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AWL - Adani Wilmar

📊 NSE: AWL 🏢 Solvent Extraction 📅 Last Updated: 12/13/2025 17:51

📢 Recent Corporate Announcements

AWL Agri Business Recommends ₹1 Dividend and Re-appoints Whole Time Director

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 29 Apr 2026, 04:13 PM

AWL Agri Business Limited (formerly Adani Wilmar) has submitted its audited financial results for the quarter and year ended March 31, 2026. The Board has recommended a final dividend of ₹1 per equity share (100% of face value) for FY 2025-26, subject to shareholder approval. Additionally, the company has approved the re-appointment of Mr. Ravindra Kumar Singh as Whole Time Director for a three-year term starting November 2026. The statutory auditors, S R B C & Co. LLP, have issued an unmodified opinion on the financial statements, ensuring reporting reliability.

Recommended a final dividend of ₹1 per equity share (100% of face value) for FY 2025-26
Fixed June 19, 2026, as the Record Date for dividend entitlement
Re-appointed Mr. Ravindra Kumar Singh as Whole Time Director for 3 years effective November 1, 2026
Statutory auditors issued an audit report with an unmodified opinion for the financial year
28th Annual General Meeting (AGM) scheduled for July 7, 2026

💡 Investors should track the record date of June 19, 2026, for dividend eligibility and note the clean audit report as a sign of financial transparency.

AWL Agri Business Declares ₹1 Dividend, Re-appoints Director & Approves FY26 Results

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 28 Apr 2026, 04:28 PM

AWL Agri Business Limited (formerly Adani Wilmar) has recommended a final dividend of ₹1 per share (100% of face value) for FY 2025-26. The company has fixed June 19, 2026, as the record date for dividend eligibility, with the AGM scheduled for July 7, 2026. Additionally, the board approved the re-appointment of Mr. Ravindra Kumar Singh as Whole Time Director for a three-year term starting November 2026. The audited financial results for the year ended March 31, 2026, were approved with an unmodified audit opinion.

Recommended a final dividend of ₹1 per equity share (100% of face value) for FY 2025-26.
Fixed June 19, 2026, as the record date for determining dividend eligibility.
Re-appointed Mr. Ravindra Kumar Singh as Whole Time Director for a 3-year term starting Nov 1, 2026.
Statutory auditors S R B C & Co. LLP issued an unmodified opinion on FY26 financial results.
The 28th Annual General Meeting (AGM) is scheduled for July 7, 2026.

💡 Investors should note the dividend record date of June 19 and the management continuity provided by Mr. Singh's re-appointment. Review the detailed FY26 financial statements to assess the company's growth trajectory under its new name.

AWL Agri Business Recommends Rs 1 Dividend; Sets June 19, 2026 as Record Date

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 28 Apr 2026, 04:07 PM

AWL Agri Business Limited (formerly Adani Wilmar) has recommended a final dividend of Rs 1 per equity share (100% of face value) for the financial year 2025-26. The company has fixed June 19, 2026, as the record date to determine shareholder eligibility for the dividend payment, subject to AGM approval. Alongside the dividend, the board approved the audited financial results for FY26 and the re-appointment of Mr. Ravindra Kumar Singh as Whole Time Director for a three-year term. The 28th Annual General Meeting is scheduled for July 7, 2026.

Recommended a final dividend of Rs 1 per equity share (100%) for FY 2025-26
Fixed June 19, 2026, as the Record Date for determining dividend entitlement
The 28th Annual General Meeting (AGM) is scheduled for July 7, 2026
Re-appointed Mr. Ravindra Kumar Singh as Whole Time Director for 3 years effective November 1, 2026
Statutory auditors issued an unmodified opinion on the FY26 audited financial results

💡 Investors interested in the dividend should ensure they hold the stock before the record date of June 19, 2026. The unmodified audit opinion and management continuity are positive signs for long-term stability.

