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Avanti Feeds Q1 Concall: Revenue Rises 19% to ₹1,966 Cr; PBT Drops 37% on Raw Material Inflation
Avanti Feeds released its Q1 earnings call transcript, highlighting strong volume growth offset by sharp margin compression. Consolidated gross revenue rose 19% YoY to ₹1,966 crore, but PBT fell 37% YoY to ₹157 crore due to steep input cost increases in fish meal and soybean meal. Feed sales volume grew 17% YoY to 1,93,852 MT, with full-year FY27 volume targeted at ~5,85,000 MT. To counter input costs, the company implemented an approximate 10% price hike in June/July 2026. Separately, the company is committing ~₹175 crore in capex for its PetCare division, with ₹25 crore deployed for land.
Confidence: HIGH
What changedAvanti Feeds filed the comprehensive transcript of its Q1 earnings call detailing operational volume growth, severe raw material cost pressures, pricing interventions, and PetCare project status.
Why it mattersWhile volume demand for shrimp feed remains healthy (+17% YoY), severe raw material inflation cut feed division PBT margins from 17% to 7.06%, making pricing pass-through crucial for profitability.
Consolidated Gross Income: ₹1,966 crConsolidated PBT: ₹157 crFeed Sales Volume: 1,93,852 MTFeed Price Hike Taken: ~10%Pet Food Planned Capex: ₹175 crPet Food Capex vs Net Worth: ~6.25%
📅 Short termMargins in Q2 FY27 may face continued pressure until the ~10% price hike is fully realized and post-monsoon raw material supply normalizes.
📈 Long termStructural positioning in Indian shrimp feed remains robust (~5.85 lakh MT target for FY27), with future value accretion supported by processing exports and the new ₹175 cr PetCare division.
⚠ Risk flags
- Severe raw material price volatility (fish meal at ₹225/kg and soybean meal at ₹71/kg)
- Limited pricing flexibility due to farmer distress and potential government intervention
- Export market softness in the US frozen shrimp segment
Key Highlights
Consolidated gross income grew 19% YoY to ₹1,966 cr, while PBT fell 37% YoY to ₹157 cr on high input costs
Shrimp feed sales volumes expanded 17.1% YoY to 1,93,852 MT (gross feed revenue of ₹1,615 cr)
Significant raw material inflation: Spot fish meal rose to ₹225/kg (vs ₹93/kg in Q1 FY26) and soybean meal to ₹71/kg
Implemented a ~10% price hike across feed products in June/July 2026 to mitigate margin pressure
Committed ~₹175 cr in capex for the PetCare business, with ~₹25 cr spent on land acquisition to date
👀 What to Watch
Track Q2 FY27 operating margins to evaluate how effectively the ~10% price hike offsets elevated spot raw material prices, alongside monitoring fresh monsoon crop arrivals for soybean and fish catch.
Avanti Feeds Q1 FY27 PAT Drops 37.4% YoY to ₹116.3 Cr on Elevated Raw Material Costs
Avanti Feeds reported an 18.3% YoY increase in consolidated revenue to ₹1,899.9 Cr for Q1 FY27, driven by a 26.8% YoY growth in Shrimp Feed sales. However, consolidated PAT fell 37.4% YoY to ₹116.3 Cr (down from ₹185.7 Cr in Q1 FY26) due to severe raw material cost inflation. Blended EBITDA margin compressed by 750 bps YoY to 9.0%, with feed EBITDA margin slipping to 7.5%. Diluted EPS for the quarter stood at ₹7.58 compared to ₹13.09 in the corresponding previous period.
Confidence: HIGH
What changedAvanti Feeds released its detailed Q1 FY27 investor presentation following its unaudited quarterly results announcement.
Why it mattersDemonstrates robust feed volume growth (+17.1%) but highlights high vulnerability to raw material volatility, resulting in steep operational margin compression.
Consolidated Revenue (Q1 FY27): Rs 18,998.6 MnRevenue YoY Growth: 18.3%Consolidated EBITDA Margin: 9.0%Consolidated PAT (Q1 FY27): Rs 1,163.1 MnShrimp Feed Sales Volume: 193,852 MTShrimp Processing Sales Volume: 3,520 MT
📅 Short termMargin pressure is likely to weigh on sentiment over the coming weeks until raw material input costs stabilize or feed prices are revised.
📈 Long termAvanti maintains strong domestic feed market dominance and low debt (D/E near 0.0x), but long-term earnings expansion relies on export processing recovery and input cost normalization.
