Adani Exits FMCG Joint Venture with Wilmar!
- nvshah0610
- Jul 27
- 2 min read

Adani Enterprises Limited (AEL) has formally exited its two-decade-old joint venture in the fast-moving consumer goods (FMCG) sector with Wilmar International, marking a significant strategic shift. The JV, Adani Wilmar Ltd (AWL), was initially launched to capture India’s growing edible oils and food products market. In July 2025, Adani sold its remaining 30.4% stake in AWL for approximately ₹11,080 crore (~$1.3 billion), making a full exit from the consumer segment. This move reflects Adani’s renewed focus on capital-intensive core businesses like infrastructure, energy, and logistics.
The exit from AWL comes amid a broader realignment within the Adani Group, especially after facing global scrutiny in 2023 and realigning its capital deployment strategy. The stake was acquired by Wilmar and institutional investors, giving Wilmar full control over the JV operations. Analysts believe this move will simplify AWL’s management structure and allow each partner to focus on their core competencies—Wilmar on FMCG, and Adani on infrastructure and industrial platforms. The funds raised are likely to be reinvested into projects with higher return-on-investment potential, such as airports, green energy, and manufacturing.
Adani Wilmar, despite its success as one of India’s largest edible oil brands (including Fortune), had begun to face margin pressures, rising input costs, and increased competition. The FMCG business, while profitable, didn't align with Adani Enterprises’ shift toward sectors like copper manufacturing, airports, defence, and data centers—areas where scalability and capex intensity match its long-term growth narrative. Additionally, this sale frees up capital at a time when Adani is also expanding aggressively into renewable power and aviation infrastructure.
The decision to exit the JV signals a focused capital allocation philosophy by the Adani Group: reduce diversification and deepen investments in high-impact national infrastructure sectors. It also reflects the conglomerate’s intent to streamline its portfolio following the Hindenburg report episode in 2023, which had triggered debt reassessments and governance reforms. With the Wilmar exit complete, Adani Enterprises is now positioned to concentrate on its expanding roles in copper, airports, coal trading, green hydrogen, and defence manufacturing, all of which align with India's industrial and strategic development agenda.
Souces: AdaniEnterpriseLTD
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