AWL Agri Business Recommends Rs 1 Final Dividend; Sets June 19 as Record Date

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 28 Apr 2026, 04:04 PM

AWL Agri Business Limited (formerly Adani Wilmar) has recommended a final dividend of Rs. 1 per equity share for the financial year 2025-26, representing 100% of the face value. The company has fixed June 19, 2026, as the record date to determine shareholder eligibility for the payout. Additionally, the board approved the re-appointment of Mr. Ravindra Kumar Singh as Whole Time Director for a three-year term starting November 2026. The 28th Annual General Meeting is scheduled for July 7, 2026, to seek shareholder approval for these proposals.

Recommended final dividend of Rs. 1 per equity share (100% of face value) for FY 2025-26.
Fixed June 19, 2026, as the Record Date for determining dividend entitlement.
Re-appointment of Mr. Ravindra Kumar Singh as Whole Time Director for 3 years effective November 1, 2026.
28th Annual General Meeting (AGM) scheduled for July 7, 2026.
Statutory Auditors issued an unmodified opinion on the audited financial results for FY 2025-26.

💡 Investors seeking the dividend should ensure they hold the shares before the record date of June 19, 2026. The unmodified audit opinion provides confidence in the reported financial health of the company.

AWL Agri Business FY26 Revenue Crosses ₹74,000 Cr; Q4 EBITDA Jumps 40% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 Apr 2026, 04:00 PM

AWL Agri Business Limited (formerly Adani Wilmar) reported a strong FY26 with annual revenue reaching ₹74,731 Crore, a 17% YoY increase. The fourth quarter was particularly robust, with revenue growing 18% to ₹21,465 Crore and EBITDA surging 40% to ₹628 Crore. Volume growth in the core Edible Oil segment stood at 17% for Q4, helping the company gain 60 bps in market share to reach 18.6%. The company also saw significant traction in alternate channels and HoReCa, which grew by 47% and 40% respectively over the full year.

Annual revenue for FY26 hit ₹74,731 Crore, while Q4 revenue reached a record ₹21,465 Crore (up 18% YoY).
Q4 FY26 Operating EBITDA grew by 40% YoY to ₹628 Crore, driven by margin expansion in Edible Oil and Food segments.
Edible Oil volume grew 17% YoY in Q4, leading to a market share increase of 60 bps to 18.6%.
Alternate channel revenues (E-com, Q-com, Modern Trade) crossed ₹5,200 Crore in FY26, growing 47% YoY.
Direct distribution reach expanded to 9.65 lakh outlets, adding over 1 lakh outlets during the year.

💡 Investors should view the strong volume growth and margin recovery as a positive sign of operational efficiency and market leadership. The rapid scaling of high-margin alternate channels and the Food & FMCG segment provides a long-term growth runway beyond the core edible oil business.

AWL Agri Business Reports FY26 Results; Recommends ₹1 Dividend per Share

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 Apr 2026, 03:52 PM

AWL Agri Business Limited (formerly Adani Wilmar) has approved its audited financial results for the fiscal year ended March 31, 2026. The Board has recommended a final dividend of ₹1 per equity share (100% of face value), with the record date set for June 19, 2026. Additionally, the company approved the re-appointment of Mr. Ravindra Kumar Singh as Whole Time Director for a three-year term starting November 2026. The statutory auditors have issued an unmodified opinion on the financial statements, confirming the reliability of the reported figures.

Recommended a final dividend of ₹1 per equity share (100% of face value) for FY 2025-26.
Fixed June 19, 2026, as the Record Date for determining dividend eligibility.
Re-appointed Mr. Ravindra Kumar Singh as Whole Time Director for a 3-year term effective November 1, 2026.
Statutory auditors S R B C & Co. LLP issued an unmodified opinion on standalone and consolidated results.
The 28th Annual General Meeting (AGM) is scheduled for July 7, 2026.

💡 Investors should ensure they hold the shares by the record date of June 19, 2026, to be eligible for the ₹1 dividend. The management continuity and unmodified audit report are positive indicators of corporate governance.

