The company posted a net profit of Rs 237.95 crore in the first quarter of the current fiscal year, as compared to Rs 313.2 crore in Q1FY25
Hit by muted consumer demand, strategic consolidation of regional rice operations and fluctuations in edible oil prices, AWL Agri Business (formerly Adani Wilmar) has reported a 24 per cent year-on-year dip in its consolidated net profit in the first quarter of the current financial year (Q1FY26).
The company posted a net profit of Rs 237.95 crore in Q1FY26 as compared to Rs 313.2 crore in the corresponding quarter of the previous fiscal year (Q1FY25). The financial results of the company revealed that the revenue from operations increased from Rs 14,153.85 crore in Q1FY25 to Rs 17,058.65 crore in the recently concluded quarter.
“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 per cent YoY, driven by higher edible oil realisations,” highlighted Angshu Mallick, Managing Director and Chief Executive Officer(CEO), AWL Agri Business.
The operating earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 519 crore in Q1FY26, the company said in a regulatory filing. There was a 5 per cent YoY decline in overall volumes in Q1, with the rice category being the key drag. Encouragingly, core categories delivered healthy volume growth, and revenue rose 21 per cent YoY, driven by higher realisations in edible oil.
Food and fast-moving consumer goods (FMCG) revenue declined by 8 per cent as it was impacted by the consolidation of non-basmati rice business, one-off G2G rice business in the base year and lower rice exports.
On the distribution front, the company’s direct retail reach grew 18 per cent YoY to 8.7 lakh outlets, with rural town coverage of around 55,000, a tenfold rise from FY22. Alternate channels generated over Rs 3,900 crore in revenue in LTM June 25, led by strong volume growth in quick commerce, with Q1 growth of around 75 per cent.
