India's Adani Wilmar bets on urban revival, quick grocery delivery to boost growth
(Reuters) -Consumer goods firm Adani Wilmar expects its sales volumes to grow around 10% next fiscal year, CEO Angshu Mallick said on Wednesday, counting on demand from 10-minute grocery delivery apps and a tax cut-led revival in urban spending. Top executives in sectors including consumer goods and automobiles expect India's plans to cut personal income tax rates to put more disposable income in the hands of the people and eventually boost consumption. "Whenever consumers have excess money, we have found they first go and buy good food," Mallick told Reuters, adding Adani Wilmar's food business would grow over 20% for the financial year ending March 2026.