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AWL Agri Business Q1 profit rises 48 per cent on higher edible oil sales
Revenue crosses Rs 20,000 crore as edible oil business powers earnings
MUMBAI: AWL Agri Business has found fresh fuel in its cooking oil business, serving up a stronger first quarter despite softer sequential sales. The FMCG and food company, formerly known as Adani Wilmar, reported robust growth in revenue and profit for the quarter ended June 2026, driven by a sharp improvement in its core edible oil business and stronger contributions from its industry essentials segment.
Revenue from operations rose 17.5 per cent year on year to Rs 20,048.14 crore, compared with Rs 17,058.65 crore in the corresponding quarter last year.
Including other income of Rs 68.77 crore, total income increased to Rs 20,116.91 crore, up from Rs 17,264.74 crore a year ago.
The company reported profit before tax of Rs 478.48 crore, registering a 51 per cent jump from Rs 316.78 crore in the first quarter of FY26.
After a tax expense of Rs 127.09 crore, net profit climbed 47.7 per cent to Rs 351.39 crore, compared with Rs 237.95 crore in the year-ago period.
Total comprehensive income stood at Rs 349.13 crore, up from Rs 236.01 crore a year earlier.
Operating costs also increased alongside business growth. Total expenses rose to Rs 19,658.02 crore from Rs 16,954.14 crore in the corresponding quarter last year.
The company spent Rs 18,726.84 crore on raw materials, while employee benefit expenses increased to Rs 180.91 crore from Rs 149.83 crore. Finance costs rose to Rs 186.20 crore, while depreciation and amortisation expenses increased to Rs 116.97 crore.
Among business segments, edible oils continued to dominate, generating Rs 15,464.86 crore in revenue, up from Rs 13,414.72 crore a year ago. Segment profit surged to Rs 305.62 crore, compared with Rs 181.20 crore in the corresponding quarter.
The Food & FMCG business reported revenue of Rs 1,726.48 crore, up 22.1 per cent year on year from Rs 1,414.05 crore, although segment profit edged lower to Rs 72.15 crore from Rs 74.50 crore.
The Industry Essentials segment delivered the strongest turnaround. Revenue rose 28.1 per cent to Rs 2,856.80 crore, while segment profit more than doubled to Rs 148.76 crore from Rs 70.15 crore a year ago.
The company’s balance sheet also expanded significantly. Total assets increased to Rs 28,885.13 crore from Rs 23,780.20 crore a year earlier, while total liabilities rose to Rs 18,113.11 crore from Rs 14,114.93 crore, reflecting continued investment in business expansion.
Reflecting the stronger profitability, basic and diluted earnings per share improved to Rs 2.71, up from Rs 1.83 in the corresponding quarter last year.
During the quarter, AWL also expanded its portfolio through the integration of G.D. Foods Manufacturing (India) Private Limited, the maker of the Tops brand, along with Tops Food & Beverages Trading L.L.C. in the UAE, strengthening its packaged foods business and international presence.
The results indicate that AWL Agri Business is broadening its growth story beyond edible oils. While its flagship oils business remains the earnings engine, rising contributions from packaged foods and industry essentials suggest the company is steadily diversifying into a more balanced consumer and agri-business portfolio.