⚠ Risk flags
- Raw material price volatility severely impacting shrimp feed margins.
- Export volume contraction in the shrimp processing division (-17% YoY).
Key Highlights
Consolidated revenue grew 18.3% YoY to ₹18,998.6 Mn (₹1,899.9 Cr), supported by a 17.1% YoY rise in Shrimp Feed sales volume to 193,852 MT.
EBITDA declined 35.3% YoY to ₹1,715.7 Mn, with blended EBITDA margin shrinking 750 bps to 9.0%.
Shrimp Feed segment PBT fell sharply to ₹1,112 Mn from ₹2,235 Mn in Q1 FY26, with margins dropping to 5.3% due to high input costs.
Shrimp Processing revenue fell 10.1% YoY to ₹3,337.1 Mn as volumes dropped 17% to 3,520 MT, though segment EBITDA margin improved to 16.0% (vs 9.1% in Q1 FY26).
Consolidated PAT declined 37.4% YoY to ₹1,163.1 Mn, resulting in an EPS of ₹7.58 (vs ₹13.09 in Q1 FY26).
👀 What to Watch
Track the upcoming investor conference call on August 27, 2026, for management commentary on raw material price trends (soymeal/fishmeal) and pricing power to pass on cost increases.
₹103 Cr Net Profit: Avanti Feeds Q1 Revenue Grows 18% YoY but Profits Drop 42% on Cost Pressures
Avanti Feeds reported a consolidated revenue of ₹1,899.86 Cr for Q1 FY27, marking an 18.3% increase over Q1 FY26. However, net profit attributable to owners fell sharply by 42% YoY to ₹103.30 Cr, down from ₹178.29 Cr. The decline was primarily driven by a 38.9% surge in raw material costs, which reached ₹1,541.48 Cr. While the core Shrimp Feed segment saw robust revenue growth of 26.7%, its segment profit plummeted by 64.5% to ₹64.45 Cr, indicating significant margin compression.
Confidence: HIGH
What changedAvanti Feeds released its Q1 FY27 financial results, showing a significant contraction in margins despite healthy top-line growth.
Why it mattersThe results highlight the company's high sensitivity to raw material price volatility, which has offset the benefits of increased sales volumes in the shrimp feed segment.
Revenue (Q1 FY27): ₹1,899.86 CrNet Profit (Q1 FY27): ₹103.30 CrRaw Material Cost Increase (YoY): 38.9%Shrimp Feed Segment Profit Change (YoY): -64.5%Q1 Revenue vs TTM Revenue: 31.3%
📅 Short termThe stock may face downward pressure in the short term as the market reacts to the substantial 42% drop in net profit and compressed margins.
📈 Long termWhile the company remains a market leader in shrimp feed, long-term value creation depends on stabilizing margins and the successful scaling of the higher-margin shrimp processing segment.
⚠ Risk flags
- Raw material price volatility
- Significant margin compression
- Concentration risk in the aquaculture industry
Key Highlights
Consolidated revenue from operations increased 18.3% YoY to ₹1,899.86 Cr
Net profit attributable to owners declined 42% YoY to ₹103.30 Cr from ₹178.29 Cr
Cost of materials consumed surged 38.9% YoY to ₹1,541.48 Cr, outpacing revenue growth
Shrimp Feed segment revenue grew 26.7% YoY to ₹1,559.91 Cr, showing strong demand
Shrimp Feed segment profit fell 64.5% YoY to ₹64.45 Cr due to input cost volatility
👀 What to Watch
Investors should monitor raw material price trends (soya, fishmeal) and the company's ability to pass on these costs through feed price hikes in upcoming quarters. The divergence between strong revenue growth and falling profits suggests a challenging margin environment despite high market share.
43% Processing Revenue Growth in FY26; US Tariff Refund Process Initiated
Avanti Feeds has scheduled its 33rd AGM for August 14, 2026, following a resilient FY26 where EPS grew 12.75%. Despite a 50% US tariff environment (now invalidated by the US Supreme Court), the processing segment grew revenue by 43%. The company is diversifying into pet care with the 'Avant Furst' brand, which saw 4x revenue scaling and a new facility planned for 2028. Management successfully navigated high raw material costs of Rs 3,441.91 Cr while maintaining a strong balance sheet with negligible debt.
Confidence: HIGH
What changedThe company released its full annual report for FY26, confirming the invalidation of punitive US tariffs and detailing the scale-up of its new pet care division.
