Adani Wilmar shares: ICICI Securities raises target price post Q1 results
ICICI Securities likes the potential in the HoReca segment given Adani Wilmar's key focus in that segment
Adani Wilmar Ltd (AWL) had a decent quarter with volume growth of 6% from the year-ago quarter and 53% in edible oils and Food and FMCG segments, respectively. This is despite inflation-led consumer slowdown in most staples categories, highlighted domestic brokerage ICICI Securities.
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