Investor Presentation

Agri business Ref No: AWL/SECT/2026-27/38 July 30, 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 (Standalone and Consolidated) for the quarter ended June 30, 2026. The Investor Presentation on the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026 is enclosed. This presentation will also be available on the Company’s website – www.awl.in. Kindly take the same on 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: Q1FY27 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: Q1FY27 Revenue from Operations UVG % EBITDA* ₹ 20,048 Cr 7% ₹ 693 Cr Underlying Volume Growth 18 % YoY 34 % YoY (YoY) Strong quarter driven by continued scale-up in Food & FMCG and leadership in edible oils Note: Consolidated figures. *Normalised EBITDA: EBITDA has been normalized by regrouping the commodity derivative impact Agri business Food & FMCG Highlights: Q1FY27 Consolidated figures Revenue EBITDA EBITDA % ₹ 1,726 Cr ₹ 104 Cr 9 % YoY *Avg. Margin (8Q): 3-4% 22 % YoY Strong revenue growth reflects the continued momentum of AWL’s branded Food & FMCG portfolio *8Q Avg. Margin represents the average EBITDA margin over the last 8 quarters. Agri business Food & FMCG: Steady Increase in Business Mix 13% 14% Revenue Mix 8% Q1FY26 vs Q1FY27 9% 79% 77% Q1FY27 Q1FY26 ■ Edible Oil ■ Food & FMCG ■ Industry Essentials ■ Edible Oil ■ Food & FMCG ■ Industry Essentials Volume Mix 23% 24% Q1FY26 vs Q1FY27 60% 57% Q1FY26 Q1FY27 ■ Edible Oil ■ Food & FMCG ■ Industry Essentials ■ Edible Oil ■ Food & FMCG ■ Industry Essentials Agri business Disclosure Framework Enhancement to Segment-Level Disclosures Consolidated figures Effective Q1FY27, Food & FMCG performance is presented on a margin basis, while Edible Oils & Industry Essentials will continue to be presented on a per-ton basis Food & FMCG Edible Oil & Industry Essentials Continued: Per-Ton Metrics New Lens: Margin-Based Metrics Edible Oil Industry Essentials Revenue: ₹1,726, 22% YoY • Revenue ₹15,465 Cr, 15% YoY ₹2,857 Cr, 28% YoY UVG* % : 18% YoY • Volume 0.98 MMT, 2% YoY 0.41 MMT, 13% YoY EBITDA: ₹104 Cr, 9% YoY • EBITDA ₹492 Cr, 33% YoY ₹176 Cr, 47% YoY EBITDA Margin: 6% • EBITDA per Ton ₹5,030, 30% YoY ₹4,349, 30% YoY *Underlying volume growth and YoY refers to year-on-year growth Company Level Disclosures (Consistent with Earlier Disclosures) Normalised Gross Profit & EBITDA Segment-wise EBITDA Segment-wise ROCE ➢ Normalised GP: ₹ 2,134 Cr ➢ Food & FMCG: ₹104 Cr ➢ Food & FMCG: 6% ➢ Normalised EBITDA : ₹693 Cr ➢ Edible Oil: ₹ 492Cr ➢ Edible Oil: 14% excluding other income ➢ Industry Essentials: ₹ 176 Cr ➢ Industry Essentials: 15% Agri business 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) in INR Crores in INR Crores Q1FY27 Q4FY26 Q1FY26 Q1FY27 Q4FY26 Q1FY26 Reported Gross Profit 2,201 2,236 1,604 Reported EBITDA 693 524 366 Derivative Impact (A) Derivative Impact (A) 67 - - - - - (other Expenses) (other Expenses) Derivative Impact (B) Derivative Impact (B) - 104 153 - 104 153 (other Income) (other Income) Normalized Gross Profit 2,134 2,340 1,757 Normalized EBITDA 693 628 519 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: Q1FY27 Consolidated figures Revenue: ₹ 1,726 Cr EBITDA: ₹ 104 Cr EBITDA Margin: 6 % 22% YoY 9% YoY *Avg. Margin (8Q): 3-4% Segment Commentary • Food & FMCG segment delivered robust revenue growth of 22% YoY to ₹1,726 crore, with EBITDA crossing ₹100 crore. • UVG stood at 18% YoY, driven by strong performance in rice, pulses, sugar, poha and home & personal-care products. • Fortune & Kohinoor continued to deliver double-digit revenue growth. • Continued gains in basmati rice market share alongside stable market share in wheat flour, as per Nielsen. • Alternate Channels (E-commerce, Quick Commerce & Modern Trade) continues to grow north of 25% YoY. Strong execution and portfolio diversification continue to drive profitable growth in the Food & FMCG business Note: 8Q Avg. Margin represents the average EBITDA margin over the last 8 quarters. Agri business GD Foods (Sauces & Condiments): Q1FY27 Channel-led Growth (Value) Material Margin % Revenue Growth YoY General Trade: +25% Alternate channels: +12% Segment Commentary • Tops portfolio continues to deliver strong revenue growth. • UVG grew 18% YoY, driven by robust growth in the Pickles, Noodles and Sauces portfolio. • Broad-based channel growth, with General Trade (+25%) and Alternate Channels (+12%) driving revenue. • Ongoing cost optimization initiatives expected to support margin expansion. Broad-based category and channel growth continues to strengthen the Tops growth platform Agri business Food & FMCG Quarterly EBITDA Margins Standalone figures Quarterly Performance ----------------- ------- ------ Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 -4% =: --- Average EBITDA Margin :: :h --------------------------------~: Average long-term EBITDA margins of 3-4%, with continued sca [Showing first 8,000 characters — download PDF for full document]