Why it mattersThe removal of US tariffs and diversification into pet care reduce geographic and product concentration risks, potentially improving long-term margins and valuation multiples.
Processing Revenue Growth: 43%EPS Growth: 12.75%Raw Material Purchases: Rs 3,441.91 CrInventory as % of Total Assets: 17.36%Inventory Value: Rs 563.22 Cr
📅 Short termPositive sentiment is expected as the market digests the invalidation of US tariffs and the robust growth in the processing segment.
📈 Long termStructural shift towards value-added processing and the entry into the high-margin pet care segment provide new growth levers beyond the mature shrimp feed market.
⚠ Risk flags
- Volatility in raw material prices (fish/soya meal)
- Geopolitical disruptions in shipping routes affecting transit times
Key Highlights
Processing business revenue grew 43% in FY26 despite the largest export market imposing a 50% tariff
US Supreme Court invalidated the reciprocal duty structure on Feb 20, 2026, initiating a refund process for the company
Feed business profitability increased 8% on a near-flat revenue base while cutting prices to support farmers
Pet care brand 'Avant Furst' revenue scaled 4x across the first three quarters of the year
Raw material purchases for FY26 totaled Rs 3,441.91 Cr, managed through weighted-average inventory discipline
👀 What to Watch
Investors should monitor the timeline and quantum of US tariff refunds and the execution of the new pet care manufacturing facility near Hyderabad slated for 2028.
Avanti Feeds FY26 PBT Rises 20% to ₹882 Cr; Shrimp Processing Revenue Surges 43%
Avanti Feeds reported a solid FY26 performance with consolidated gross income rising 8.9% YoY to ₹6,279 crores and PBT growing 20% to ₹882 crores. The Shrimp Processing and Export division was the primary growth driver, with revenue increasing 43% to ₹1,741 crores and PBT doubling to ₹178 crores. However, the Feed division faced margin pressure in Q4FY26 as PBT fell 19% QoQ due to a sharp spike in raw material costs, specifically fish meal and soya bean meal. Management maintains a cautious outlook for FY27, citing challenging conditions due to sustained high input costs.
Key Highlights
Consolidated FY26 PBT grew 20% YoY to ₹882 crores, while gross income reached ₹6,279 crores.
Shrimp Processing division revenue surged 43% YoY to ₹1,741 crores with export volumes rising to 16,976 MT.
Feed division Q4 PBT declined 19% QoQ to ₹139 crores due to fish meal prices rising to ₹130/kg from ₹117/kg.
Company set FY27 targets of 5,80,000 MT for feed sales and 19,000 MT for shrimp exports.
Pet Care segment (Avant Furst) recorded Q4 sales of ₹151 lakhs, showing steady expansion in Tier-1 and Tier-2 cities.
👀 What to Watch
Investors should focus on the company's ability to pass on rising raw material costs in the feed segment, as current fish meal prices (₹230/kg) are significantly higher than FY26 averages. The strong growth in the processing business is a positive diversifier, but margin sustainability in the core feed business is the key metric to watch in FY27.
Avanti Feeds Q4 FY26 PAT Falls 11.7% YoY to ₹1,389 Mn Despite 6% Revenue Growth
Avanti Feeds Limited reported a mixed performance for Q4 FY26, with consolidated revenue growing 6.2% YoY to ₹14,677 Mn, primarily driven by a 22.2% surge in the shrimp processing segment. However, consolidated PAT for the quarter declined by 11.7% YoY to ₹1,389 Mn as margins were pressured by elevated raw material costs in the shrimp feed business. On a full-year basis, the company showed resilience with FY26 PAT growing 17.9% to ₹6,568 Mn and EBITDA margins expanding by 130 bps to 15.6%.
Key Highlights
Q4 FY26 consolidated revenue rose 6.2% YoY to ₹14,677 Mn, while full-year FY26 revenue reached ₹60,673 Mn.
Quarterly PAT declined 11.7% YoY to ₹1,389 Mn, with net profit margins contracting from 11.4% to 9.5% YoY.
Shrimp processing segment revenue grew 22.2% YoY in Q4 to ₹4,275 Mn, aided by better price realization and favorable FX rates.
Shrimp feed segment revenue remained nearly flat in Q4 at ₹10,402 Mn, impacted by rising raw material prices.
Full-year FY26 EPS improved to ₹44.48 compared to ₹38.81 in the previous fiscal year.
👀 What to Watch
Investors should monitor the volatility in raw material costs which is currently impacting the core feed segment's margins, while the robust growth in the processing and export division remains a positive long-term catalyst.
