AWL Agri Business Limited (formerly Adani Wilmar Limited) has unveiled significant leadership changes and reported robust financial results for the second quarter of fiscal year 2026.

Leadership Restructuring

The company's Board of Directors has approved several key leadership changes, effective November 4, 2025:

• Shrikant Kanhere has been appointed as Managing Director and CEO for a three-year term, transitioning from his role as Deputy CEO & CFO.
• Angshu Mallick, previously MD & CEO, has been redesignated as Executive Deputy Chairman until March 31, 2027.
• Saumin Sheth has been appointed as Whole Time Director and Chief Operating Officer for a three-year term.
• Pankaj Goyal has been named Interim Chief Financial Officer.
• Kuok Khoon Hong's designation has changed from Non-Executive Vice Chairman to Non-Executive Director.

These appointments, particularly those of Kanhere and Sheth, are subject to shareholder approval.

Q2 FY26 Financial Highlights

AWL Agri Business reported strong financial performance for the quarter ended September 30, 2025:

The company achieved its highest-ever quarterly revenue, driven mainly by growth in edible oils and the Industry Essential segment. The Food & FMCG segment saw a 21% sequential volume growth from Q1 to Q2.

Segment Performance

Edible Oils

Revenue rose 26% YoY to ₹13,828.00 crores, with a 2% volume growth.

Food & FMCG

Revenue declined by 2% due to lower non-branded rice exports and consolidation of the non-basmati rice business. However, the segment posted strong sequential momentum with 21% QoQ volume growth.

Industry Essentials

Revenue increased by 19% YoY to ₹2,096.00 crores, driven by growth in Oleochemicals and de-oiled cake business.

Distribution and Market Expansion

AWL Agri Business has expanded its direct retail reach to 9 lakh outlets, with rural town coverage reaching approximately 58,000. The company is focusing on improving throughput by enhancing salesman productivity and leveraging technology integration.

Alternate channels, including e-commerce and quick commerce, generated over ₹4,400.00 crores in revenue in the last twelve months. The company claims significant market share in various product categories on e-commerce platforms, including ~50% in Soya oil and ~40% in Mustard oil.

Management Commentary

Angshu Mallick, MD & CEO of AWL Agri Business Ltd., commented on the results: "Consumer demand remained below expectations through the fiscal year, leading to lower-than-planned volume growth. Nevertheless, the Company demonstrated agility in navigating external challenges, delivering a 7% sequential increase in sales volumes in Q2 over Q1."

He added, "Our focus on improving the profitability in the Food & FMCG segment has led to highest-ever PBT of 132 crores in H1, with PBT margin of 4.3%. In the rice business, we delivered a strong turnaround in this financial year, achieving 30%+ volume growth in our branded Basmati business in both Q1 and Q2, along with improved overall profitability in the rice portfolio."

As AWL Agri Business Limited navigates these leadership changes and market dynamics, the company appears poised for continued growth and expansion in the Indian food and FMCG sector.

AWL Agri Business , operating under the brand Adani Wilmar, has released its quarterly results, showcasing a mixed performance with revenue growth but a decline in profits.

Financial Highlights

AWL Agri Business, a key player in India's FMCG and edible oils sector, has reported a significant increase in revenue for the quarter, rising to ₹176.00 billion from ₹145.00 billion in the same period last year, marking a 21.38% growth.

However, the company's bottom line tells a different story. The consolidated net profit for the quarter decreased to ₹2.44 billion, down from ₹3.10 billion in the corresponding quarter of the previous year, representing a 21.29% decline.

Operational Performance

Despite the drop in net profit, AWL Agri Business showed improvement in its operational efficiency. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to ₹6.88 billion from ₹5.60 billion year-over-year, indicating a robust 22.86% growth.

The EBITDA margin, a key indicator of a company's operating profitability as a percentage of its total revenue, remained relatively stable. It stood at 3.91% for the current quarter, compared to 3.93% in the same period last year, showing only a marginal decrease of 0.02 percentage points.

This stability in EBITDA margin, despite challenging market conditions, suggests that AWL Agri Business has managed to maintain its operational efficiency while driving revenue growth.

The contrasting trends in revenue growth and profit decline indicate that the company might be facing increased costs or competitive pressures in the market. Investors and analysts will likely be keen to understand the factors behind the profit squeeze despite the impressive top-line growth.

As one of India's leading FMCG companies, AWL Agri Business's performance often reflects broader trends in consumer demand and commodity prices. The company's ability to grow revenue significantly in the current economic environment is noteworthy, but the pressure on profitability will be an area to watch in the coming quarters.