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Revenue
₹21,465 Cr
verified against source
Revenue YoY
18%
reported change
EBITDA
₹628 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
AWL Agri Business delivered a strong Q4 FY26 with consolidated revenue of ₹21,000 crore (+18% YoY), EBITDA of ₹628 crore (+40% YoY), and PAT of ₹293 crore (+54% YoY). Volume growth of 14% was driven by edible oil (+17%), while food & FMCG grew 6%. The company achieved highest-ever quarterly revenue and PAT, with EBITDA per ton at ₹3,400 (+23% YoY). Management guided for double-digit food volume growth in FY27, prioritizing top-line over margins, and expects EBITDA per ton to remain in the ₹3,500-3,600 range. Alternate channels grew 43% and now contribute 15% of edible oil volumes. Risks include input cost inflation from the Iran conflict impacting Q1 FY27 and potential demand sluggishness in April due to inventory destocking.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets double-digit (mid-teens) volume growth in the food segment for FY27, prioritizing top-line over margins.
- Management guided that EBITDA per ton should remain in the ₹3,500-3,600 range on a steady-state basis.
- Management expects food segment EBITDA per ton to reach ₹1,500-2,000 from FY28 onwards, after prioritizing volume growth.
- Management expects alternate channels to contribute 30-35% of total volumes in the coming years, up from 15% currently.
Risks flagged
- The Iran conflict led to higher crude oil, packing material, and chemical costs, which will impact Q1 FY27 margins as inventory is consumed.
- Management noted sluggish demand in April as trade consumes inventory accumulated in March, potentially affecting Q1 volumes.
- Management explicitly stated that priority on volume growth in FY27 may lead to margin dilution in the food segment.
- When asked about the valuation gap vs peers like LT Foods and KRBL, management gave a non-specific response, indicating no clear catalyst for re-rating.
Key quotes
- We have been able to deliver 14% volume growth and delivered close to 1.9 million volume. We also could able to register a highest ever quarterly revenue of plus of 21,000 cr which is 18% year-on-year growth.
- At least for FY27 for sure and maybe some part of FY28 also we will certainly give priority to the top line rather than margins.
- The reason for giving guidance in margin per ton is very simple because the product levels at which we operate gets impacted due to the price movement in the commodities... we say it is better for investing community to track our margins on a per ton basis.
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