AWL Agri Business Limited has appointed Pankaj Goyal as its Chief Financial Officer, effective July 31, 2026. The Board of Directors approved the appointment during a meeting held on July 30, 2026, acting on recommendations from both the Audit Committee and the Nomination and Remuneration Committee. This move formalizes Goyal's leadership in the finance function, transitioning him from his position as Interim CFO to a permanent Key Managerial Personnel role.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026, in its filing to the Bombay Stock Exchange and the National Stock Exchange of India Limited. The Board meeting commenced at 4:00 PM IST and concluded at 5:10 PM IST.

Appointment Details

Pankaj Goyal will serve as the Chief Financial Officer on a full-time employment basis. He had been serving as the Interim Chief Financial Officer prior to this confirmation. The appointment categorizes him as Senior Management Personnel under the company's governance structure.

Professional Background

Goyal is a Chartered Accountant by profession and has been associated with AWL Agri Business Limited since 2019, initially joining as Finance Controller. He brings over 23 years of extensive experience in financial accounting, taxation, governance framework implementation, mergers and acquisitions, business transformation, and financial planning. During his tenure at the company, Goyal has strengthened the controllership function, ensuring robust governance, compliance, and financial discipline across the organization. His broader association with the Adani Group dates back to 2009, where he contributed to various group companies, including Adani Ports and Special Economic Zone Limited and Adani Green Energy Limited, playing a key role in financial management and compliance.

Regulatory Compliance

The company confirmed that there are no disclosed relationships between directors regarding this appointment. Additionally, information required under Circular No. LIST/COMP/14/2018-19 and NSE/CML/2018/24 dated June 20, 2018, issued by the BSE and NSE respectively, is not applicable in this instance. The detailed disclosures, including Goyal's profile, are available on the company's website at www.awl.in .

AWL Agri Business Limited reported a consolidated net profit of ₹351.39 crore for the quarter ended June 30, 2026, marking a 47.7% year-on-year increase from ₹237.95 crore in Q1FY26. The company's consolidated revenue from operations rose 17.5% to ₹20,048.14 crore, supported by 7% underlying volume growth. Operating EBITDA nearly doubled year-on-year to ₹693 crore from ₹366 crore, with EBITDA margin expanding significantly to 3.46% from 2.14% in the same period last year. This performance underscores the effectiveness of its integrated operating model in driving profitable growth through volume expansion and disciplined cost management across Edible Oil, Food & FMCG, and Industry Essentials segments.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on July 30, 2026. The results were prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reviewed by S R B C & CO LLP, the statutory auditors. Shrikant Kanhere, MD & CEO, attributed the strong quarterly performance to robust execution, a favorable business mix, and continued scale-up in high-growth categories.

Key Financial Highlights

The following table summarizes the key financial metrics for the quarter:

Segment Performance

The Industry Essentials segment emerged as a key growth driver, with revenue jumping 28.1% year-on-year to ₹2,856.80 crore, while segment results surged 48.5% to ₹148.76 crore. The Food & FMCG segment saw revenue rise 22.1% to ₹1,726.48 crore, with EBITDA crossing ₹100 crore for the first time at ₹104 crore. Edible Oil revenue declined 11.7% quarter-on-quarter to ₹15,464.86 crore but remained 15.2% higher than Q1FY26, driven by improved pricing discipline despite temporary channel destocking.

Channel and Subsidiary Updates

Alternate Channels (E-commerce, Quick Commerce & Modern Trade) grew 27% year-on-year, with Last Twelve Months (LTM) revenues crossing ₹5,600 crore. Quick Commerce registered 56% year-on-year growth, outpacing overall market trends. The HoReCa business grew 30% year-on-year, while Branded Exports volumes doubled during the quarter. Subsidiary GD Foods reported 23% revenue growth, and Omkar Chemicals saw revenues rise 41% year-on-year with 18% underlying volume growth.

What the Numbers Show

The strong EBITDA expansion — nearly doubling to ₹693 crore from ₹366 crore year-on-year — significantly outpaced revenue growth of 17.5%, reflecting robust margin improvement as EBITDA margin widened to 3.46% from 2.14%. While total consolidated revenue fell 6.6% quarter-on-quarter to ₹20,048.14 crore from ₹21,464.78 crore, net profit increased 19.9% to ₹351.39 crore. This divergence was fueled by a significant improvement in segment results, which rose 19.2% to ₹526.53 crore, offsetting higher unallocable expenses. Additionally, the net impact of realized and unrealized losses on commodity derivatives stood at ₹67.29 crore, a marked improvement from the ₹104.47 crore gain recorded in the previous quarter, indicating stabilized hedging outcomes. Standalone net profit grew 47.7% year-on-year to ₹332.00 crore, with earnings per share increasing to ₹2.71 for the consolidated entity.