AWL Agri Business, formerly known as Adani Wilmar, released its June quarter performance today, July 15, reporting a 24% year-on-year (YoY) decline in consolidated net profit to ₹238 crore, as the company faced a challenging quarter due to a combination of headwinds, muted consumer demand, strategic consolidation of regional rice operations, the absence of a one-off G2G rice business present in the base year, and fluctuations in edible oil prices.
These factors led to a 5% YoY decline in overall volumes in Q1, with the rice category being the key drag. Encouragingly, core categories delivered healthy volume growth, while revenue rose 21% YoY to ₹17,059 crore, driven by higher realizations in edible oils.
Segment-wise, revenue from edible oils rose 26% YoY to ₹13,415 crore. Industry Essentials posted a 12% YoY increase. Meanwhile, revenue from the Food & FMCG segment declined 8%, impacted by the consolidation of the non-basmati rice business, the absence of the one-off G2G rice order in the base year, and weaker rice exports, the company said in its earnings filing.
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