Adani Wilmar Limited (AWL), now rebranded as AWL Agri Business Ltd, is one of India’s leading fast-moving consumer goods (FMCG) companies. It was established in 1999 as a joint venture between Adani Enterprises and Wilmar International of Singapore. Headquartered in Ahmedabad, the company is best known for its flagship brand ‘Fortune,’ which holds a leadership position in India’s edible oil market. Over the years, AWL has built a strong product portfolio, including edible oils, wheat flour, rice, pulses, sugar, soya chunks, and personal care products, serving millions of Indian households.
In FY24, the company was impacted by:
*Source : nseindia.com
In August 2024, the company’s board approved the demerger of the food and FMCG business held under Adani Commodities LLP into Adani Wilmar. This restructuring is expected to further streamline operations and enhance focus on branded consumer products. Additionally, AWL is acquiring GD Foods, the company behind the well-known “Ching’s Secret” brand, which currently generates ₹3.9 billion in revenue. AWL plans to scale this up to ₹10 billion within 3–4 years. The company is also investing ₹1,300 crore in a new integrated plant in Haryana, spread over 78 acres, with a production capacity of 627,000 MT annually. It aims to increase the food and FMCG segment’s contribution to 25% of total sales by FY27.
Despite the stock being down 15% in 2025 and 17% over the past year, analysts see this as a favorable entry point for long-term investors. The company’s strong brand equity, leadership in the edible oil market, and aggressive expansion into the FMCG space make it a compelling investment.
Majority of Analyst recommendations are still on BUY side with almost no sell rations so far, with price targets in range of 350 to 468. Some of the Key strengths highlighted across are:
After significant and continuous decline, the stock is forming long term base now, with 210 – 230 level as support zones, while immediate hurdle seems closer to 300 level in short term. The Risk Reward has turn attractive though in AWL Argi with limited downside risk.
With fresh capacity expansions, focus on growing the core business, this could be the long-term winner in your portfolio? Keep an eye on its financial performance and any further acquisitions before making your move!
Disclaimer: This article is for information purpose only. It is NOT a stock recommendation and should not be treated as such. Please consult your financial advisor before investing. Investing in securities market is subject to market risks. Please read full disclosures here.