Avanti Feeds to Host Q4 FY26 Earnings Conference Call on June 12, 2026
Avanti Feeds Limited has scheduled an audio conference call for investors and analysts on Friday, June 12, 2026, at 4:00 PM IST. The call is intended to discuss the audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026. Senior management, including the Chairman, Managing Director, and CFOs from the main company and its subsidiaries (Frozen Foods and Pet Care), will be present to address queries. Dial-in details for India and several international jurisdictions have been provided to facilitate global participation.
Key Highlights
Conference call scheduled for June 12, 2026, at 04:00 PM IST to discuss Q4 FY26 results.
Senior management from AFL, Avanti Frozen Foods, and Avanti Pet Care Private Limited will participate.
The discussion will cover both standalone and consolidated audited financial performance for the full year FY26.
International dial-in facilities provided for investors in Hong Kong, Singapore, USA, and UK.
👀 What to Watch
Investors should listen to the call to understand management's perspective on shrimp feed demand and the performance of the frozen foods and pet care segments. Key metrics to watch include margin stability amidst fluctuating raw material costs.
Avanti Feeds Recommends ₹10 Dividend, Re-appoints CMD, and Appoints New CFO
Avanti Feeds has recommended a final dividend of ₹10 per share for FY26, demonstrating strong cash flow and commitment to shareholder returns. The board approved the re-appointment of Dr. A. Indra Kumar as Chairman & Managing Director for a five-year term starting July 2026, ensuring leadership continuity. In a significant management transition, Mrs. B. Santhi Latha will take over as CFO from June 1, 2026, as part of a planned succession. The company also confirmed audited financial results for FY26 with an unmodified audit opinion.
Key Highlights
Recommended a final dividend of ₹10 per equity share of face value ₹1 for the financial year ended March 31, 2026.
Re-appointed Dr. A. Indra Kumar as Chairman & Managing Director for a 5-year term from July 1, 2026, to June 30, 2031.
Appointed Mrs. B. Santhi Latha as Chief Financial Officer (CFO) effective June 1, 2026, succeeding Mr. C. Ramachandra Rao.
Approved commission for Non-Executive Directors up to 1% of profits, capped at ₹1.00 crore per annum for five years.
The 33rd Annual General Meeting (AGM) is scheduled to be held on August 14, 2026.
👀 What to Watch
Investors should find the high dividend payout and management continuity encouraging for long-term stability. The smooth CFO succession planning is a positive governance signal that warrants continued confidence in the stock.
Avanti Feeds Recommends ₹10 Di v idend and Announces CFO S u c c e s s i o n P l a n
Avanti Feeds has recommended a final di v idend of ₹10 per share for FY26, r e f l e c t i n g strong shareholder returns. The company is undergoing a management transition with Mrs. B. S a n t h i L a t h a t a k i n g over as CFO from June 1, 2026, while the current CFO, Mr. C. R a m a c h a n d r a Rao, continues as Joint MD. The Board also extended the terms of the Chairman and Joint MD for another f i v e years, ensuring leadership continuity. These decisions were made alongside the approval of the FY26 audited financial results.
Key Highlights
Recommended a final di v idend of ₹10 per equity share for the financial year ended March 31, 2026.
Mrs. B. S a n t h i L a t h a e l e v a t e d to Chief Financial Officer (CFO) e f f e c t i v e June 1, 2026.
Dr. A. Indra Kumar re-appointed as Chairman & Managing Director for a 5-year term until June 2031.
Sri C. R a m a c h a n d r a Rao re-appointed as Joint Managing Director and Company Secretary for 5 years.
Statutory auditors issued an 'Unmodified Opinion' on the FY26 standalone and consolidated financial results.
👀 What to Watch
The high di v idend payout and long-term leadership extensions are positive signals for long-term investors. Shareholders should monitor the upcoming AGM on August 14, 2026, for final approvals.
Avanti Feeds Declares Rs 10 Dividend and Re-appoints Top Management for 5-Year Terms
Avanti Feeds has recommended a significant final dividend of Rs. 10 per share (1000% of face value) for the financial year ended March 31, 2026. The Board has ensured leadership continuity by re-appointing the CMD and JMD for further five-year terms. A key management transition sees Mrs. B. Santhi Latha taking over as CFO from June 1, 2026, as part of a succession plan. The company also confirmed its audited financial results for FY26 received an unmodified opinion from auditors.
Key Highlights
Recommended a final dividend of Rs. 10 per equity share of face value Rs. 1 for FY 2025-26.