AWL Agri Business Schedules Q4 and FY26 Earnings Conference Call for April 29, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 23 Apr 2026, 05:31 PM

AWL Agri Business Limited (formerly Adani Wilmar) has announced its earnings conference call for Wednesday, April 29, 2026, at 11:00 AM IST. The call will discuss the company's financial and operational performance for the fourth quarter and the full fiscal year ended March 31, 2026. Senior leadership, including the CEO, COO, and Interim CFO, will be present to interact with analysts and investors. This meeting follows the formal announcement of the annual financial results.

Earnings call scheduled for April 29, 2026, at 11:00 AM IST following Q4 and FY26 results.
Management representation includes Executive Deputy Chairman Angshu Mallick and CEO Shrikant Kanhere.
Universal dial-in numbers provided are +91 22 6280 1144 and +91 22 7115 8045.
International toll-free access available for investors in the USA, UK, Singapore, and Hong Kong.

💡 Investors should monitor the call for management's guidance on volume growth and margin sustainability in the edible oil and foods segment. It is a key event to assess the company's performance trajectory following its rebranding to AWL Agri Business.

AWL Agri Business Launches Fortune Multigrain Atta to Expand Premium Flour Portfolio

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 24 Mar 2026, 04:05 PM

AWL Agri Business (formerly Adani Wilmar) has launched 'Fortune Atta with Multigrains' to target the high-growth, health-conscious consumer segment. The product features a blend of eight grains and is positioned as a premium, higher-margin alternative to standard chakki atta. Initially available in 5-kg packs through quick commerce and e-commerce in major metros, the launch leverages AWL's massive distribution network of 2.1 million retail outlets. This strategic move aims to strengthen the company's No. 2 position in the Indian flour market and improve overall profitability through value-added products.

New product contains 8 grains including soy, chana, oats, barley, and psyllium husk for gut health.
Fortune brand currently reaches 123 million households, representing 1 in 3 Indian families.
Distribution starts with 5-kg packs on platforms like Blinkit and Zepto in Delhi, Mumbai, and Bengaluru.
AWL maintains a robust infrastructure with 24 manufacturing facilities and 10,000+ distributors.

💡 Investors should monitor the company's success in scaling value-added food products as they offer superior margins compared to basic staples. Continued expansion into premium categories is a key driver for long-term margin expansion in the FMCG segment.

AWL Agri Business Dissolves Subsidiary AWL Edible Oils and Foods; Zero Revenue Impact

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 23 Mar 2026, 06:28 PM

AWL Agri Business Limited (formerly Adani Wilmar) has announced the successful strike-off and dissolution of its subsidiary, AWL Edible Oils and Foods Private Limited, effective March 23, 2026. The subsidiary was non-operational, contributing zero revenue to the group in the previous financial year ending March 31, 2025. Its net worth stood at a negligible ₹6.81 lakh, making the financial impact of this dissolution immaterial. This move is part of a routine administrative cleanup of the company's corporate structure.

Subsidiary AWL Edible Oils and Foods Private Limited officially struck off and dissolved effective March 23, 2026.
The subsidiary reported zero revenue from operations for the financial year ending March 31, 2025.
Net worth of the dissolved entity was approximately ₹6.81 lakh as of March 31, 2025.
The strike-off application was originally filed with the Registrar of Companies on January 27, 2026.

💡 No action is required as the dissolved entity was non-operational and its removal has no material impact on AWL's consolidated financials or core business operations.

AWL Agri Business to Meet Analysts and Investors in Mumbai on March 24, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Mar 2026, 12:43 PM

AWL Agri Business Limited, formerly known as Adani Wilmar Limited, has scheduled one-on-one interactions with various analysts and investors in Mumbai on March 24, 2026. This meeting is part of the company's regular investor relations outreach as per SEBI Listing Regulations. The company has explicitly stated that no unpublished price-sensitive information or forward-looking statements will be discussed during these sessions. Such routine disclosures are standard for large-cap companies to maintain transparency with institutional stakeholders.

One-on-one investor and analyst meetings scheduled for March 24, 2026, in Mumbai.
Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Company confirms no price-sensitive information or forward-looking statements will be shared.
The schedule is subject to change based on exigencies from either the company or the participants.

