AWL Agri Business (AWL) Q4 25/26 earnings summary

Executive summary

• Q4 FY26 saw significant macro volatility, including the Iran conflict, impacting supply chains, commodity prices, and currency depreciation, but the company delivered strong topline momentum with consolidated revenue up 18% YoY and volumes up 14% YoY, driven by edible oil and food segment growth.

• Profitability improved in Q4 with PAT up 54% YoY and operational EBITDA up 40% YoY; however, full-year EBITDA and PAT declined 6% and 15% YoY due to one-off gains in the prior year.

• Focus areas included expanding alternate channels, branded exports, premium product launches, and significant expansion in direct outlet reach and rural coverage.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved and published, with an unmodified audit opinion from statutory auditors.

• Board recommended a final dividend of ₹1 per equity share for FY 2025-26, subject to shareholder approval.

Financial highlights

• Q4 consolidated revenue: ₹21,465 crore (+18% YoY); PAT: ₹293 crore (+54% YoY); EBITDA: ₹628 crore (+40% YoY).

• FY26 consolidated revenue: ₹74,731 crore (+17% YoY); PAT: ₹1,045 crore (-15% YoY); EBITDA: ₹2,343 crore (-6% YoY).

• Gross profit per MT in Q4: ₹12,415 (+19% YoY); EBITDA per MT: ₹3,333 (+23% YoY).

• Standalone revenue for FY 2025-26 was ₹72,307.63 crore, with net profit at ₹981.60 crore.

• EPS (consolidated) for FY 2025-26 was ₹8.05, compared to ₹9.43 in the previous year.

Outlook and guidance

• Q1 expected to feel the impact of higher input costs from March, with some demand sluggishness in April but recovery anticipated in May and June.

• Management expects continued growth in alternate channels and premium product portfolio, with a focus on operating leverage as capacity utilization remains below 65% in edible oil and 47% in food & FMCG.

• Food segment to prioritize volume growth over margins through FY27, targeting double-digit (mid-teens) volume growth.

• EBITDA per ton guidance maintained at INR 3,500–3,600.

• Board recommended a final dividend of ₹1 per share for FY 2025-26.