Re-appointed Dr. A. Indra Kumar as CMD for 5 years (2026-2031) and Sri C. Ramachandra Rao as JMD for 5 years (2027-2032).
Appointed Mrs. B. Santhi Latha as the new Chief Financial Officer effective June 1, 2026.
Approved commission for Non-Executive Directors capped at Rs. 1.00 crore per annum for five years.
Auditors issued an unmodified opinion on the consolidated financial results for the year ended March 31, 2026.
👀 What to Watch
The high dividend yield and management stability are positive indicators for long-term shareholders. Investors should track the final approval of these resolutions at the upcoming AGM on August 14, 2026.
Avanti Feeds Recommends ₹10 Final Dividend and Announces CFO Succession
Avanti Feeds has recommended a final dividend of ₹10 per equity share for the financial year ended March 31, 2026, which is a 1000% payout on the face value of ₹1. The company also announced a key management transition with Mrs. B. Santhi Latha taking over as CFO from June 1, 2026, as part of a planned succession. Furthermore, the Board has approved the re-appointment of the Chairman & Managing Director and the Joint Managing Director for five-year terms, ensuring leadership continuity. The annual financial results for FY26 were released with an unmodified audit opinion, indicating healthy reporting standards.
Key Highlights
Recommended a final dividend of ₹10 per equity share of face value ₹1 for FY 2025-26.
Appointed Mrs. B. Santhi Latha as the new Chief Financial Officer effective June 1, 2026.
Re-appointed Dr. A. Indra Kumar as Chairman & Managing Director for 5 years starting July 1, 2026.
Approved commission for Non-Executive Directors up to 1% of profits, capped at ₹1 crore annually.
Statutory auditors issued an 'Unmodified Opinion' on both standalone and consolidated FY26 results.
👀 What to Watch
Investors should view the substantial dividend and the clear management succession plan as signs of corporate stability and financial health. The long-term re-appointment of top leadership provides further clarity on the company's strategic direction.
Avanti Feeds Recommends ₹10 Dividend and Announces CFO Succession Plan
Avanti Feeds Limited has declared a final dividend of ₹10 per share for the financial year ended March 31, 2026, representing a 1000% payout on the face value. The company is undergoing a management transition as Mrs. B. Santhi Latha is elevated to CFO, succeeding Mr. C. Ramachandra Rao, who will continue as Joint Managing Director. The Board also secured leadership continuity by re-appointing Dr. A. Indra Kumar as Chairman and Managing Director for a further five-year term. These decisions were made alongside the approval of audited financial results, which received an unmodified audit opinion from the statutory auditors.
Key Highlights
Recommended a final dividend of ₹10 per equity share of face value ₹1 for FY25-26.
Mrs. B. Santhi Latha appointed as Chief Financial Officer (CFO) effective June 1, 2026.
Re-appointment of Dr. A. Indra Kumar as CMD for a 5-year term starting July 2026.
Sri C. Ramachandra Rao re-appointed as JMD and Company Secretary for a 5-year term starting April 2027.
Statutory auditors issued an 'Unmodified Opinion' on the audited standalone and consolidated financial results.
👀 What to Watch
The significant dividend payout and clear management succession planning reflect financial stability and strong corporate governance. Investors should maintain a positive outlook while monitoring the detailed financial statements for growth in the aquaculture segment.
Avanti Feeds to Invest USD 3 Million for 10% Stake in Thai Union Feedmill Ecuador
Avanti Feeds Limited has approved a strategic investment of USD 3 million in a new entity, Thai Union Feedmill Ecuador S.A.S. (TFME), to be incorporated in Ecuador. This venture marks the company's expansion into the South American aquaculture market, focusing on feed manufacturing and distribution. Avanti will hold a 10% equity stake, partnering with its long-term associate, Thai Union Feed Mill Public Company Limited of Thailand. The investment involves the subscription of 3 million shares at a par value of USD 1 per share.
Key Highlights
Investment of USD 3 million for a 10% equity stake in a new Ecuadorian entity
Partnering with existing JV associate Thai Union Feed Mill Public Company Limited
Entry into the South American aquaculture market for feed manufacturing and distribution
Subscription of 3 million shares at a par value of USD 1 per share via cash consideration
Strategic move to diversify geographic presence in major global aquaculture hubs
👀 What to Watch
This is a positive long-term strategic move to tap into the high-growth Ecuadorian shrimp market. Investors should monitor the timeline for the commencement of operations and its eventual impact on consolidated earnings.
