Latest news with #AdaniWilmar
Business Standard
16 hours ago
- Business
- Business Standard
Adani Wilmar slides as Q1 PAT slumps 24% YoY to Rs 238 cr
Adani Wilmar slipped 1.38% to Rs 264.25 after the company's consolidated net profit tanked 24.02% to Rs 237.95 crore in Q1 FY26 as against Rs 313.20 crore posted in Q1 FY25. However, revenue from operations jumped 20.52% YoY to Rs 17,058.65 crore in the quarter ended 30 June 2025, marking the companys highest-ever Q1 revenue. Profit before tax was at Rs 310.60 crore in Q1 FY26, down 25.72% as against Rs 418.17 crore in Q1 FY25. In Q1FY26, operating EBITDA stood at Rs 519 crore. On an LTM basis, the company delivered an operating EBITDA of Rs 2,384 crore. The company faced a challenging quarter, impacted by a combination of headwinds, including subdued consumer demand, the strategic consolidation of regional rice operations, the absence of a one-off G2G rice order from the base quarter, and fluctuations in edible oil prices. These factors led to a 5% year-on-year decline in overall volumes in Q1 FY26, with the rice segment being the primary drag. However, core categories showed healthy volume growth, and revenue increased by 21% YoY, driven by higher realizations in the edible oil segment. In Q1 FY26, revenue from edible oils rose 26% YoY to Rs 13,415 crore, despite a 4% YoY decline in volumes to 0.96 million tonnes. Excluding palm oil, branded volumes grew in the low single digits, driven by sustained strong performance in mustard oil. Volatility in crude edible oil prices, driven by reduced customs duties, global geopolitical tensions, and a higher biodiesel mandate in the U.S., led to trade destocking during the quarter. In Q1, the Food & FMCG segment reported revenue of Rs 1,414 crore, reflecting an 8% YoY decline, primarily due to the consolidation of the non-basmati rice business, the absence of a one-off G2G rice order in the base year, and lower rice exports. In the wheat flour category, volumes were impacted by subdued consumer demand, higher brand premiums, and increased local competition. Other food categories continued to register robust growth, with pulses & besan, soya nuggets, sugar, and poha all sustaining high-teen percentage increases in volume. The company expects these categories to maintain strong momentum, supported by rising demand from quick-commerce channels and an expanding outlet reach. The Industry Essentials segment saw a volume growth of around 6% YoY, driven by strong performance in the de-oiled cake business. Meanwhile, volumes in oleochemicals and castor oil & derivatives remained largely flat in Q1, primarily due to near full utilization of capacity. The Industry Essentials segment crossed the Rs 2,000 crore quarterly revenue milestone in Q1, recording Rs 2,230 crore, up 12% YoY. In castor oil, the company retained its position as Indias highest exporter and continued to expand into newer markets. The segment also delivered strong profits, with a PBT of Rs 100 crore, marking the highest profit in the last 12 quarters. On the distribution front, direct retail reach grew 18% YoY to 8.7 lakh outlets, with rural town coverage expanding to around 55,000representing a tenfold increase since FY22. Having surpassed the target of 50,000 rural towns, the focus is now on driving higher throughput from newly added towns and outlets. Alternate channels generated over Rs 3,900 crore in revenue on an LTM basis as of June 2025, driven by strong volume growth in quick commerce, which saw a 75% increase in Q1. This growth reflects continued improvements in assortment, availability, and promotional strategies. Angshu Mallick, MD & CEO, AWL Agri Business, said, the company witnessed a temporary volume decline, primarily influenced by the consolidation of its regional rice operations and muted consumer demand. Encouragingly, the core categories delivered healthy volume growth, and revenue rose 21% YoY, driven by higher edible oil realizations. We also delivered healthy profits in LTM Jun 25 with operating EBITDA of Rs 2,384 crores and PAT of Rs 1,151 crores, nearing our highest-ever rolling 12-months profits, despite the headwind of custom duty cuts on edible oils. Our focus on improving the profitability in the Food & FMCG segment has led to highest-ever PBT of 75 crores in Q1, with PBT margin of 5.3%. The reduction in customs duty on crude edible oils is expected to positively impact domestic refiners by boosting sales and curbing refined oil imports from both SAARC nations and edible oil producing countries. Additionally, the normalization of palm oil prices is likely to support volume growth in the coming quarters. In the rice business, we delivered a strong turnaround in Q1, achieving double-digit volume growth in our Basmati business along with improved overall profitability in the rice portfolio. With the resiliency of our core business and large opportunity, we expect to continue to benefit from the formalization of the Indian staple food industry. AWL Agri Business (formerly Adani Wilmar) is one of India's largest food and FMCG companies, offering a wide range of essential kitchen staples such as edible oils, wheat flour, rice, pulses, and sugar. Its flagship brand, Fortune, is trusted by over 123 million households, reaching one in three Indian families.
