AWL Agri Business Records 13% Volume Growth in Q4 FY26

AWL Agri Business Limited, formerly known as Adani Wilmar Limited, reported double-digit volume growth during the quarter ended March 31, 2026. The company’s performance was primarily supported by growth in the edible oil and industry essentials segments, along with steady consumer demand and improvements in distribution networks.

Edible Oil and Industry Essentials Drive Growth

The edible oil portfolio continued to deliver strong results during the quarter, recording a robust 17% year-on-year volume growth in Q4 FY26. The growth was broad-based across key categories such as soybean, mustard, rice bran and palm oil. Demand improvement across underpenetrated markets, supported by increased marketing efforts, also contributed to the growth momentum.

The industry essentials segment also showed signs of recovery, with improved sales in oleochemicals, castor and de-oiled cake businesses. The oleochemicals business, which contributes nearly 30% to the segment, remained a key driver for growth during the quarter.

Food and FMCG Segment Performance

The Food and FMCG business remained largely stable during the quarter due to consolidation of institutional rice exports under private labels. However, the domestic segment recorded a 13% year-on-year growth. The rice and wheat businesses, which together contribute about 65% to the food portfolio, led the growth within the segment. Both the Fortune and Kohinoor brands delivered strong volume growth exceeding 30% year-on-year.

The wheat flour business also recorded high-single-digit growth, supported by improved general trade penetration and the expansion of alternate distribution channels. Meanwhile, the Food and FMCG portfolio excluding rice and wheat, which accounts for about 35% of segment volumes, recorded a strong 30% growth during the quarter.

Alternate Channels and Distribution Expansion

Alternate sales channels such as e-commerce, quick commerce and modern trade delivered strong growth of 43% year-on-year in Q4 FY26. 

Quick commerce alone grew by 46% year-on-year and contributed about 32% of the volumes within this channel. Annual revenues from alternate channels crossed ₹5,200 crore during FY26.

The company also continued to expand its distribution network. Numeric distribution in general trade crossed 965,000 outlets, with nearly 1,20,000 outlets added during the year, largely from rural markets. AWL now has a presence in over 60,000 villages and is expanding sales through micro-fulfilment centres to improve reach in smaller towns.

AWL Agri Business Share Price Today

On April 6, 2026, AWL Agri Business share price opened at ₹185.99, touching the day’s low at ₹180.70, as of 11:20 AM on the NSE.

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Conclusion

AWL Agri Business’s Q4 FY26 performance highlights strong growth across key segments, supported by rising demand, distribution expansion and new product launches. With continued focus on alternate channels, rural penetration and premium product offerings, the company expects growth momentum to remain strong in the coming quarters.

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