AWL Agri Business Limited (AWL) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

AWL Agri Business makes edible oils and food staples, with Q2’s volume mix and edible-oil costs central to the quarter’s operating picture. The print will put Food & FMCG’s 33% YoY growth and edible-oil volume growth of 3% in focus, alongside the company’s food-margin priorities.

AWL Agri Business Limited Q2 Results Date and Time

Board to meet Oct 27, 2026 to approve unaudited standalone and consolidated results for Q2/H1 FY27 (ended Sept 30, 2026)

Q2 FY27 earnings call on Oct 27, 6:30 PM IST, organized by ICICI Securities; management: Angshu Mallick, Shrikant Kanhere, Pankaj Goyal.

What to expect from AWL Agri Business Limited's Q2 FY27 results

AWL’s Oct 5 preliminary update reported Q2 volume growth of 12% YoY and revenue growth of 24% YoY, putting the contribution from Food & FMCG and edible-oil volumes in focus. Food & FMCG crossed Rs. 2,000 Cr in quarterly revenue for the first time, up 33% YoY, while Industry Essentials volume grew 25% YoY. Management has described Food & FMCG as its “single biggest priority for capital and management attention going forward” and said margins will consolidate once volumes exceed 1.5–1.6 million tons. Crude palm oil rose from 4,608 MYR/t on Jul 8 to ~4,975 MYR/t on Sep 7, while the rupee weakened ~3.8% since the start of FY27; AWL imports close to 70% of edible-oil raw materials and states stock of 30–35 days for palm, soya and sunflower.

Key Things To Watch

Q2 FY27 guidance scorecard: The call can clarify how the preliminary update compares with the company’s stated guidance.

• Revenue growth of 18%–20% — open-ended; the Q2 preliminary update showed 24% YoY growth, so ask whether the guidance changes.
• Food & FMCG revenue growth of mid-teen for FY27 — the Q2 update showed 33% YoY growth.
• Food & FMCG EBITDA margin of 3%–4% for FY27 — compare with Q1 FY27 actual margin of 6% and check whether the band is revised.
• Edible Oil volume growth of 5%–6% for FY27 — Q1 FY27 growth was 2% and the Q2 update showed 3%; seek an explanation.
• Edible Oil EBITDA of Rs. 4,000–4,500 per metric ton for FY27 — Q1 FY27 actual was Rs. 5,030 per ton; check sustainability.
• Industry Essentials volume growth of 8%–9% for FY27 — Q1 FY27 growth was 13% and the Q2 update showed 25%.
• Industry Essentials EBITDA of Rs. 3,000–3,500 per metric ton for FY27 — Q1 FY27 actual was Rs. 4,349 per ton.
• Foods revenue of Rs. 10,000 Cr for FY27, possibly slipping to FY28; Q2 Food & FMCG crossed Rs. 2,000 Cr in quarterly revenue, and the H1 run-rate remains to be discussed.
• Food segment EBITDA neutrality through FY27 and Rs. 1,500–2,000 per ton from FY28 — check the margin trajectory.
• Alternate channels at 30–35% of volumes, from 15% — check the current share.
• CAPEX of ~Rs. 700 Cr annually for the next four years and conversion of 50% of the food business from tolling to own operations — ask about any formal capex announcement.
• Vision 2030 goals of Rs. 100,000 Cr revenue, Rs. 4,000 Cr EBITDA, food revenues 2x, food volume share above 25% and ROCE above 20% — ask about interim milestones.

Derivative treatment, CFO and FSSAI update

• Q1 FY27 net derivative loss was Rs. 67.29 Cr; the call can address hedge proportions and the normalization mechanics.
• Pankaj Goyal, appointed CFO effective July 31, 2026, presents his first results call as permanent CFO.
• The certified order in the FSSAI Goa matter had not been received; the company said it would review the order and pursue legal remedies.

Import-duty changes and product-volume trends

• The call can quantify the impact of the Sept 23, 2026 import-duty cuts and standardized pack sizes on Q2 realizations and consumer offtake.
• Fortune brand volume declined by a low single digit in Q1 FY27; check for an update alongside Kohinoor’s 38% and Kings’ 27% volume growth.
• Food & FMCG growth accelerated from 22% YoY in Q1 FY27 to 33% in the Q2 update; check whether management’s “volume-first” food framing changes.