Jefferies starts India's AWL Agri Business at 'buy' on scale-driven growth strategy

AWL Agri Business

20/05/2026 05:00

** Jefferies initiates coverage on India's AWL Agri Business AWLA.NS with "buy" rating, TP at 260 rupees, citing scale-driven upside and foods business turnaround

** Brokerage says company's shift from edible oils to a broader kitchen essentials portfolio could improve earnings quality over the long term

** Jefferies, however, notes elevated competition and slower near-term profitability improvement in foods business remain key monitorables

** Shares of AWL Agri fall 1.84% to 198.31 rupees on the day

** AWLA rated "buy" on average by six analysts, median PT at 290 rupees, per LSEG-compiled data

** YTD, AWL Agri stock down 14.8%

 (Reporting by Surbhi Misra in Bengaluru)

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