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AWL Agri Business reports 21% profit decline to Rs 244.85cr in Q2. Revenue up, edible oils growth strong, FMCG impacted by rice exports.

AWL Agri Business Ltd targets over 10% revenue growth in FY26, driven by strong demand for edible oils and food items. Focus on Fortune brand.

AWL Agri Business Q1 profit falls 24% to Rs 238 crore due to higher expenses, despite increased revenue. Edible oil revenue up, but volumes down.

Adani Wilmar's Q3 net profit more than doubled to Rs 411 crore, driven by strong edible oil sales. Revenue also grew significantly, with edible oil sales leading the way.

Adani Wilmar shares climbed 5% after Adani Enterprises announced the demerger of its food-FMCG division. The move aims to unlock value for shareholders and focus on the edible oil business.

Adani Enterprises is demerging its food-FMCG division and strategic investments in Adani Commodities to Adani Wilmar to focus on growth and profitability.

Adani Wilmar plans to invest Rs 600 crore to expand its edible oil business and solar power capacities. The company also plans to launch new food products for consumers and institutional buyers.

Adani Wilmar shares climbed 6% on Monday after reporting a strong Q1 net profit of Rs 313.20 crore driven by higher revenue from cooking oils and FMCG products.

Adani Wilmar reported a consolidated net profit of Rs 313.20 crore for the April-June quarter, a significant turnaround from a loss in the same period last year.

Adani Wilmar posted a Rs 130.73 crore net loss in Q2 FY24 due to weak edible oil performance. Revenue fell to Rs 12,331.20 crore, while volumes grew 11% to 1.46 million tonnes.