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Grapevine

Adani Wilmar's Aggressive Expansion Plans in the FMCG Sector

  • Adani Wilmar Ltd is in talks to acquire three food companies in south and east India, marking its most aggressive capex plan yet.
  • The Adani group has built a $1 billion war chest for acquisitions to boost its food and FMCG business, aiming for 25-30% of its topline from consumer-facing businesses.
  • The group plans to invest $800 million to $1 billion in the FMCG sector, primarily through acquisitions, targeting established brands in spices, ready-to-cook foods, and packaged edibles.
  • Adani Wilmar's revenue from food and FMCG grew by 40% in the June quarter, prompting further expansion plans, including a new plant in Haryana.
  • The group's long-term strategy includes enhancing its digital ecosystem through the Adani One super-app, aiming to connect with 400 million users by 2030.

Source: LiveMint

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