AWL Agri targets over 10% revenue growth in FY26, fueled by rising food demand
The growth outlook is anchored in strong monsoon performance, GST rationalization, and increased appetite for premium food products.
INDIA – AWL Agri Business Ltd, a leading player in the edible oils and food products sector, is projecting over 10% revenue growth for the fiscal year 2025-26, driven by robust consumer demand for food items and strategic expansion across its edible oil and FMCG segments.
The company, formerly known as Adani Wilmar Ltd., reported ₹63,672 crore (US$7.17B) in revenue for the last fiscal year and expects to surpass this figure significantly, according to Managing Director and CEO Angshu Mallick.
The growth outlook is anchored in strong monsoon performance, GST rationalization, and increased appetite for premium food products.
Mallick emphasized that while the edible oil segment continues to grow at a single-digit rate, the food business has been expanding at nearly 20% annually over the past three years.
“Food has a lot of scope to grow further,” he noted, citing evolving consumer preferences and rising disposable incomes.
AWL Agri’s food portfolio includes staples like rice, flour, pulses, and ready-to-cook items sold under the Fortune, Kohinoor, and Tops brands.
The company aims to sell 400,000 tonnes of rice this fiscal year, with rice alone contributing approximately ₹2,500 crore (US$281.57M) to its top line.
Kohinoor, acquired in recent years, has been growing at a rate of 15% annually, reflecting the brand’s resonance with younger, aspirational consumers seeking high-quality grains.
To support this momentum, AWL Agri has expanded its distribution network and production capacity, ensuring deeper market penetration and improved supply chain efficiency.
The company’s food and FMCG division generated ₹6,272.74 crore (US$706.33 M) last year and is expected to be a key driver of overall growth.
Despite a 24% dip in Q1 net profit, down to ₹237.95 crore (US$26.78M) due to higher operating costs, the company remains optimistic about full-year performance.
Mallick reaffirmed AWL Agri’s commitment to long-term investment in food innovation and brand development, positioning the firm as a leading player in India’s evolving packaged food landscape.
With the rising demand for clean-label, value-added, and premium food products, AWL Agri is well positioned to capitalize on shifting consumer trends and strengthen its foothold in both urban and rural markets.
In July this year, Wilmar International officially became the majority shareholder of India’s AWL Agri Business Limited.
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