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AWL Agri Business (AWL) investor relations material
AWL Agri Business Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY26 consolidated revenue rose 21% year-over-year to INR 17,059 crore, driven by edible oils and industry essentials, despite a 5% volume decline due to the absence of last year's G2G rice business and sluggish palm oil sales.
EBITDA for Q1 FY26 was INR 572 crore, up 12% sequentially but down 16% year-over-year, with margins lower due to a high base and custom duty cuts impacting edible oil.
Food & FMCG and Industry Essentials segments delivered strong profit growth, offsetting weaker edible oil performance; quick commerce sales volume up 73% year-over-year.
Recent acquisition GD Foods delivered INR 96 crore revenue, up 9% year-over-year, with operational synergies and integration underway.
Board approved and released unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, with no material misstatements found by auditors.
Financial highlights
Consolidated EBITDA for the last 12 months consistently above INR 2,000 crore; Q1 EBITDA per ton at INR 3,623 and gross margin per ton at INR 11,121.
Edible oil revenue rose 26% to INR 13,415 crore, driven by higher raw material prices.
Food & FMCG revenue at INR 1,414 crore, with double-digit growth in pulses, besan, soya nuggets, and sugar.
Industry essentials segment posted 6% volume growth and 12% revenue growth, with 100% capacity utilization.
PAT for Q1 FY26 stood at INR 238 crore, up 25% sequentially but down 24% year-over-year.
Outlook and guidance
Expectation of improved edible oil sales in coming quarters as palm oil prices normalize and import duty changes favor domestic refiners.
Food & FMCG segment to continue margin improvement and market share gains, especially in wheat flour and branded basmati rice.
Industry Essentials segment to sustain profitability, leveraging de-oiled cake and oleochemicals.
Targeting INR 10,000 crore food and FMCG revenue by FY27 exit, with new capacity additions in wheat flour and rice.
Near-term outlook for Bangladesh business is moderate due to macroeconomic headwinds and proposed US tariffs.
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