New Delhi, July 15 -- AWL Agri Business, formerly known as Adani Wilmar, released its June quarter performance today, July 15, reporting a 24% year-on-year (YoY) decline in consolidated net profit to Rs.238 crore, as the company faced a challenging quarter due to a combination of headwinds, muted consumer demand, strategic consolidation of regional rice operations, the absence of a one-off G2G rice business present in the base year, and fluctuations in edible oil prices.

These factors led to a 5% YoY decline in overall volumes in Q1, with the rice category being the key drag. Encouragingly, core categories delivered healthy volume growth, while revenue rose 21% YoY to Rs.17,059 crore, driven by higher realizations in edible oils.

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