Date: July 3, 2026

Business Performance Update (Q1 FY27)

The Company delivered mid-single digit volume growth during Q1 FY27 (quarter ended June 30, 2026). The performance was supported by momentum in the Food & FMCG portfolio, sustained outperformance in Alternate Channels, and healthy growth in Industry Essentials.

Food & FMCG Segment

  • Delivered 20%+ YoY revenue growth with underlying volume growth of 17%+
  • Rice business recorded revenue growth of 40%+ YoY
  • Wheat Flour business continued to recover
  • Food portfolio excluding Wheat and Rice (including pulses, besan, soya nuggets, sugar, poha, and personal care products) delivered 25% YoY revenue growth
  • Entered a brand licensing arrangement for the Madhur brand during the quarter

Edible Oil Segment

  • Recorded 13% YoY revenue growth
  • Volumes remained broadly flat during the quarter
  • Geopolitical events impacting commodity prices caused trade caution in building inventories, affecting primary sales in general trade during latter part of quarter
  • Within Alternate Channel, the segment grew in low teens (volume)

Industry Essentials Segment

  • Recorded 14% YoY volume growth
  • Recorded 30% YoY revenue growth
  • Performance supported by robust demand across Oleochemicals & Specialty Chemicals portfolio, which delivered high-teen volume growth
  • Healthy performance across castor and de-oiled cakes

NPD & Health & Convenience Portfolio

  • Premium category products (Fortune Sharbati Atta, Fortune Multi Grain Atta, Fortune Premio Olive Oils, Fortune Premio Cold Pressed Oils) witnessing encouraging consumer response
  • Expanding Health & Convenience portfolio including soya Nuggets, brown rice, biryani kit (RTC), rice bran oil, cold pressed mustard oil, and olive oil

Alternate Channels Performance

  • Alternate Channels (E-Commerce, Quick Commerce & Modern Trade) delivered 27% YoY growth
  • Quick Commerce remained one of the fastest-growing channels with significantly high double-digit growth
  • On Trailing Twelve Month (TTM) basis, Alternate Channels scaled to approximately ₹5,600 crore revenue
  • Company holds double digit market shares across major E-Commerce and Quick Commerce platforms in several Food categories including Wheat Flour and Rice

Other Channels Performance

  • Branded Exports delivered 87% YoY growth during the quarter
  • HoReCa registered 31% YoY growth, supported by increasing penetration across hotels, restaurants and institutional customers

Distribution & GTM

  • Expanded direct retail reach to approximately 9.7 lakh outlets, an addition of over 1 lakh outlets compared to Q1 FY26
  • Multiple initiatives aimed at improving distribution efficiency and market execution

Subsidiaries Performance

  • GD Foods (operates Tops brand) delivered 20%+ YoY revenue growth with underlying volume growth of 19%
  • Omkar Chemicals recorded 18% YoY revenue growth

Company Background

AWL Agri Business Ltd. is one of India's largest Food & FMCG companies with:

  • 24 manufacturing facilities across 11 states
  • India's largest single-location refinery in Mundra (5,000 tons per day capacity)
  • 110+ stock points
  • Over 10,000 distributors and sub-distributors
  • Retail network of 2.6 million outlets
  • Serves 135+ million households (every 1 in 3 Indian families)