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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.
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Q1 25/26 earnings summary15 Jul, 2025

Executive summary

  • Q1 FY26 consolidated revenue rose 21% YoY to INR 17,059 crore, driven by edible oils and industry essentials, despite a 5% volume decline mainly 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% YoY, with margins lower than Q1 FY25 due to an exceptional prior year commodity cycle and custom duty cuts impacting edible oil margins.

  • Food & FMCG and Industry Essentials segments delivered strong profit growth, offsetting weaker edible oil performance.

  • Alternate channels, especially quick commerce and e-commerce, showed robust growth, with QCOM up 73% YoY and branded exports up 22%.

  • Recent acquisition GD Foods delivered INR 96 crore revenue in Q1 FY26, with operational synergies underway.

Financial highlights

  • Gross margin per ton at INR 11,121 and EBITDA per ton at INR 3,623; consolidated gross profit (normalized) was INR 1,757 crore.

  • PAT for Q1 FY26 stood at INR 238 crore, up 25% sequentially but down 24% YoY.

  • Edible oil revenue rose 26% YoY to INR 13,415 crore, driven by higher raw material prices.

  • Food & FMCG revenue at INR 1,414 crore, with segment PBT up 257% YoY to INR 75 crore.

  • Industry essentials segment posted 6% volume growth and 12% revenue growth to INR 2,230 crore, with PBT up 263% YoY to INR 100 crore.

Outlook and guidance

  • Expectation of improved edible oil sales and volumes in coming quarters as palm oil prices normalize and import duty changes take effect.

  • Food & FMCG business to maintain double-digit volume growth, with margins better than last year but not replicating Q1's high margin.

  • 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 capacities coming online.

  • Near-term outlook for Bangladesh business is moderate due to macroeconomic headwinds and proposed US tariffs.

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Q2 25/2624 Oct, 2025
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