST, FDI, PLI scheme, Atmanirbhar Bharat, scheme, vocal for local scheme.
In future what is more positive
The number of internet users in India is likely to reach 1 billion by 2025. It is estimated that 50% of all FMCG consumption in India will be made online by 2022. It is estimated that India will gain US$ 15 billion a year by implementing GST and FMCG will play major role in GST contribution.
Another major factor propelling the demand for food services in India is the growing youth population, primarily in urban regions. India has a large base of young consumers who form majority of the workforce, and due to time constraints, barely get time for cooking.
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