💡 No immediate action is required as this is a routine regulatory filing. Investors should look for any subsequent corporate presentations or transcripts that may be uploaded to the exchange following the meetings.

AWL Agri Business Penalized Rs 2.75 Lakh by Customs Authority Over MEIS Scrip Issue

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 14 Mar 2026, 11:02 AM

AWL Agri Business Limited (formerly Adani Wilmar) has been served an order by the Office of the Principal Commissioner of Customs, Ahmedabad, imposing a penalty of Rs 2.75 lakh. The issue involves Merchandise Exports from India Scheme (MEIS) scrips purchased from a third party that were found to be wrongly availed by the original exporter. As a result, AWL's use of these scrips for customs duty payment was flagged as a violation. The company plans to appeal the decision and maintains that there will be no material impact on its financial or operational performance.

Penalty of Rs 2,75,000 imposed under the provisions of the Customs Act, 1962.
Violation relates to the wrongful utilization of MEIS scrips purchased from a third-party vendor.
The order was received by the company on March 13, 2026, following a February 27, 2026, ruling.
AWL Agri Business intends to file an appeal against the order before the appropriate authority.
Management confirms the penalty will not have a material impact on company operations or financials.

💡 The penalty amount is negligible compared to the company's scale, making this a minor regulatory event. No immediate action is required from investors as it does not affect the company's core fundamentals.

AWL Agri Business (Adani Wilmar) Penalized ₹28.7 Lakhs by GST Authority

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 27 Feb 2026, 04:35 PM

AWL Agri Business Limited, formerly known as Adani Wilmar, has received an appellate order from the Additional Commissioner of CT & GST (Appeal) in Cuttack. The order confirms a penalty of ₹28,72,625 regarding a refund claim under the Inverted Duty Structure of the GST Act. The company received the order on February 26, 2026, and intends to file an appeal against this imposition. Management has clarified that this development will not have any material impact on the company's financial or operational activities.

Penalty of ₹28,72,625 imposed by the Additional Commissioner of CT & GST (Appeal), Cuttack.
The order relates to a refund claim under Section 54(3) (Inverted Duty Structure) of the GST Act.
The company plans to appeal the order before the appropriate higher authority.
Management states there is no material impact on financial or operational performance.

💡 No immediate action is required as the penalty amount is immaterial relative to the company's size. Investors should continue to monitor for any systemic tax compliance patterns.

AWL Agri Business Achieves Score of 60 in S&P Global Corporate Sustainability Assessment

🟢 POSITIVE ⭐ 4/10

OTHER 📅 13 Feb 2026, 06:13 PM

AWL Agri Business Limited, formerly known as Adani Wilmar, has achieved a score of 60 in the latest S&P Global Corporate Sustainability Assessment (CSA). This score serves as a global benchmark for evaluating the company's Environmental, Social, and Governance (ESG) performance. The result indicates a high level of sustainability maturity compared to global peers in the Agri-Business sector. Such disclosures are increasingly important for attracting institutional investors who prioritize ESG criteria in their portfolios.

Achieved an ESG score of 60 in the S&P Global Corporate Sustainability Assessment
The score was officially communicated to the company on February 12, 2026
Positions AWL as a proactive leader in sustainability within the global Agri-Business sector
The assessment uses rigorous ESG criteria to benchmark corporate performance

💡 Investors should view this as a positive indicator of the company's long-term risk management and ESG compliance. It enhances the company's appeal to ESG-focused institutional funds.

AWL Agri Business Q3 FY26: Revenue Up 10%, EBITDA Reaches INR 637 Cr with Strong Food Growth

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 09 Feb 2026, 05:43 PM

AWL Agri Business reported a 10% YoY revenue growth and a 3% volume increase for Q3 FY26, driven by an 8% growth in edible oils. The company maintained a consistent EBITDA of over INR 600 crores for the quarter, with a trailing twelve-month EBITDA reaching INR 2,200 crores. Significant momentum was seen in alternate channels, which grew 42%, and the Kohinoor brand, which surged 32%. The food segment is now EBITDA positive, though management expects another 2-3 years for it to reach a mature margin profile of 5-7%.

