Adani Wilmar Share Price: Nuvama Sees GD Foods Deal Boosting Market Expansion, Reiterates BUY Rating

Adani Wilmar Expands Food Segment with GD Foods Acquisition; Nuvama Maintains BUY

Adani Wilmar (AWL) has acquired GD Foods, known for the Tops brand, at an enterprise value of ₹6 billion, strengthening its food business.
Brokerage Nuvama sees this deal as a key step in expanding AWL’s product portfolio, particularly in condiments and processed foods.
The Tops brand is expected to contribute 6.6% to AWL’s food segment revenue and 0.7% to overall revenue, with a positive impact on profit margins.
While Tops has a strong North India presence, AWL’s nationwide distribution network could help scale the brand across India, unlocking further growth.