Investor Presentation on the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September 2026

Agri business Ref No: AWL/SECT/2026-27/55 October 27, 2026 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 543458 Scrip Code: AWL Dear Sir / Madam, Sub: Investor Presentation on the Unaudited Financial Results (Consolidated and Standalone) for the quarter and half year ended on September 30, 2026. The Investor Presentation on the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended on September 30, 2026 is enclosed. This presentation will also be available on the Company’s website – www.awl.in. Kindly take the above on your records. Thanking you, Yours faithfully, For AWL Agri Business Limited (formerly known as Adani Wilmar Limited) Darshil Lakhia Company Secretary Memb. No:A20217 AWL Agri Business Ltd. Formerly known as Adani Wilmar Ltd. Fortune House Tel +91 79 2645 5650 Nr Navrangpura Railway Crossing, Fax +91 79 2645 5621 Ahmedabad 380 009, Gujarat, India info@awl.in CIN: L15146GJ1999PLC035320 www.awl.in For a healthy growing nation Registered Office: Fortune House, Nr Navrangpura Railway Crossing, Ahmedabad 380 009, Gujarat, India Agribusiness Investor Presentation: Q2 & H1FY27 Safe Harbour Statement This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of these expressions or negatives of these terms indicating future performance or results, financial or otherwise, which are forward looking statements. These forward looking statements are based on certain expectations, assumptions, anticipated developments and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, market growth, intense competition and the pricing environment in the market, consumption level, ability to maintain and manage key customer relationship and supply chain sources and those factors which may affect our ability to implement business strategies successfully, namely changes in regulatory environments, political instability, change in international oil prices and input costs and new or changed priorities of the trade. The Company, therefore, cannot guarantee that the forward-looking statements made herein shall be realized. The Company, based on changes as stated above, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events. The Company does not undertake any obligation to update forward looking statements that may be made from time to time by or on behalf of the Company to reflect the events or circumstances after the date hereof. Agri business Building India’s Trusted Food Platform Overall Performance Highlights: Q2 & H1FY27 Consolidated figures Revenue from UVG % EBITDA* Operations ₹ 22,202 Cr 14% ₹ 623 Cr Q2FY27 Underlying Volume Growth 26 % YoY 11 % YoY (YoY) ₹ 42,250 Cr 11% ₹ 1,347 Cr H1FY27 Underlying Volume Growth 22 % YoY 25 % YoY (YoY) Agri business Food & FMCG Highlights : Q2 & H1FY27 Consolidated figures Revenue from EBITDA* EBITDA % Operations ₹ 2,216 Cr ₹ 71 Cr Q2FY27 32 % YoY -7 % YoY *Avg. Margin (8Q): 3-4% ₹ 3,943 Cr ₹ 175 Cr H1FY27 27 % YoY *Avg. Margin: 3-4% 2 % YoY Note: *EBITDAexcluding other income Agri business Food & FMCG: Steady Increase in Business Mix – Q2FY27 12% 13% Revenue Mix 10% Q2FY26 vs Q2FY27 10% Q2FY27 Q2FY26 ■ Edible Oil ■ Food & FMCG ■ Industry Essentials ■ Edible Oil ■ Food & FMCG ■ Industry Essentials Volume Mix 21% 23% Q2FY26 vs Q2FY27 Q2FY26 Q2FY27 ■ Edible Oil ■ Food & FMCG ■ Industry Essentials ■ Edible Oil ■ Food & FMCG ■ Industry Essentials Agri business Normalized Gross Profit & EBITDA Reconciliation of Normalized Gross Profit and EBITDA Consolidated figures Since Q4FY24 results, there has been a reclassification of Derivative gain / loss Earlier Classification Revised Classification Derivative gain / loss were classified under Derivative