India's AWL Agri reports 23% rise in quarterly revenue on higher edible oil prices (updated)

AWL Agri Business

03/07/2025 16:52

Adds details from paragraph 2 onwards

July 3 (Reuters) - India's AWL Agri Business AWLA.NS, formerly known as Adani Wilmar, reported a 23% rise in its first-quarter standalone revenue on Thursday, as higher edible oil prices offset muted consumer demand during what the company called a "challenging quarter".

Higher prices in the edible oils segment, which account for nearly 80% of AWL Agri's overall revenue, helped counterbalance a 2% decline in sales volume for the business.

The consumer goods firm's standalone revenue excludes its discontinued G2G business, which involves rice sales to government-appointed export agencies. Including that business, revenue grew by 21%.

However, AWL Agri said that overall volumes fell 4% during the quarter ended June 30 due to weak consumer demand, the wind-down of its G2G business and the consolidation of its rice operations.

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Shailesh Kuber and Mohammed Safi Shamsi)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))