Whalesbook
AWL Agri Business Ltd posted low single-digit volume growth for the third quarter ended December 31, 2025. Higher volumes in edible oil and the food & FMCG segments provided a boost, but this was offset by a decline in castor and de-oiled cakes under the industry essentials segment.
Food & FMCG Division Recovers
The company's exchange filing indicated a gradual recovery in its food & FMCG business. Improved offtake and strategic interventions in the rice business supported this resurgence. While the overall rice business saw a marginal low single-digit decline, the branded domestic rice segment achieved strong double-digit growth.
Wheat flour consumer packs remained flat amidst subdued consumer demand. However, wheat flour and refined flour supplied to the hospitality sector (HoReCa) experienced robust double-digit growth. Products within the food & FMCG segment, excluding rice and wheat, which represent over a third of the division's contribution, surged by more than 30% year-on-year.
E-commerce Channels Sustain Momentum
Alternate sales channels, including e-commerce, quick commerce, and modern trade, continued their strong performance. Volumes through these platforms climbed 42% year-on-year. These channels generated approximately ₹4,800 crore in revenue over the past twelve months, propelled by a 65% year-on-year surge in quick commerce volumes.
Online sales for atta and rice grew by over 40% year-on-year. The company also noted strong double-digit volume growth in branded exports of edible oil and food products, alongside sales to the HoReCa segment.
Market Reaction
Shares of AWL Agri Business Ltd concluded trading on Monday, January 5, down 1% at ₹233.90 on the National Stock Exchange.