AWL Agri Business (AWL) Q1 24/25 earnings summary

Executive summary

• Achieved double-digit sales volume growth (up 13% standalone, 12% consolidated) and record EBITDA in Q1 FY25, with consolidated revenue at INR 14,169 crore and strong recovery in profitability.

• Edible oils and Foods & FMCG segments delivered robust growth, with Foods & FMCG revenue up 40% year-on-year.

• Distribution reach expanded 18% year-on-year, with rural town coverage up 40% and inclusion in the FTSE4Good Index Series for ESG progress.

• Unaudited standalone and consolidated financial results for Q1 FY25 were approved and published, with no material misstatements found by auditors.

• Statutory auditors conducted a limited review and found no material misstatements in the financial statements.

Financial highlights

• Consolidated Q1 FY25 revenue was INR 14,169 crore, up from INR 12,928.08 crore year-over-year; standalone revenue reached INR 14,169 crore.

• Consolidated net profit for Q1 FY25 was INR 313.20 crore, compared to a loss of INR 78.92 crore in Q1 FY24; standalone net profit was INR 323.55 crore.

• Gross profit increased 54%-58% year-on-year, and consolidated EBITDA rose to INR 619 crore, with standalone EBITDA at INR 604 crore.

• Edible oil segment profit at INR 398 crore, with volumes up 12% year-on-year to over 1 million tons.

• Food and FMCG revenue grew 40% year-on-year to over INR 1,500 crore; segment revenue at INR 1,532.96 crore.

Outlook and guidance

• Management expects to sustain current run rate, assuming stable commodity prices and no major geopolitical disruptions.

• Focus on expanding distribution, especially in rural and alternate channels, and increasing premium brand mix.

• Food and FMCG basket targeted to reach 1.25 million tons this year; rice volumes expected to grow 30%-40% annually for the next three years.

• Gohana integrated plant expected by March 2025 to improve capacity utilization and supply chain.

• No consequences from short seller report or pending regulatory proceedings as of the reporting date.