Date: October 5, 2026
Operational Performance Summary
AWL Agri Business Limited delivered 12% year-over-year volume growth and 24% year-over-year revenue growth during Q2 FY27 (quarter ended September 30, 2026). The growth was led by strong momentum in the Food & FMCG portfolio and Industry Essentials segment, while the Edible Oil business delivered steady volume growth.
Segment-wise Performance
Food & FMCG
- Delivered 33% YoY revenue growth during the quarter
- Crossed ₹2,000 crore of quarterly revenue for the first time, marking highest-ever quarterly revenue
- Wheat and Rice businesses delivered robust growth
- Categories including Besan, Pulses, Soya Nuggets, Sugar, Sattu and Poha now contribute more than 35% to the Food portfolio and delivered around 50% YoY revenue growth
- Fortune Pulses scaled rapidly with quarterly revenue crossing ₹100 crore
Edible Oil
- Recorded 3% YoY volume growth during the quarter
- Healthy performance in domestic oils, particularly Mustard Oil and Rice Bran Oil
- Government implemented standardized pack sizes for edible oils effective September 2026, phasing out grammage play in the industry
- Government reduced import duties on soyabean, sunflower and palm oil on 23rd September 2026
Industry Essentials
- Recorded 25% YoY volume growth during the quarter
- Driven by broad-based growth across Oleochemicals, Castor and De-oiled Cakes
- Oleochemicals & Specialty Chemicals remains a key focus area
Channel Performance
Alternate Channels
- Comprising E-Commerce, Quick Commerce and Modern Trade
- Delivered double-digit growth during the quarter
- Within Food & FMCG, key categories delivered 40% YoY growth across E-Commerce and Quick Commerce
- Market shares: 10%+ in Atta, 25%+ in Besan, 40%+ in Soya Nuggets, and 15-20% across Sugar, Suji and Poha
- Improved execution metrics including product fill rate and customer retention
Other Channels
- Branded Exports: 59% YoY volume growth
- HoReCa: 21% YoY growth during the quarter
Product Development & Portfolio Expansion
- Launched Fortune Yellow Mustard Oil during the quarter
- Recent launches scaling well: Sharbati Atta, Multigrain Atta, Double Roasted Suji, Fortune Premio Olive Oil, Fortune Premio Cold-Pressed Mustard Oil
- GD Foods (Tops) expanded portfolio with launch of Chilli Oil and Multigrain Choco Flakes
Subsidiaries Performance
GD Foods (Tops)
- Sauces & Condiments business delivered strong revenue growth of 30%+ YoY during Q2 FY27
- Emerging categories including Noodles, Vermicelli, Jams and Instant Mixes scaling well with healthy growth
Omkar Chemicals
- Focused on Specialty Chemicals
- Delivered strong volume growth of 16% YoY during the quarter
Company Background
AWL Agri Business Ltd. is one of India's largest Food & FMCG companies offering essential kitchen staples including edible oils, wheat flour, rice, pulses, and sugar. The company serves 135 million households (1 in 3 Indian families) with 24 manufacturing facilities across 11 states, including India's largest single-location refinery in Mundra (5,000 tons per day capacity). The supply chain includes 110+ stock points, over 10,000 distributors and sub-distributors, and a retail network of 2.6 million outlets. The company also serves HoReCa and institutional consumers with specialized products and has expanded into Home & Personal Care segment.