India’s AWL Agri Business reported a 35% slump in quarterly profit on Tuesday, with the cooking oil producer attributing the fall to a large one-off gain in the year-ago period due to sharp commodity price increases.
High commodity prices typically hurt packaged cooking oil makers by forcing price increases that squeeze sales volumes, though they can lead to a temporary boost through one-off inventory gains.
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AWL, which makes the Fortune brand of coo… [704 chars]
Source: Reuters | Published: 2026-02-03T07:06:02Z
Credit: Reuters