gain / loss is now classified under “Cost of Material Consumed” “Other Income / Other Expenses” Normalized Gross Profit Normalized EBITDA (excl. Other Income) INR Crs Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 INR Crs Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 Reported Gross Profit 2,112 2,201 2,049 4,313 3,653 Reported EBITDA 623 725 688 1,347 1,054 Derivative Impact (A) -26 67 130 41 0 Derivative Impact (A) (other Expenses) 0 0 0 0 0 (other Expenses) Derivative Impact (B) 0 0 0 0 24 (other Income) Derivative Impact (B) 0 0 -130 0 24 (other Income) Normalized Gross Profit 2,138 2,134 1,920 4,272 3,677 Normalized EBITDA 623 725 559 1,347 1,078 Derivate Impact (A): Loss included in “Other Expenses”; Derivative Impact (B):Gain included in “Other Income” Agri business Segment Highlights Agri business Food & FMCG Highlights: Q2FY27 Consolidated figures Revenue: ₹ 2,216 Cr EBITDA: ₹ 71 Cr EBITDA Margin: 3 % 32% YoY -7% YoY *Avg. Margin (8Q): 3-4% Segment Commentary • H1FY27 Food & FMCG revenue stood at ₹3,943, delivering EBITDA of ₹175 with a 4% EBITDA Margin. • Fortune and Kohinoor continued to deliver double-digit revenue growth. • Fortune Pulses grew 40%+ YoY, with quarterly revenue surpassing of ₹100 Cr UVG grew 28% YoY in Q2FY27, driven by strong momentum across categories Health & Convenience portfolio maintained strong growth, supported by a diversified product range including Soya Nuggets, Sattu, Brown Rice, Biryani Kits, and functional oils. Broad-based growth across brands and categories continues to drive the Food & FMCG growth trajectory Note: 8Q Avg. Margin represents the average EBITDA margin over the last 8 quarters. Agri business GD Foods (Sauces & Condiments): Q2FY27 Channel-led Growth (Value) Material Margin % Revenue Growth YoY General Trade: +24% +50% Alternate channels: +27% Segment Commentary Tops portfolio continued to demonstrate strong double-digit growth momentum. UVG grew 28% YoY, driven by robust demand across Pickles, Noodles and Sauces. Channel expansion remained healthy, with General Trade and Alternate Channels growing 24% and 27%, respectively. Tops product portfolio was strengthened through new launches, including Chilly Oil, Multigrain Choco and No Onion-No Garlic Tomato Ketchup Category momentum and portfolio expansion drive Tops growth Agri business Food & FMCG Quarterly EBITDA Margins Standalone figures Quarterly EBITDA Performance 4% ------ -------------------- ------ - - - - Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 =--- : Average EBITDA Margin h~ --------------------------------~~ Average long-term EBITDA margins of 3-4%, with continued scaling of the Food & FMCG business expected to drive further improvement over the next five years Agri business Edible Oil Highlights: Q2FY27 Consolidated figures Revenue: ₹ 17,067 Cr Volume: 1.1 MMT EBITDA per Ton: ₹ 4,091 23% YoY 5% YoY 6%YoY Segment Commentary • Edible Oil volumes grew 5% YoY, while maintaining healthy profitability despite continued volatility in global edible oil prices. • H1FY27 Oil revenue stood at ₹32,532 Cr, with EBITDA/MT of ~₹4,700. • Growth was driven by strong demand for domestic oils, particularly mustard, groundnut and cottonseed. • AWL maintained its market leadership and stable market share despite a challenging operating environment. Market leadership and a strong domestic oils portfolio continue to drive resilient growth Agri business Industry Essentials Highlights: Q2FY27 Consolidated figures Revenue: ₹ 2,918 Cr Volume: 0.44 MMT EBITDA per Ton: ₹ 4,335 39% YoY 26% YoY 8% YoY Segment Commentary • H1FY27 Industry Essential revenue stood at ₹5,775 Cr, with volume growt [Showing first 8,000 characters — download PDF for full document]