AWL Agri Business Reports FY26 Revenue of ₹ 74,731 Crore, Driven by Strong Q4 Growth and Alternate Channels

AWL Agri Business Reports FY26 Revenue of ₹ 74,731 Crore, Driven by Strong Q4 Growth and Alternate Channels​

AWL Agri Business Ltd., formerly known as Adani Wilmar Ltd., today announced its consolidated and standalone audited financial results for the quarter and year ended March 31, 2026. The company reported robust annual revenue growth, driven by high consumer demand, particularly in edible oils and alternate channels.

The company achieved total revenue of ₹ 74,731 Crore in the fiscal year 2026 (FY26), marking a 17% Year-over-Year (YoY) growth, supported by underlying volume growth of 4%. For the fourth quarter (Q4 FY26), the revenue reached ₹ 21,465 Crore, reflecting an 18% YoY increase, backed by a strong underlying volume growth of 14%.

Key Financial Highlights​

The consolidated financial performance for the fiscal year ended March 31, 2026, showcased significant improvement in profitability and segment performance:


The overall operational performance was supported by a broad-based improvement in profitability across all segments.

Segment Performance Drivers​

The strong financial results were underpinned by robust growth across key vertical channels:

1. Edible Oil Segment
The Edible Oil business registered a volume growth of 17% YoY in Q4 FY26, fueled by improved consumer demand. This performance strengthened the company's market position, with its market share increasing to 18.6% in Q4 FY26, representing an improvement of 60 basis points. The segment also benefited from the introduction of a premium portfolio, 'Fortune Premio', which includes variants of Olive oil and cold-pressed Mustard oil.

2. Alternate Channels
The Alternate Channels segment (including E-com, Q-com, and Modern Trade) demonstrated substantial momentum. For the full year FY26, this segment recorded ₹ 5,200 Crore in revenue, a 47% YoY growth, with underlying volume growth of 33%. In Q4 FY26 alone, the channel delivered volume growth of 43% YoY. Key market shares remain strong, with Edible Oil and besan holding over 30% market share.

3. HoReCa and Branded Exports
The Hospitality, Restaurants, and Caterers (HoReCa) channel showed significant growth, with revenues crossing ₹ 750 Crore in FY26. This segment grew at 64% YoY during Q4 FY26. Concurrently, the Branded Exports business continued its upward trend, achieving revenues of ₹ 450 Crore for FY26, representing a 70% YoY growth and a 48% YoY volume increase in Q4 FY26.

4. Food & FMCG
The Food & FMCG segment reported a revenue growth of 18% in Q4 FY26, with a volume growth of 6% YoY. For the full year FY26, the segment generated revenue of ₹ 6,473 Crore, marking a value growth of 9% YoY. Profitability improved, with Profit Before Tax (PBT) reaching ₹ 212 Crore.

5. Other Specialized Businesses

• Industry Essentials: This segment recorded a 13% YoY volume growth and 11% YoY revenue growth in Q4 FY26.
• GD Foods (Sauces & Condiments): This business delivered strong momentum, achieving a 21% YoY revenue growth and 24% YoY volume growth in Q4.
• Omkar Chemicals: The company reported double-digit volume growth during the quarter. For FY26, revenues crossed ₹ 300 Crore, with volumes doubling over the year.

Operational and Distribution Strengthening​

Operationally, the company expanded its distribution footprint significantly, increasing its direct reach to over 9.65 lakh outlets during the year, which is an addition of more than 1 lakh outlets. Rural coverage also expanded, ensuring presence across over 63,000 towns. Management highlighted that the focus has shifted to improving throughput and execution capabilities across the network through targeted activation and route optimization.

Commenting on the results, Mr. Shrikant Kanhere, MD & CEO, AWL Agri Business Limited, stated that the company’s strong Q4 performance was supported by improving consumer demand and robust execution. He noted that after strengthening the distribution foundation, the focus is now on driving higher throughput and improving execution across the network. The CEO also highlighted the rapid scaling of Alternate Channels, HoReCa, and Branded Exports, alongside steady progress in the Food & FMCG portfolio.

AWL Stock Price Movement​

AWL Agri Business Limited shares today slipped by 0.32% to settle at ₹204.91 in after-hours trading. The stock traded on a notable volume of 2.71 million shares, suggesting investor movement as the market closed.