The company is one of the largest FMCG companies in India. The edible oil majors consolidated net profit surged 67.45% to Rs 156.75 crore in Q4 FY24 as against Rs 93.61 crore posted in Q4 FY23. Revenue from operations stood Rs 13,238.04 crore in Q4 FY24, down 4.57% from Rs 13,872.64 crore recorded in the corresponding quarter previous year.
Does Uganda have a oil industry?
The Ugandan government has granted production licenses for foreign corporations, such as Tullow Oil from the United Kingdom and the China National Offshore Oil Corporation, allowing them to develop oil reserves in the country. Uganda also plans to construct a refinery to produce petroleum products for export and domestic use.
How to start a food business in Uganda?
To start a food business in Uganda, consider opening a restaurant that serves both local favorites and international cuisine. Starting a food delivery unit is also a profitable addition to your business, as food delivery is in high demand.
How did edibile oil perform in YoY?
The edibile Oil business maintained its strong momentum with double-digit YoY volume growth driven by strong performance in Soyabean, Sunflower and Mustard oils. The Food & FMCG segment recorded a YoY revenue growth of 36%, fueled by increased outlet penetration, and repeat purchases of the companys food products.