AWL Agri Business Ltd. , formerly known as Adani Wilmar Ltd., has received a significant regulatory approval for its recent deal with Lence Pte Ltd. The Competition Commission of India (CCI) has given its nod to the transaction, marking a crucial step forward in the process.

Deal Overview

The approved transaction involves a share purchase agreement (SPA) between Adani Commodities LLP (ACL), Adani Enterprises Limited, and Lence Pte Ltd. Under this agreement:

• Lence will purchase up to 20.00% of AWL Agri Business's issued and paid-up equity share capital from ACL.
• The deal involves a minimum of 11.00% and a maximum of 20.00% of the company's shares.
• The final number of shares to be determined by Lence.

Key Details of the Transaction

Regulatory Approval and Next Steps

The Competition Commission of India granted its approval for this transaction. This clearance is a crucial milestone in the deal's progression. However, it's important to note that the consummation of the transaction still depends on the satisfaction of other conditions precedent as outlined in the SPA.

AWL Agri Business Ltd. made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As the deal moves forward, market observers will be keenly watching its impact on AWL Agri Business's operations and market position in the agribusiness sector.

AWL Agri Business Limited , formerly known as Adani Wilmar Limited, has reported a mixed performance for the second quarter of fiscal year 2026, with notable sequential growth but some year-on-year challenges.

Key Performance Highlights

• Volume Growth: The company delivered a volume of 1.68 million tonnes in Q2 FY26, representing a 7% sequential growth and a 2% year-on-year increase.
• EBITDA Performance: EBITDA reached INR 600.00 crores, up 7% sequentially from INR 572.00 crores in Q1 FY26, but down 9% year-on-year.
• Consolidated PAT: The company reported a consolidated Profit After Tax (PAT) of INR 245.00 crores, showing a 3% sequential growth but a 21% year-on-year decline.

Half-Year Performance

For the first half of FY26 (H1 FY26), AWL Agri Business reported:

• Total volume of 3.26 million tonnes, slightly lower than 3.31 million tonnes in H1 FY25
• EBITDA of INR 1,200.00 crores, down 13% from INR 1,300.00 crores in H1 FY25
• Consolidated PAT of INR 483.00 crores, a 23% decrease from INR 624.00 crores in H1 FY25

Segment-wise Performance

Edible Oil Segment

• Faced challenges from Nepal imports under the SAFTA agreement
• Nepal now accounts for 12% of India's soya imports at 0% duty, compared to 16.5% for domestic players

Food and FMCG Segment

• Experienced a 10% volume decline
• Delivered a positive PBT of INR 56.00 crores

Alternative Channels

• Grew by 35% in Q2 FY26
• Quick commerce expanded by 86%

Market Share and Distribution

• Basmati rice market share increased from 7.3% to 7.7%
• Wheat flour market share maintained at 5.5%
• The company now reaches close to 900,000 outlets directly

Management Commentary

Shrikant Kanhere, MD and CEO, stated, "We maintained gross margins above INR 11,000.00 per tonne and EBITDA above INR 3,500.00 per tonne. The strong sequential momentum suggests recovery from the sluggish demand seen in Q1 and early Q2, as edible oil prices normalize."

Angshu Mallick, Executive Deputy Chairman, commented on the outlook, "With the GST reduction from 18% to 5% on various food products and the upcoming festival season, we expect improved demand in H2 FY26. The marriage season and better agricultural production are also expected to boost consumption."

Future Outlook

The management expects H2 FY26 to show improvement, driven by:

• Festival season demand
• GST reduction on various food products
• Expected better agricultural production, especially in rabi crops

AWL Agri Business remains focused on expanding its distribution network and growing its food and FMCG segment, aiming to reach its target of INR 10,000.00 crores revenue by FY27.

The company continues to navigate challenges in the edible oil segment, particularly from Nepal imports, while leveraging growth opportunities in alternative channels and its food portfolio.