AWL Agri Business (AWL) Q2 24/25 earnings summary

Executive summary

• Achieved double-digit growth in both volume and value for Q2 FY25, with consolidated sales volume up 12% YoY and revenue up 18% YoY to INR 14,460 crores.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2024.

• Highest-ever half-yearly EBITDA in H1'25 at INR 1,232 crores; Q2'25 EBITDA at INR 613 crores.

• Edible oils and Foods & FMCG segments drove growth, while Industry Essentials saw a YoY decline.

• Alternate channels and HoReCa distribution posted strong double-digit growth.

Financial highlights

• Consolidated Q2'25 revenue: INR 14,460 crores, up 18% YoY; EBITDA: INR 613 crores, up 326% YoY; PAT: INR 311 crores, compared to a loss of INR 131 crores in Q2'24.

• Standalone trailing 12-month EBITDA close to INR 2,100 crores.

• Food & FMCG segment revenue grew 34% YoY in Q2'25 to INR 1,718 crores; Edible Oil revenue up 21% YoY to INR 10,977 crores.

• Gross profit and EBITDA normalized for derivative impacts; Q2'25 normalized gross profit at INR 1,818 crores.

• Basic and diluted EPS for Q2 FY25 stood at ₹2.39, compared to ₹-1.01 in Q2 FY24.

Outlook and guidance

• Targeting Food & FMCG revenue of INR 10,000 crores by FY27.

• Continued focus on expanding distribution, increasing rural and alternate channel penetration, and launching new value-added products.

• No explicit forward-looking guidance provided, but continued focus on growth and operational efficiency is implied.