AWL Agri Business Limited reported a solid operational performance for the quarter ended March 31, 2026, posting double-digit volume growth driven by its edible oil and industry essentials segments, supported by stable demand and expanding distribution.
The domestic business grew 13 per cent year-on-year, while the edible oil portfolio recorded a robust 17 per cent volume growth, led by strong demand across soybean, mustard, rice bran and palm oil categories.
Growth was aided by higher marketing spends and improved traction in under-penetrated markets, even as imports of cheaper refined oils from neighbouring countries continued at a reduced pace.
The food and FMCG segment remained flat overall due to consolidation in institutional rice exports. However, core categories showed resilience. Rice and wheat, which together account for 65 per cent of the food portfolio, witnessed strong growth. Sales under Fortune and Kohinoor brands surged over 30 per cent year-on-year, driven by expanded distribution and go-to-market initiatives. The wheat flour segment posted high single-digit growth, while the rest of the food portfolio, contributing 35 per cent, grew 30 per cent year-on-year.
The industry essentials segment also recovered, with improved performance across oleochemicals, castor and de-oiled cake businesses. Oleochemicals, contributing about 30 per cent of the segment, remained a key growth driver.
Alternate channels such as e-commerce, quick commerce and modern trade were standout performers, registering 43 per cent year-on-year growth in Q4FY26. Quick commerce grew 46 per cent and now contributes 32 per cent of channel volumes. Annual revenues from alternate channels crossed ₹5,200 crore in FY26, while branded exports and HoReCa channels grew over 40 per cent.
Distribution expansion remained a focus area, with general trade reach crossing 965,000 outlets, including the addition of nearly 120,000 outlets during FY26, largely in rural markets. The company now serves over 60,000 villages.
During the quarter, AWL also entered the premium segment with the launch of Fortune Premio edible oils. Subsidiaries GD Foods and Omkar Chemicals continued to perform well, with Omkar doubling FY26 volumes and crossing ₹300 crore in revenue.
Published on April 5, 2026