Consolidated revenue grew 10% YoY with Q3 EBITDA standing at INR 637 crores.
Edible oil volumes increased by 8% YoY, supported by double-digit growth in the mustard oil category.
Alternate channel volumes grew 42% YoY, with quick commerce specifically rising by 65%.
Basmati rice market share improved to 11.9% on a MAT basis, while Kohinoor brand grew 32%.
G.D. Foods acquisition delivered 18% volume growth with healthy material margins of 54%.

💡 Investors should monitor the scaling of the food segment and the integration of G.D. Foods, as these higher-margin businesses are key to long-term profitability. The stock remains a strong play on the premiumization of Indian kitchens and the rapid growth of quick commerce.

AWL Agri Business to Attend Nuvama Institutional Equities Conference on February 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Feb 2026, 12:03 PM

AWL Agri Business Limited, formerly known as Adani Wilmar Limited, has announced its participation in the Nuvama Institutional Equities 21st India Conference. The event is scheduled for February 10, 2026, in Mumbai and will involve group and one-on-one meetings with various analysts and institutional investors. The company has explicitly stated that no unpublished price-sensitive information or forward-looking statements will be discussed during these sessions. This disclosure is part of the company's routine regulatory compliance under SEBI Listing Obligations.

Participation in the Nuvama Institutional Equities 21st India Conference in Mumbai.
Scheduled date for the investor interaction is Tuesday, February 10, 2026.
Meetings will be conducted in both group and one-on-one formats.
Company confirms no price-sensitive information will be shared during the event.
Announcement made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 This is a routine investor relations event; no immediate action is required. Investors may look for any subsequent investor presentations or transcripts that might be uploaded to the exchange following the conference.

View All AWL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 24% YoY to INR 63,672 Cr in FY25. Edible Oil revenue grew 28% to INR 49,736 Cr; Food and FMCG revenue surged 26% to INR 6,273 Cr; Industry Essentials revenue grew 2% to INR 7,663 Cr.

Geographic Revenue Split

Domestic operations contribute the vast majority of revenue through 10,000+ distributors and 2.1 million retail outlets. International presence includes a Bangladesh subsidiary which reported a net loss of INR 57 Cr in FY25, an improvement from INR 111 Cr loss in FY24.

Profitability Margins

Gross profitability is sensitive to import duties and commodity prices. PBILDT margin improved to 3.90% in FY25 from 2.22% in FY24, driven by inventory gains from a September 2024 custom duty hike and improved sales realizations in H2FY25.

EBITDA Margin

PBILDT margin stood at 3.90% in FY25. Core profitability improved due to a 9% increase in total sales volume and better alignment of hedges, leading to significant improvement in PBILDT per Metric Tonne.

Capital Expenditure

Incurred INR 995 Cr in FY25 (funded by INR 734 Cr IPO proceeds and INR 170 Cr debt). Planned capex of INR 2,000 Cr to INR 2,400 Cr for FY26 and FY27 for greenfield oleo business and refining expansion.

Credit Rating & Borrowing

Long-term bank facilities of INR 1,230 Cr rated CARE AA-; Stable. Short-term facilities and Commercial Paper rated CARE A1+. Borrowing costs are competitive due to strong parentage and a capital base of INR 9,359 Cr.

⚙️ Operational Drivers

Raw Materials

Crude edible oils (Palm, Soya, Sunflower) represent the bulk of input costs. Other materials include Wheat, Paddy (Rice), Mustard seeds, and chemicals for the Oleo business.

Import Sources

Imports are sourced from Indonesia and Malaysia (Palm oil), Argentina and Brazil (Soya oil), and Ukraine and Russia (Sunflower oil).

Key Suppliers

Wilmar International Limited (WIL) provides global procurement linkages and real-time price information. Other suppliers include regional agricultural producers for wheat and rice.

