AWL Agri plans more acquisitions

AWL Agri Business, formerly Adani Wilmar, is looking to beef up its presence in the southern and central markets of India via acquisition of food companies in condiments and kitchen essentials, MD & CEO Angshu Mallick said in an interaction with FE on Tuesday.

- VIVEAT SUSAN PINTO

The need to enter these markets comes as AWL Agri Business eyes geographic expansion of its operations across the country.

The company, which has brands such as Kohinoor and Fortune, is strong in the north and western parts of India. It closed FY25 with a revenue of ₹63,672 crore.

From a portfolio perspective, the company is looking to enter new categories such as organic foods and cold-pressed edible oils, Mallick said. Its food portfolio business crossed ₹6,000 crore in FY25 and contributes 10% to company topline. Mallick says that the company may tap acquisitions to achieve its objective of portfolio expansion. Edible oil, led by the Fortune brand, contributes around 78% to topline while industry essentials, led by oleochemicals, contributes 12% to turnover.