AWL Agri Business Ltd reported mid-single-digit volume growth in Q1 FY27, driven by robust performance across its Food & FMCG portfolio, alternate channels and Industry Essentials segment. According to the company's quarterly business update, the Food & FMCG revenue grew 20%+ year-on-year, led by exceptional performance in rice which grew over 40% and other food categories including pulses, besan, soya nuggets, sugar, poha and personal care products which grew 25% year-on-year. The company also expanded its direct retail reach to around 9.7 lakh outlets, adding over 1 lakh outlets year-on-year during the quarter.
Alternate channels including e-commerce, quick commerce and modern trade emerged as a key growth driver, growing 27% year-on-year. As reported by the company, quick commerce delivered strong double-digit growth, with alternate channels now accounting for approximately ₹5,600 crore on a trailing twelve-month basis. The company continues to hold double-digit market shares across major e-commerce and quick commerce platforms in several food categories including wheat flour and rice. Branded exports surged 87% year-on-year, while HoReCa grew 31% during the quarter.
The Industry Essentials segment recorded 14% volume growth and 30% revenue growth, supported by strong demand in oleochemicals and specialty chemicals which delivered high-teen volume growth. According to the company, the edible oil business posted 13% revenue growth, while volumes remained broadly flat due to cautious inventory building amid geopolitical uncertainty. Alternate channels within the edible oil segment grew in the low teens in volume terms. The company's subsidiaries also delivered healthy growth, with GD Foods (operating the Tops brand) delivering 20%+ YoY revenue growth with underlying volume growth of 19%, and Omkar Chemicals recording 18% YoY revenue growth.
Shares of AWL Agri Business Ltd ended at ₹191.10, up by ₹10.70, or 5.93%, on the BSE following the quarterly results announcement. The company stated that the quarter marked sustained momentum in its Food & FMCG business, supported by distribution strength, brand portfolio expansion and category diversification as it continued to build its long-term food platform strategy. The company continues to strengthen its multi-category Food portfolio through focused investments in brand building, distribution expansion, premiumization and product innovation.