Capacity Expansion

Current refining capacity is 18,310 TPD and crushing capacity is 7,775 TPD. Expansion includes a new castor derivative plant and increased refining capacity at the Hazira plant by FY27.

Raw Material Costs

Raw material costs are highly volatile; inventory gains occurred in FY25 due to higher import duties. Procurement is managed through a defined hedging system with stop-loss limits set by a risk committee.

Manufacturing Efficiency

Operates 24 owned plants and 52 third-party units. Integrated manufacturing and proximity to consumption centers provide logistical advantages and higher operating efficiencies.

Logistics & Distribution

Distribution is a core strength with 10,000+ distributors. Leveraging AWL's existing network for acquired brands (like Tops) reduces incremental distribution costs.

📈 Strategic Growth

Expected Growth Rate

26%

Growth Strategy

Scaling Food & FMCG to reach INR 10,000 Cr TOI through regional customization, expansion in Q-commerce, and leveraging the 'Fortune' brand. Growth is supported by the acquisition of GD Foods (Tops brand) and expansion into oleochemicals.

Products & Services

Edible oils (Soybean, Palm, Mustard, Rice Bran), Wheat Flour (Atta), Basmati Rice, Besan, Sauces, Jams, Soap noodles, Glycerine, and Castor oil derivatives.

Brand Portfolio

Fortune, Tops, Raag, Bullet, Fryola, Kings.

New Products/Services

Expansion of the 'Tops' product line (sauces/jams) and new oleochemical products. Food & FMCG segment volume grew 26% YoY, indicating high consumer acceptance of new SKUs.

Market Expansion

Targeting rural penetration in 50,000+ towns and aggressive digital commerce strategies. Expanding the oleochemical business through a new greenfield plant.

Market Share & Ranking

Market leader in domestic edible oils (Fortune brand). Ranks among top 3 in Basmati rice and Wheat flour. Market share in Soybean oil increased by 10 bps in FY25.

Strategic Alliances

Joint venture with Wilmar International (Singapore), which holds a 63.94% stake. Strategic acquisition of GD Foods (Tops) and OCIPL to bolster the FMCG portfolio.

🌍 External Factors

Industry Trends

Shift toward branded packaged staples (9% total volume growth for AWL). Rapid growth in Q-commerce and digital platforms, where AWL's alternate channels grew 35% in Q2FY26.

Competitive Landscape

Faces competition from large FMCG players in the food segment and regional refiners in the edible oil segment. Competitive edge is maintained through integrated manufacturing.

Competitive Moat

Moat consists of the 'Fortune' brand equity, the largest edible oil refinery in India (Mundra), and global procurement synergies with Wilmar. These are sustainable due to high entry barriers in large-scale port-based refining.

Macro Economic Sensitivity

Highly sensitive to global edible oil price cycles and domestic inflation. Demand for premium food options is rising with increasing consumer health-consciousness.

Consumer Behavior

Increasing preference for health-oriented, convenient, and premium branded food options over loose/unbranded products.

Geopolitical Risks

Conflict in Ukraine and Russia impacts sunflower oil supply chains. Indonesia's B35/B40 biodiesel blending mandates affect global palm oil availability and pricing.

⚖️ Regulatory & Governance

Industry Regulations

Subject to FSSAI standards and government import duty structures. The differential between crude and refined oil duties is a key determinant of refining margins.

Environmental Compliance

Invested in green manufacturing and solar power (3.2 MW). Adheres to Wilmar’s 'No Deforestation, No Peat, No Exploitation' (NDPE) policy.

Taxation Policy Impact

GST 2.0 implementation saw tax on GD Foods products drop from 18% to 5%, which is expected to drive double-digit volume growth in H2FY26.

⚠️ Risk Analysis

Key Uncertainties

Volatility in international CPO (Crude Palm Oil) prices and domestic agro-climatic conditions affecting crop yields for mustard and soya.

Geographic Concentration Risk

High concentration in India; however, manufacturing is diversified across 10 states. Bangladesh subsidiary provides some international exposure but remains a small portion of the business.