Economic Times
16 hours ago
- Business
- Economic Times
AWL Agri Q1 results: PAT falls 24% YoY to Rs 236 crore despite highest ever revenue jumps of 21%
AWL Agri Business formerly known as Adani Wilmar reported a 24% decline in its June quarter consolidated net profit which was reported at Rs 236 crore versus Rs 313 crore in the year ago period as muted consumer demand, strategic consolidation of regional rice operations and one-off G2G rice business in the base year along with the fluctuations in edible oil prices, weighed on the earnings. ADVERTISEMENT Meanwhile, the company recorded its highest-ever Q1FY26 revenue at Rs 17,059 crore which was up by 21% on the year-on-year basis. The challenges led to a 5% YoY decline in overall volumes in Q1, with rice category being the key drag. However, the core categories delivered healthy volume growth and revenue rose 21% YoY, driven by higher realizations in edible oil. Segment-wise, revenue from edible oils rose 26% YoY reaching Rs 13,415 crores. Excluding palm oil, branded volume grew in low single digits, supported by continued strong performance in mustard Industry Essentials segment posted a 12% increase. Food & FMCG revenue declined by 8% as it was impacted by the consolidation of non-basmati rice business, one off G2G rice business in base year and lower rice an LTM (last twelve month) basis the company delivered operating EBITDA of Rs 2,384 crores. In Q1 FY26, operating EBITDA stood at Rs 519 crores. ADVERTISEMENT On the distribution front, the company's direct retail reach grew 18% YoY to 8.7 lakh outlets, with rural town coverage of around 55,000 — a tenfold rise from FY22."Having achieved our rural reach target of 50,000 towns, we are now primarily focused on driving higher throughput from the newly added towns and outlets," the company filing said. ADVERTISEMENT Alternate channels generated over Rs 3,900 crores in revenue in LTM June 2025, led by strong volume growth in Quick Commerce, with Q1 growth of 75%.Raw-material prices in Q1 were around 30% higher, compared to base quarter, leading to a muted consumer demand. Additionally, market volatility in crude edible oil prices—driven by reduced customs duties, global geopolitical events, and higher biodiesel mandate in the U.S.—led to trade destocking during the quarter. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Reuters
17 hours ago
- Business
- Reuters
India's AWL Agri Business posts profit fall on muted consumer demand
July 15 (Reuters) - India's AWL Agri Business ( opens new tab, previously known as Adani Wilmar, reported a nearly 25% fall in quarterly profit on Tuesday, as higher prices of branded palm oil led consumers to opt for cheaper alternatives. Indian consumers operating on tight budgets due to slow wage growth have been increasingly shunning large brands in response to price increases. AWL, which makes the Fortune brand of cooking oil, reported a consolidated net profit of 2.36 billion rupees ($27.51 million) for the first quarter ended June 30. Sales volumes in its mainstay edible oil business, which accounted for four-fifths of its topline, dropped 4% on slow palm oil sales, even as higher prices helped push revenue higher. Volumes in the segment "remained under pressure, largely due to sluggish palm oil sales driven by its relatively higher prices," AWL said, adding it lost market share during the quarter. Overall revenue rose 21% to 170.59 billion rupees. AWL's food business, which sells staples such as rice and pulses, posted a 5% fall in volumes, excluding a one-off impact, as wheat flour sales struggled due to soft demand, stiff local competition and higher prices. Shares fell 2.2% post-results. In the coming quarters, AWL expects sales volumes to rebound, with palm oil prices stabilising and inflation slowing to a more than six-year low last month. "As the inflation comes down ... food is the first product on which consumers are a little more likely to spend liberally," CEO Angshu Mallick told Reuters, adding consumers would now buy more branded foods, including tea and bread. Rival Marico ( opens new tab, which sells the Saffola brand of cooking oil, is yet to report results. It said in an update earlier this month that quarterly revenue would grow in the low-20s percentage range on improving rural demand. ($1 = 85.7870 Indian rupees)
Mint
18 hours ago
- Business
- Mint
AWL Agri Business Q1 Results: Profit drops 24% YoY to ₹238 crore, revenue up 21% on higher edible oil prices
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, 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. Raw material costs were 30% higher YoY in Q1 compared to the base quarter, which led to muted consumer demand. Additionally, the company stated that market volatility in crude edible oil prices, driven by reduced customs duties, global geopolitical events, and a higher biodiesel mandate in the U.S., resulted in trade destocking during the quarter. The Industry Essentials volume grew by around 6% YoY driven by the growth in de-oiled cake business. Oleochemicals and Castor Oil & derivative volumes were largely flat in Q1, primarily due to near full utilization of capacity. The segment has crossed 2,000 crores quarterly revenue milestone in Q1, recording ₹ 2,230 crore, up by 12% YoY. 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. "On the distribution front, our direct retail reach grew 18% YoY to 8.7 lakh outlets, with rural town coverage of around 55,000 — a tenfold rise from FY'22. Having achieved our rural reach target of 50,000 towns, we are now primarily focused on driving higher throughput from the newly added towns and outlets," the company said.
Mint
19-06-2025
- Business
- Mint
Israel-Iran war: Adani Wilmar, GRM Overseas to Kaveri Seeds — why are rice exporter stocks under pressure?
Iran-Israel war: Shares of several rice exporters came under pressure on Thursday as the war between Iran and Israel showed no signs of de-escalation. AWL Agri Business (now known as Adani Wilmar), KRBL, LT Foods, Kaveri Seeds and GRM Overseas are among the key stocks that faced a decline of up to 3% today. India is one of the biggest exporters of rice, with the Middle East among its biggest buyers. India exported 198.65 lakh tonnes of rice till March 25 of the last fiscal year, surpassing the outward shipment of 163.58 lakh tonnes in the entire 2023-24 financial year. A TOI report, citing the Agricultural and Processed Foods Export Development Agency (APEDA), stated that Iran ranks as the third-largest basmati rice exporter, following Saudi Arabia and Iraq. India's basmati rice exports to Iran were valued at ₹ 6,374 crore in FY25, representing 12.6% of India's total basmati exports for that period. However, with the tensions in the region, the supply has taken a hit, prices have declined, while freight costs have increased amid shipment issues, raising concerns for India's rice exporters.
