AWL Agri Business Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Margins

Q3 FY26EBITDA per ton guidance maintained at ₹3,500-3,600Active

Management reiterated sustainable EBITDA per ton range of ₹3,500-3,600, supported by risk management and non-speculative positions.

Q3 FY26Food business to remain in investment phase for 2-3 yearsTracked

Food business EBITDA margins expected to reach 5-7% but only after 2-3 years of continued investment.

Q4 FY26EBITDA per ton steady state range: ₹3,500-3,600Active

Management guided that EBITDA per ton should remain in the ₹3,500-3,600 range on a steady-state basis.

Q4 FY26Food EBITDA per ton target: ₹1,500-2,000 from FY28Tracked

Management expects food segment EBITDA per ton to reach ₹1,500-2,000 from FY28 onwards, after prioritizing volume growth.

Revenue

Q3 FY26₹10,000 crore food revenue target likely delayed to FY28Tracked

The earlier aspiration of ₹10,000 crore food revenue by FY27 may slip to FY28, though the company expects to be in striking distance.

Growth

Q3 FY26Single-digit edible oil and double-digit food growth expectedActive

Management expects single-digit volume growth in edible oils and double-digit growth in food going forward, supported by stable prices and improving demand.

Q4 FY26Food volume growth target: mid-teens in FY27Tracked

Management targets double-digit (mid-teens) volume growth in the food segment for FY27, prioritizing top-line over margins.

Q4 FY26Alternate channel volume share target: 30-35%Tracked

Management expects alternate channels to contribute 30-35% of total volumes in the coming years, up from 15% currently.