AWL Agri pivots to packaged foods to escape edible oil margin swings

Fortune-maker AWL Agri is accelerating its shift into rice, pulses, sauces and soaps, targeting 30% revenue from food/FMCG in 2-3 years versus 8.8% today. Plans Rs 10,000 crore food revenue by 2027 via acquisitions and quick commerce, leveraging 2.6 million outlets.

— Source publishedMon, 1 Jun, 2026, 19:45 IST·First seen Mon, 1 Jun, 2026, 20:14 IST·Source Business Today · Latest

What happened

AWL Agri Business · AWL Agri, maker of Fortune oils, is pivoting toward packaged food and FMCG (rice, pulses, sauces, soaps) to hedge against volatile edible

Key facts

  • Rs 73,731 crore FY26 revenue
  • 81% from edible oil
  • 8.8% from food/FMCG
  • 30% food/FMCG target in 2-3 years
  • Rs 10,000 crore food revenue target by 2027
  • Rs 1,045 crore FY26 profit
  • 2.6 million outlets distribution
  • stock down 48% since 2022 IPO

Why this matters

AWL is now an active acquirer in rice, pulses, sauces, and soaps, signaling consolidation pressure on mid-tier branded staples and adjacent FMCG targets.

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