AWL Agri Business April-June Volume Down On Year; Revenue Up

AWL Agri Business Ltd., formerly Adani Wilmar, said its overall sales volume declined 4% in the April–June quarter due to weak rice volumes, even as revenue rose 21% on year, aided by improved realisations in edible oils.

The edible oil segment saw a 2% drop in volumes, largely from subdued palm oil sales. Branded edible oils excluding palm, however, posted low single-digit growth, with mustard oil continuing to perform well. Edible oil sales revenue jumped 28% on year, and the company expects this momentum to continue.

Its food and FMCG segment reported a 21% fall in volumes and a 13% drop in revenue, while the industry essentials segment crossed ₹20 billion in revenue, up 15% on year, supported by a 9% growth in volumes led by the de-oiled cake category.

Quick commerce sales grew 75% in the quarter, while branded exports volume rose 22% on year over the last 12 months, breaching ₹3 billion in revenue. The company cited muted consumer demand, rationalisation of rice operations, and a halt in G2G rice sales as key challenges during the quarter.