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AWL Agri Business Tops Q1 Revenue With Rs 17,059 Crore as Profit Slides 24%

Customs duty cuts on crude edible oils promise improved margins next quarter

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Overview

  • Edible oil segment drove a 26% increase to Rs 13,415 crore, accounting for nearly 79% of Q1 revenue.
  • Direct retail reach grew 18% to 870,000 outlets, extending coverage to around 55,000 rural towns.
  • Overall volumes slipped 5% year-on-year, with rice operations consolidation as the principal drag and core categories posting healthy gains.
  • Food and FMCG businesses achieved a record PBT of Rs 75 crore with a 5.3% margin.
  • Higher raw material costs and consolidation of rice operations contributed to the 24.5% drop in net profit to Rs 236 crore.