Adani Wilmar sees revenue, volume growth in Q2 FY26 amid edible oil strength

Adani Wilmar Agri Business Limited reported strong Q2 FY26, with consolidated revenue increasing 22% year-on-year to INR 17,605 crores and overall volumes up 7% quarter-on-quarter. The Food & FMCG segment saw a 21% volume increase sequentially, though overall year-on-year volume growth was impacted by inflation in edible oil prices and a decline in non-branded rice sales. Consolidated PAT for the quarter stood at INR 245 crores, a 3% increase quarter-on-quarter.

For the first half of FY26, consolidated revenue reached INR 34,663 crores, a 21% rise from the previous year, with PAT at INR 483 crores. The company maintained strong sequential momentum, with edible oil revenue for Q2 FY26 increasing 26% year-on-year to INR 13,828 crores, despite a low-single digit decline in branded sales volume for palm and mustard oil. Industry essentials demonstrated robust performance, with Q2 FY26 revenue up 19% year-on-year to INR 2,096 crores and PBT soaring 135% to INR 131 crores.

Alternate channels, including quick commerce, significantly contributed to revenue, reaching over INR 4,400 crores for the last twelve months ending September 2025. Quick commerce sales volume was up 86% year-on-year in Q2. The company also noted increased direct reach to 900,000 outlets across urban and rural areas, driven by an 11% year-on-year growth in urban outlets and a 19% year-on-year growth in rural outlets.