AWL Agri Business (formerly Adani Wilmar Limited) announced a 24% YoY revenue increase in Q2 FY26, driven by edible oils and the Industry Essential segment. The company recorded a 5% YoY volume growth. Strong double-digit volume growth was seen in Basmati Rice, Pulses & Besan, Sugar, and Poha. Sales from alternate channels surpassed INR 4,400 crores over the last twelve months.
Q2 FY26 Performance Overview
AWL Agri Business reported a 24% YoY revenue increase for Q2 FY26, along with a 5% YoY volume growth. The growth was primarily driven by the edible oils and Industry Essential segments. The company saw sequential gains during the quarter and remains optimistic about continued momentum.
Segment Highlights
Basmati Rice, Pulses & Besan, Sugar, and Poha experienced strong double-digit volume growth during the quarter. Most Food & FMCG products demonstrated solid volume gains.
Quick commerce sales maintained strong momentum, with 86% YoY volume growth. Overall revenue from alternate channels (MT + Ecom) surpassed INR 4,400 crores over the last twelve months. The company estimates its market share in e-commerce to be around 50% in Soya oil, 40% in Mustard oil, and 30% in besan.
Branded edible oils & foods exports continued to grow well, registering volume and value growth of around 40% YoY on an LTM basis.
Strategic Initiatives
The company is focused on enhancing throughput in the General Trade channel by boosting salesman efficiency and integrating technology. Micro fulfillment centers are being rolled out to enhance rural distribution, enabling direct deliveries to small distributors within 4 to 5 hours.
Sustainability Efforts
To mark National Nutrition Month, Fortune launched ‘Har Ghar SuPoshan’, a campaign to raise awareness about malnutrition by sharing healthy recipes.
Edible Oil Category
Edible oils saw a volume increase of nearly 4% YoY. Branded products volume also achieved low single-digit growth. In Q2, imports from certain SAARC countries declined, supporting sales growth. Palm oil sales improved after two weak quarters. The Company introduced a 750ml pack size in response to the grammage war in Soya oil and have seen encouraging sales traction.
New messaging highlighting ‘17% less oil absorption‘ was launched for Sunflower oil in South India. A new TVC for Fortune Rice Bran Oil showcased Oryzanol’s cholesterol-lowering benefits.
Food & FMCG Category
The segment recorded a strong 20% QoQ volume growth (Q2 vs Q1) and posted its highest-ever quarterly revenue. Excluding G2G business, Q2 Food & FMCG volumes rose 1% on a YoY basis. Wheat flour revenue grew mid-single digits.
Industry Essentials
The Industry Essentials volume grew by almost 22% YoY driven by the strong growth in oleochemicals and de-oiled cake business.
Sales Performance (Excluding G2G Rice Business)
| Business Segment | Volume | Value |
| Edible Oil | 4% | 29% |
| Food & FMCG | 1% | 0% |
| Industry Essentials | 22% | 21% |
| Standalone | 7% | 25% |
Sales Performance (Reported)
| Business Segment | Volume | Value |
| Edible Oil | 4% | 29% |
| Food & FMCG | (8%) | (6%) |
| Industry Essentials | 22% | 21% |
| Standalone | 5% | 24% |
Source: BSE
