AWL Agri Business reports mixed financial results for Q2 FY26
This robust top-line growth was driven by volume expansion and strength in the edible oils and industry essentials segments.
INDIA – AWL Agri Business Ltd, a leading player in the edible oils and food products sector, reported mixed financial results for the second quarter ended September 2025.
The company, formerly known as Adani Wilmar Ltd., posted a strong 21.8% increase in revenue, reaching ₹17,604.57 crore (US$198.56M) compared to ₹14,552.04 crore (US$164.13M) in the same period last year.
AWL Agri targeted over 10% revenue growth in FY26, fueled by robust consumer demand for food items and strategic expansion across its edible oil and FMCG segments.
This robust top-line growth was driven by volume expansion and strength in the edible oils and industry essentials segments.
Despite the revenue surge, the agribusiness firm faced pressure on profitability, with net profit declining 21.3% year-on-year to ₹244.85 crore (US$27.61M), down from ₹311.02 crore (US$35.07M) in Q2 FY25.
The contraction in net profit is attributed to heightened operating expenses, including increased raw material costs, finance charges, and employee benefit expenses, which diminished the bottom line despite higher sales.
In terms of operational performance, Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) rose 22.9% to ₹688 crore (US$77.5M).
However, the EBITDA margin contracted slightly to 3.91% from 3.93% in the previous year, reflecting ongoing margin pressures from inflationary input costs and competitive pricing in the FMCG and edible oils markets.
Breaking down the segments, edible oils recorded a 26% revenue increase, highlighting continued consumer demand.
Conversely, the Food and FMCG segment saw a 2% revenue decline, mainly due to lower non-branded rice exports and the consolidation of the non-basmati rice business.
Industry essentials grew 19%, contributing to the overall top-line expansion.
AWL Agri Business also reported sequential improvement in net profit from the previous quarter, with a 2.9% increase from ₹237.95 crore (US$26.85M) in Q1 FY26 to ₹244.85 crore (US$27.63M) in Q2 FY26, indicating some stabilization in profitability.
The company’s net profit margin declined to 1.29% from 1.95% in the corresponding quarter of FY25.
During this period, the company announced key senior management changes effective November 4, including the redesignation of Kuok Khoon Hong from Non-Executive Vice-Chairman to Non-Executive Director, signaling some strategic leadership realignment.
AWL Agri Business demonstrated strong revenue growth, driven by volume gains, but faced margin and profit pressures due to rising costs and challenging market dynamics.
The company continues to invest in operational efficiencies and strategic adjustments to navigate these headwinds while maintaining expansion in its core edible oils and agribusiness segments.
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