AWL Agri Business Posts Q2 Profit Fall
AWL Agri Business reported a two percent decline in quarterly profit as rising expenses outpaced revenue growth. Higher material costs driven by elevated oil prices weighed on the consumer goods maker despite strong sales in its food unit.
Insights:
AWL Agri Business posted a 2% fall in second-quarter profit during Tuesday morning trade, as higher costs outweighed a 26.1% surge in revenue. The consumer goods maker reported consolidated net profit of 2.39 billion rupees ($25.1 million) for the quarter ended September 30. That profit decline contrasts with robust top-line growth across India driven by strong demand for everyday consumer items.
