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AWL’s highest Q1 ‘26 revenue recorded at Rs 17,059 crore, up by 21% YoY
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Thursday, 17 July, 2025, 13 : 00 PM [IST]
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Our Bureau, Mumbai
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AWL Agri Business ltd., experienced a challenging quarter due to a convergence of headwinds - muted consumer demand, strategic consolidation of regional rice operations, one-off G2G rice business in the base year, and fluctuations in edible oil prices. These dynamics led to a 5% YoY decline in overall volumes in Q1, with rice category being the key drag. Encouragingly, core categories delivered healthy volume growth, and revenue rose 21% YoY, driven by higher realisations in edible oil.
Q1 FY’26 revenue stood at Rs 17,059 crores, up 21% YoY. Segment-wise, revenue from Edible oils rose 26% YoY, and Industry Essentials posted a 12% increase. Food & FMCG revenue declined by 8% as it was impacted by the consolidation of non-basmati rice business, one off G2G rice business in base year and lower rice exports.
On an LTM basis the Company delivered operating EBITDA of Rs 2,384 crores. In Q1 FY’26, operating EBITDA stood at Rs 519 crores and Profit After Tax (PAT) at Rs 238 crores.
On the distribution front, direct retail reach grew 18% YoY to 8.7 lakh outlets, with rural town coverage of around 55,000 — a tenfold rise from FY’22. Having achieved the rural reach target of 50,000 towns, the company now primarily focused on driving higher throughput from the newly added towns and outlets.
Alternate channels generated over Rs 3,900 crores in revenue in LTM Jun ‘25, led by strong volume growth in Quick Commerce, with Q1 growth of ~75%. This reflects the impact of continued improvements in assortment, availability, and promotional strategies.
Angshu Mallick, MD & CEO, AWL Agri Business Ltd (formerly known as Adani Wilmar Ltd), said, “The company witnessed a temporary volume decline, primarily influenced by the consolidation of its regional rice operations and muted consumer demand. Encouragingly, the core categories delivered healthy volume growth, and revenue rose 21% YoY, driven by higher edible oil realisations. We also delivered healthy profits in LTM Jun ‘25 with operating EBITDA of Rs 2,384 crores and PAT of Rs 1,151 crores, nearing our highest-ever rolling 12-months profits, despite the headwind of custom duty cuts on edible oils. Our focus on improving the profitability in the Food & FMCG segment has led to highest-ever PBT of 75 crores in Q1, with PBT margin of 5.3%. The reduction in customs duty on crude edible oils is expected to positively impact domestic refiners by boosting sales and curbing refined oil imports from both SAARC nations and edible oil producing countries. Additionally, the normalisation of palm oil prices is likely to support volume growth in the coming quarters. In the rice business, we delivered a strong turnaround in Q1, achieving double-digit volume growth in our Basmati business along with improved overall profitability in the rice portfolio.”
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