AWL Agri Business Ltd, formerly known as Adani Wilmar, reported a 35% decline in consolidated net profit to ₹269 crore for the December quarter 2025-26, compared to ₹410.93 crore in the same quarter of the previous fiscal year. According to a regulatory filing reported by The Economic Times, the company's total income rose to ₹18,734.82 crore in October-December FY26 from ₹16,905.55 crore a year ago, indicating revenue growth despite profit decline. The company has also reported net profit after tax of ₹261.83 crore in the latest quarter, showing sequential growth from the previous quarter's ₹244.72 crore.
The company's expenses increased significantly by over 12% to ₹18,345.56 crore in the quarter from ₹16,359 crore a year ago, as reported by The Economic Times. This expense growth was the primary driver behind the profit decline, highlighting the impact of higher operational costs on the company's bottom line performance during the quarter. The company's EBIT margin for Q3 FY26 stood at 2.93% compared to 4.43% in the same quarter last year, while EBIT grew 9.15% to ₹548.16 crore from ₹749.84 crore year-on-year. The company is also implementing cost optimization strategies, with FMCG firms across the industry adopting bulk buying during harvest seasons to reduce commodity price volatility.
According to The Economic Times, the company achieved modest single-digit volume growth in Q3 FY26, led by resilient performance in edible oils and a continued rebound in the Food & FMCG portfolio. The growth was primarily driven by healthy volume offtake in the edible oil segment, with the company noting that grammage play continues to be a key issue in the edible oil industry, with most players shifting to the 750g pack size. The company's EBITDA margin for Q3 FY26 was 1.43% compared to 2.43% in the same quarter last year, while net profit margin stood at 1.96% versus 2.47% year-on-year. Recent industry developments show FMCG companies anticipating mid-single to low-double-digit revenue growth in Q3, fueled by volume increases and easing GST disruptions.
AWL Agri Business shares are currently trading at ₹216.88 on the National Stock Exchange, showing a 0.82% increase from the previous close of ₹215.12. The broader Adani Group experienced significant gains on Tuesday, with Adani Green Energy surging 10.61%, Adani Enterprises zooming 10.38%, and Adani Ports jumping 9.12% amid a sharp rally in equity markets. As per PTI, the combined market valuation of all listed Adani firms stood at ₹13.78 lakh crore, with Adani Ports emerging as the biggest gainer among Sensex firms. The rally was driven by India and the US agreeing to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18%, easing tariff-related concerns that have weighed on Indian markets since April 2025.
As reported by The Economic Times, with the expanded footprint now largely in place, the company's focus is shifting towards consolidating the distribution network, improving throughput, and enhancing overall distribution efficiency. Managing Director and CEO Shrikant Kanhere stated that despite a challenging macro demand environment, AWL Agri Business maintained modest single-digit volume growth in Q3 FY26, demonstrating the company's resilience in navigating current market conditions. The company's Return on Equity (ROE) of 12.99% in FY25 outperformed its five-year average of 9.47%, while the company delivered annual revenue growth of 23.96%, outperforming its three-year CAGR of 5.47%. Looking ahead, the FMCG sector is expected to benefit from Budget FY27 measures focusing on MSMEs, infrastructure, and rural demand, with initiatives such as the Bharat-VISTAAR AI platform for agriculture and support for traditional medicine creating sustained demand tailwinds.
