Jefferies Maintains BUY Rating On AWL Agri Business With ₹260 Target Price, Sees 50% Upside
Global investment banking firm Jefferies has maintained its BUY rating on AWL Agri Business Ltd. with a target price of ₹260 per share , indicating a potential upside of approximately 50% from the reference price of ₹173.15. In its latest research note dated October 27, 2026, titled Foods Momentum Strong; Risk Reward Attractive , Jefferies highlighted the company's strong Food and FMCG…
Investment bank Jefferies has retained its BUY rating for AWL Agri Business Ltd. with a price objective of ₹260 per share, suggesting a potential 50% upside from the ₹173.15 reference price. In its latest October 27, 2026 research note, Jefferies cited strong food and FMCG performance, a growing export footprint, and an attractive risk-reward ratio as key growth catalysts for AWL.
The brokerage noted AWL's revenue surged 26% to ₹222,019 mn in Q2 FY27, aided by a 14% volume increase, while EBITDA grew 11% to ₹6,227 mn. Despite margin compression and higher taxes, Jefferies remains optimistic about AWL's long-term prospects, pointing to Food and FMCG as a growth engine with 32% revenue growth and 28% volume increase.
Strategic acquisitions and expansion into new markets, such as the US, UK, Europe, and Australia, are also seen as contributing factors to AWL's future success. Jefferies forecasts strong revenue and earnings growth for AWL over the next three years, despite acknowledging current profitability challenges.
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