AWL Agri Business delivered mid-single digit volume growth during the quarter ended June 30, 2026, supported by strong momentum across its Food & FMCG portfolio, Alternate Channels, and Industry Essentials segments. The company's Alternate Channels and Industry Essentials segments sustained outperformance, contributing to the overall positive trend. This preliminary update precedes the detailed disclosure of financial results, which will follow the Board of Directors' approval of the consolidated and standalone results for the quarter.

Food & FMCG Performance

The Food & FMCG division delivered over 20% year-on-year (YoY) revenue growth, with underlying volume growth exceeding 17%. Rice continued its strong trajectory with revenue growth of over 40% YoY, while Wheat Flour showed signs of recovery. The company's Food portfolio, excluding Wheat and Rice — which includes pulses, besan, soya nuggets, sugar, poha, and personal care products — scaled well with a 25% YoY revenue increase. During the quarter, the company entered a brand licensing arrangement for the Madhur brand to further strengthen its multi-category offerings.

Segment-wise Growth

The following table summarises performance across key business segments during the quarter:

The Edible Oil business saw revenue growth of 13% YoY, though volumes remained largely flat due to cautious trade inventory building amidst geopolitical events. The Alternate Channel within this segment, however, grew in low teens by volume. Industry Essentials recorded robust growth, driven by high-teen volume expansion in Oleochemicals & Specialty Chemicals and healthy performance in castor and de-oiled cakes.

Channel Expansion

Alternate Channels, comprising E-Commerce, Quick Commerce, and Modern Trade, grew 27% YoY, significantly outpacing the broader industry. On a Trailing Twelve Month (TTM) basis, these channels have scaled to approximately ₹5,600 crore of revenue. Quick Commerce delivered significantly high double-digit growth. The company expanded its direct retail reach to approximately 9.7 lakh outlets, an addition of over 1 lakh outlets compared to Q1 FY26.

Subsidiary Performance

Subsidiaries continued to deliver healthy growth during the quarter. GD Foods, operating the Tops brand, recorded over 20% YoY revenue growth with underlying volume growth of 19%. Omkar Chemicals also reported an 18% YoY revenue increase.

AWL Agri Business has added 'Madhur' sugar to its portfolio, expanding its range of trusted food brands for Indian households. The company, which owns brands like Fortune and Kohinoor, aims to leverage its extensive distribution network to grow the newly acquired sugar brand. This move reinforces AWL Agri Business's position as one of India's largest food and FMCG companies.

Expansion of Food Portfolio

The inclusion of 'Madhur' sugar represents a significant broadening of AWL Agri Business's consumer product offerings. Madhur Sugar, launched in 2007 by Shree Renuka Sugars Limited, is recognized for its 100% pure and hygienic processing standards. By bringing this brand under its umbrella, the company aims to cater more comprehensively to the everyday food needs of Indian households.

Strengthening FMCG Presence

Mukesh Mishra, Joint President, Sales and Marketing, AWL Agri Business Limited, stated that the addition complements the company's portfolio of trusted household staples. Backed by strong manufacturing capabilities and deep market expertise, AWL Agri Business plans to extend Madhur's reach across the country. The company reaches more than 135 million households through an extensive distribution network spanning urban and rural markets.

The addition of 'Madhur' sugar to AWL Agri Business's product range marks a notable step in the company's evolution as a comprehensive food and FMCG enterprise.