Q3 FY26 Performance

AWL Agri Business recorded robust revenue growth in Q3 FY26, supported by a 3% increase in volumes. Edible oils led the growth, while operational EBITDA and PAT remained resilient. On a last-twelve-month (LTM) basis, the company delivered record revenues and operational performance.

Distribution & GTM Strategy

• Direct reach expanded from ~600,000 outlets in March 2023 to 949,000 outlets as of December 2025

• Rural town coverage increased from 13,000 to over 60,000 towns

• 98 stock points nationwide, supported by micro-fulfilment centres for smaller-town distribution

Alternate Channels

• E-commerce, Q-commerce, and Modern Trade achieved strong volume growth in Q3 FY26

• Edible oils’ alternate channel share increased from ~5% to 9%; Food & FMCG from 11% to 25% over 15 quarters

• Q-commerce contributed ~30% of volumes within alternate channels

Other Channels

• HoReCa volumes grew 54% YoY; branded exports up 43% YoY, supported by global distribution networks

Project Updates & Capex

• Fully operational integrated food complex at Gohana expected to drive efficiencies and operational synergies

• New oleochemical facility planned in South India

New Product Development (NPD)

• Launch of Fortune Multi Grain Atta strengthens value-added offerings in staple foods

Segment Performance – Q3 FY26

Financial Summary – Q3 FY26

Comment from the MD & CEO
Mr. Shrikant Kanhere, MD & CEO, said:

“Despite a challenging macro environment, AWL Agri Business achieved steady volume growth, led by resilient performance in edible oils and a rebound in our Food & FMCG portfolio. We continue to enhance distribution reach, strengthen alternate channels, and focus on sustainable, profitable growth. Leveraging the Wilmar Group’s global network and our integrated operations, we remain confident in capturing emerging opportunities in India’s evolving food ecosystem.”