AWL Agri Business LimitedQ1 FY27 Results & Financial Update
AWL Agri Business Limited: Q1 FY27 consolidated results and company financials – revenue ₹20,048.14 Cr, PAT ₹351.39 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
AWL Agri Business price & chart
Quarter overview
Quarterly earnings analysis
AWL Agri Business Limited reported consolidated revenue of INR 20,048.14 crore for the quarter ended June 30, 2026 (Q1 FY27), reflecting broad-based operational growth driven by a 7% underlying volume growth (UVG) year-on-year.
Operating EBITDA for the quarter reached INR 693 crore, marking a 34% increase compared to the same period in the previous year, supported by disciplined cost execution, improved product mix, and favorable segment contributions.
Profit After Tax (PAT) expanded strongly by 48% year-on-year to INR 351.39 crore, demonstrating enhanced earnings quality and robust margin realization across primary product categories despite volatile commodity environments.
The Food & FMCG business crossed INR 1,700 crore in quarterly revenue, growing 22% year-on-year with segment EBITDA exceeding INR 100 crore, helped by strong performance in rice, pulses, sugar, and packaged food categories.
Alternate channels, including e-commerce, quick commerce, and modern trade, maintained strong momentum with a 27% year-on-year increase, while quick commerce registered standout growth of 56% year-on-year.
The Edible Oil segment recorded 2% year-on-year volume growth to 0.98 MMT, maintaining stable market leadership and healthy per-ton profitability despite temporary channel destocking amid global price fluctuations.
Industry Essentials delivered strong operational performance with a 28% increase in revenue and 13% volume growth, driven by double-digit expansion in the Oleochemicals and Specialty Chemicals division.
01 · Business model
What does AWL Agri Business do?
AWL Agri Business Limited (formerly known as Adani Wilmar Limited) is a leading Food and FMCG company in India offering a diverse portfolio of kitchen essentials including edible oils, wheat flour, rice, pulses, and sugar under flagship brands such as Fortune and Kohinoor.
The company operates 24 manufacturing facilities across 11 states, featuring India's largest single-location refinery in Mundra with a capacity of 5,000 tons per day, supported by an extensive supply chain comprising over 110 stock points and 10,000 distributors.
Beyond retail consumers, AWL serves the HoReCa and institutional sectors with staple foods, bakery and lauric fats, castor oil derivatives, oleochemicals, and value-added soya products, while also expanding into Home and Personal Care (HPC) offerings.
The company reaches roughly 2.6 million retail outlets and commands a strong household presence across urban and rural markets throughout India.
02 · Historical context
What shaped the business before this quarter
Previously known as Adani Wilmar Limited, the company transitioned its corporate identity to AWL Agri Business Limited to better reflect its expansive agricultural and FMCG scope.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹20,048.14 Cr |
| Total income | ₹20,116.91 Cr |
| Profit before tax | ₹458.89 Cr |
| Profit after tax | ₹351.39 Cr |
| EPS | ₹2.71 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Food & FMCG revenue grew 22% year-on-year to INR 1,726 crore, with rice emerging as the fastest-growing category exceeding 40% year-on-year growth.
Industry Essentials revenue grew 28% year-on-year to INR 2,857 crore, propelled by a 13% volume increase and robust demand for oleochemicals.
Edible Oil segment revenue reached INR 15,465 crore, up 15% year-on-year on the back of strong demand for palm and mustard oils.
What drove margins
Edible Oil EBITDA per ton expanded by 30% year-on-year to INR 5,030, supported by improved pricing discipline and premiumization.
Food & FMCG maintained an EBITDA margin of 6% while continuing investments in brand building, trade promotions, and distribution expansion.
Oleochemicals & Specialty Chemicals sustained high single-digit EBITDA margins, contributing positively to overall segment profitability.
05 · Demand, customers & order book
Where demand is coming from
Direct retail reach expanded by over 100,000 outlets year-on-year, with total direct outlets exceeding 9.70 lakhs.
Alternate channels (E-commerce, Quick Commerce, and Modern Trade) crossed INR 5,600+ crore on a Last Twelve Months (LTM) basis.
HoReCa business delivered 30% year-on-year growth, driven by stronger customer off-take and broader geographic distribution.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Clocked revenue of INR 1,726 crore with segment EBITDA crossing INR 100 crore and underlying volume growth of 18% year-on-year.
Delivered 0.98 MMT in volume with segment revenue at INR 15,465 crore, maintaining resilient profitability despite global edible oil price volatility.
Achieved volume of 0.41 MMT and revenue of INR 2,857 crore, with the oleochemicals business representing about 40% of segment revenue.
Geography and market mix
Rural town coverage remained strong across more than 63,000 towns, cementing the company's pan-India distribution reach.
Branded exports volumes doubled during the quarter, supported by accelerated distribution expansion and market activation across key international geographies.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The company is expanding its oleochemicals manufacturing capacity in Southern India to strengthen its value-added product portfolio.
08 · Strategy & new businesses
How the company is trying to change its growth mix
GD Foods (Tops sauces and condiments) reported 23% year-on-year revenue growth, while Omkar Chemicals recorded 41% revenue growth with 18% volume growth.
09 · Reported developments
What changed operationally
Consolidated PAT surged 48% year-on-year to INR 351.39 crore, reflecting strong execution, disciplined cost management, and favorable business mix.
10 · Pressure points & risks
What is not going smoothly
Edible oil segment witnessed temporary channel destocking during the quarter due to fluctuations in global edible oil prices.
11 · Key Q&A
The quarter, answered directly
What does AWL Agri Business do?
AWL Agri Business Limited (formerly known as Adani Wilmar Limited) is a leading Food and FMCG company in India offering a diverse portfolio of kitchen essentials including edible oils, wheat flour, rice, pulses, and sugar under flagship brands such as Fortune and Kohinoor.
What is the clearest takeaway from Q1 FY27?
AWL Agri Business Limited reported consolidated revenue of INR 20,048.14 crore for the quarter ended June 30, 2026 (Q1 FY27), reflecting broad-based operational growth driven by a 7% underlying volume growth (UVG) year-on-year.
What drove revenue or demand?
Food & FMCG revenue grew 22% year-on-year to INR 1,726 crore, with rice emerging as the fastest-growing category exceeding 40% year-on-year growth.
What mattered most for margins or profitability?
Edible Oil EBITDA per ton expanded by 30% year-on-year to INR 5,030, supported by improved pricing discipline and premiumization.
What changed operationally beyond the headline numbers?
The company is expanding its oleochemicals manufacturing capacity in Southern India to strengthen its value-added product portfolio.
What are the main pressure points disclosed for the quarter?
Edible oil segment witnessed temporary channel destocking during the quarter due to fluctuations in global edible oil prices.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Food Segment Scale: Monitor the scaling of the Food & FMCG segment and the progress of manufacturing capacity expansion in Southern India.
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