JEFFERIES ON AWL AGRI ; BUY | TP ₹260

• Strong momentum in the Foods business supports an attractive risk-reward outlook. • Food & FMCG segment remains the key growth driver for the company. • Edible oils business expected to benefit from lower import duties and stronger festive demand. • Expansion of product portfolio and distribution network should sustain growth in the Food & FMCG segment. • Strong Foods business performance and improving edible oil demand support overall growth prospects. • Jefferies maintains BUY rating on AWL Agri with a target price of ₹260, citing attractive risk-reward and strong growth opportunities.

AWL AGRI BUSINESS LIMITED

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