AWL Agri Business Q1 FY26 Update: Revenue Jumps 21% Despite Volume Dip, Branded Exports Up 22%

Ahmedabad, July 4, 2025 – AWL Agri Business Ltd (NSE: AWL, BSE: 543458), formerly Adani Wilmar Ltd, shared the preliminary update on its standalone performance. Due to muted demand and strategic portfolio restructuring, the overall volumes declined 4% YoY. However, despite the dip, the company reported a 21% YoY increase in revenue for the first quarter of FY26, driven by stronger edible oil realizations.

The company clarified that a detailed disclosure of financial results and earnings presentation will be made once the board of directors approves the financial results for the quarter.

The stock was trading at ₹256.85, up 0.08% by 11:12 AM IST today, reflecting muted movement in the early session.

Key Financial & Segment Highlights

Source: Company’s internal update, subject to final book closure

Business Performance Overview

Edible Oil

Despite a 2% decline in edible oil volume due to palm oil headwinds, branded oils (excluding palm) registered modest growth. The company cited volatility in crude oil prices and a reduction in customs duties, which prompted a destocking of trade. However, reduced import duties have strengthened the competitive position of domestic refiners. Normalizing palm oil prices toward the quarter-end suggests improving trends in the future.

Food & FMCG

Revenue (excluding G2G rice sales) dropped 2% YoY, with regional rice consolidation and higher brand premiums in wheat flour affecting volumes. Basmati rice volumes rose in double digits due to enhanced distribution and portfolio alignment. The company introduced value-added flours and double-roasted semolina in South India to boost margin and market share.

Industry Essentials

The segment delivered strong growth, with volumes up 9% YoY, led by robust performance in the de-oiled cake business. Revenue crossed ₹2,000 crore for the quarter. AWL remains India’s top castor oil exporter and continues to expand into new global territories.

Channel Strategy & Export Performance

• Quick Commerce: Delivered 75% YoY growth in Q1, highlighting growing consumer affinity for AWL products online.
• Alternate Channels (Modern Trade, e-B2B, Quick Commerce): Contributed over ₹3,900 crore over the last 12 months.
• Branded Exports: Volumes grew 22% YoY on an LTM basis, crossing ₹300 crore in revenue.
• Rural Reach: The company achieved coverage of 50,000 towns, with a focus now on boosting throughput from new outlets.

Marketing & Branding

A digital collaboration with Sourav Ganguly and Chef Sanjyot Keer on Fortune Soya Chunks amassed over 10 million views and 3 million impressions, reinforcing brand salience in the protein-rich food category.

Outlook

AWL Agri Business’s strong preliminary update has supported investor sentiment, though muted demand capped immediate price action. Markets now await detailed Q1 results for further cues, with focus on profitability trends and growth in high-margin segments likely to guide near-term momentum.

Company Overview

AWL Agri Business Ltd is one of India’s largest Food & FMCG players, offering a wide range of essential kitchen staples under the Fortune brand. With 24 manufacturing units across 11 states, including the country’s largest single-site refinery in Mundra, AWL’s distribution spans 2.1 million retail outlets. The company also serves the HoReCa (Hotel, Restaurant and Catering/Cafe) and institutional sectors and has expanded into home & personal care products.

REF: https://nsearchives.nseindia.com/corporate/AWL_03072025200839_SEQuarterlyupdatesletter.pdf

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