Adani Wilmar Ltd (AWL) is a leading Indian agri-business and FMCG company, operating as a 50:50 joint venture between the Adani Group and Singapore-based Wilmar International. Known for its flagship edible oil brand Fortune, AWL also offers a wide portfolio of food products, including rice, flour, sugar, pulses, and packaged snacks under brands like King’s, Raag, Avsar, and Sunrich. With over 100 manufacturing units and pan-India distribution, the company is a dominant player in India’s $80 billion+ edible oil market. After reporting exceptional profit growth and improving operational efficiency, AWL has attracted renewed investor interest. This article provides a data-backed outlook on the Adani Wilmar share price target 2026–2030.
Adani Wilmar Ltd: Company Overview
- Founded: 1999
- Headquarters: Ahmedabad, Gujarat
- Key Segments: Edible Oils (70%+ of revenue), Packaged Foods, Industrial Oils, B2B Ingredients
- Market Position: #1 edible oil brand in India by volume; Fortune commands ~20% market share
- Ownership: JV between Adani Group (56.94%) and Wilmar International (via subsidiaries)
AWL benefits from strong brand recall, backward integration in oil refining, and rising demand for packaged food in semi-urban India. Its recent focus on value-added products (e.g., blended oils, fortified staples) supports margin expansion.
Adani Wilmar Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹209.00 |
| Market Capitalization | ₹27,171.08 Cr |
| No. of Shares Outstanding | 129.97 Cr |
| 52-Week High / Low | ₹404 / ₹232 |
| P/E Ratio (TTM) | 26.64 |
| P/B Ratio | 2.76 |
| EPS (TTM) | ₹7.85 |
| Book Value (TTM) | ₹75.63 |
| ROE | 13.79% |
| ROCE | 21.42% |
| Dividend Yield | 0.00% |
| Face Value | ₹1 |
| Cash | ₹2,062.30 Cr |
| Total Debt | ₹1,671.99 Cr |
| Debt-to-Equity | 0.18 |
| Sales Growth (YoY) | 25.34% |
| Profit Growth (YoY) | 337.03% |
| Promoter Holding | 56.94% |
Adani Wilmar Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹225 – ₹260 |
| 2027 | ₹245 – ₹290 |
| 2028 | ₹265 – ₹320 |
| 2029 | ₹285 – ₹350 |
| 2030 | ₹305 – ₹380 |
Adani Wilmar Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹225 | ₹260 |
AWL reported a staggering 337% YoY profit growth in FY2025, driven by improved product mix, cost optimization, and higher-margin specialty oils. Despite this, the stock has corrected ~48% from its 52-week high due to profit-taking and concerns about valuation. Trading at a P/E of 26.6x—slightly above the FMCG sector median—the stock reflects premium pricing for its market leadership. A 2026 target of ₹225–₹260 assumes sustained margin recovery and volume growth.
Adani Wilmar Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹245 | ₹290 |
The company’s expansion into health-focused and fortified foods aligns with India’s nutrition-conscious consumer trend. If sales grow at 15–18% CAGR and net margins stabilize near 2.5–3%, EPS could reach ₹9.00–₹10.20 by FY27. At a P/E of 26–28x, the 2027 range of ₹245–₹290 is realistic.
Adani Wilmar Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹265 | ₹320 |
By 2028, benefits from scale, digital distribution, and export initiatives (leveraging Wilmar’s global network) should support profitability. ROCE (21.42%) remains industry-leading, justifying a modest P/E premium. Assuming EPS of ₹10–₹11.50 and P/E of 27–28x, the ₹265–₹320 band is justified.
Adani Wilmar Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹285 | ₹350 |
Long-term tailwinds include rising per capita edible oil consumption (currently ~18 kg vs 25+ kg in developed nations) and organized retail penetration. Risks include commodity price volatility and intense competition from Marico, ITC, and Patanjali. Using a P/E of 27–29x on projected EPS (~₹10.50–₹12), the 2029 target is ₹285–₹350.
Adani Wilmar Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹305 | ₹380 |
Over a five-year horizon, AWL’s value lies in its irreplaceable brand equity, distribution strength, and category leadership—not explosive growth. While it pays no dividends, its reinvestment strategy supports compounding. A terminal P/E of 28–30x on FY30 EPS (~₹11–₹12.70) supports the ₹305–₹380 range.
Adani Wilmar Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Adani Group + Wilmar) | 56.94% |
| Foreign Institutional Investors (FII) | 21.15% |
| Domestic Institutional Investors (DII) | 9.28% |
| Public & Retail | 12.64% |
| Others | 0% |
High promoter holding ensures strategic alignment, while strong FII interest reflects global confidence in India’s FMCG story.
Adani Wilmar Ltd: Strengths vs Risks
Strengths:
- Market leader in edible oils with unmatched brand trust (Fortune)
- Exceptional FY25 profit growth (337%) and healthy ROCE (21.42%)
- Low debt-to-equity (0.18) and strong cash reserves (₹2,062 Cr)
- Backed by two global giants: Adani Group and Wilmar International
Risks:
- Zero dividend yield—limits appeal for income investors
- High dependence on volatile crude palm oil (CPO) prices
- P/E of 26.6x leaves little room for execution misses
- Intense competition in packaged foods from established players
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Higher than market average (FMCG with commodity exposure) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Growth-oriented investors seeking India’s branded food consumption story |
- Profit-taking after a strong FY24 rally
- Concerns about rich valuation (P/E >26x)
- Commodity price swings affecting input costs
- Broader FMCG sector rotation toward defensive names
Final Verdict
Adani Wilmar Ltd combines category leadership, strong branding, and improving profitability—but lacks dividend appeal and carries commodity risk. Our Adani Wilmar share price target 2026–2030 (₹225 to ₹380) reflects steady appreciation if the company sustains its product mix shift and margin discipline. Suitable for growth portfolios—but avoid lump-sum entry at current levels without a staggered approach.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Adani Wilmar Consolidated Page (FY2025 + TTM)
- Finology Ticker – AWL Financial Ratios & Valuation
- Adani Wilmar Investor Presentation (Q3 FY26, Jan 2026)
- BSE/NSE – Listing and Corporate Filings
- Ministry of Food Processing Industries – Edible Oil Consumption Trends