Avanti Feeds to Invest USD 3 Million for 10% Stake in Ecuador-based Thai Union Feedmill
Avanti Feeds has approved a strategic investment of USD 3 million in Thai Union Feedmill Ecuador S.A.S. (TFME), a new entity to be incorporated in Ecuador. The company will acquire a 10% equity stake consisting of 3 million shares at a par value of USD 1 per share. This venture, in partnership with its long-term associate Thai Union Feed Mill Public Company Limited, marks Avanti's expansion into the South American aquaculture feed market. The investment will be made in cash to support feed manufacturing and distribution operations in Ecuador.
Key Highlights
Investment of USD 3 million for a 10% equity stake in Thai Union Feedmill Ecuador S.A.S.
The new entity will focus on aquaculture feed manufacturing and distribution in South America.
Partnership involves Thai Union Feed Mill Public Company Limited, an existing JV partner of Avanti Feeds.
Acquisition involves 3 million shares at a par value of USD 1 per share via cash consideration.
👀 What to Watch
Investors should view this as a positive geographic diversification move into the high-growth Ecuadorian shrimp market. Monitor the project's execution timeline and potential for future scale-up beyond the initial 10% stake.
Avanti Feeds Q3 FY26: 9M PBT Jumps 32.7% to ₹698 Cr; RM Cost Headwinds Flagged for Q4
Avanti Feeds reported a robust 9M FY26 performance with consolidated PBT rising 32.7% YoY to ₹698 crores, supported by a 9.67% growth in gross income. For Q3 FY26, consolidated PBT grew 20.65% YoY to ₹222 crores, though revenue saw a seasonal QoQ decline of 12.78%. The shrimp processing division showed significant improvement, with Q3 PBT jumping to ₹52 crores from ₹18 crores YoY due to better realizations and lower freight costs. However, management cautioned that sharp spikes in raw material prices, particularly fish meal (up to ₹145/kg), will likely compress Q4 margins.
Key Highlights
Consolidated 9M FY26 PBT reached ₹698 crores, a 32.7% increase over the previous year's ₹526 crores.
Shrimp processing revenue for 9M FY26 grew 52% YoY to ₹1,296 crores, driven by a 28% volume growth.
Feed sales for 9M FY26 stood at 4,38,335 MT, with management targeting 5,55,000 MT for the full year.
Raw material costs are rising sharply; fish meal increased from ₹117/kg in Q3 to a current price of ₹145/kg.
Management revised FY26 PBT margin guidance to 14.5%-15% due to the recent surge in input costs.
👀 What to Watch
Investors should remain positive on the strong 9M performance but must closely monitor the impact of rising fish meal and soya bean prices on Q4 profitability. The diversification into pet care and the turnaround in the processing segment provide long-term value, though short-term margin volatility is expected.
Avanti Feeds Q3 FY26 PAT Rises 16% to ₹1,635 Mn; Processing Segment Grows 37%
Avanti Feeds reported a steady Q3 FY26 with consolidated revenue growing 1.3% YoY to ₹13,835 million, primarily driven by a robust 36.8% growth in the shrimp processing and export segment. While the shrimp feed segment saw a 9.6% decline in revenue, overall profitability improved significantly with PAT rising 16.1% YoY to ₹1,635 million. EBITDA margins expanded by 270 basis points to 17.3%, aided by better price realizations in processing and favorable foreign exchange rates. For the nine-month period (9M FY26), the company demonstrated strong momentum with a 31% growth in PAT reaching ₹5,179 million.
Key Highlights
Consolidated PAT grew 16.1% YoY to ₹1,635 million in Q3 FY26, with EPS increasing to ₹10.96.
Shrimp Processing segment revenue surged 36.8% YoY to ₹4,393 million, driven by higher selling prices and favorable FX.
EBITDA margins expanded significantly from 14.6% to 17.3% YoY due to lower ocean freight and operational efficiencies.
9M FY26 performance remains strong with total revenue of ₹45,996 million and PAT of ₹5,179 million.
Shrimp feed revenue declined 9.6% YoY to ₹9,442 million, though the segment maintained healthy EBIT margins of 11.8%.
👀 What to Watch
Investors should note the company's successful shift towards high-margin shrimp processing, which is effectively offsetting the current softness in the feed business. The strong margin expansion and robust 9M performance suggest a positive trajectory for the stock.
Avanti Feeds Q3 Net Profit Rises 16% to ₹163.47 Cr; Announces Strategic AI Startup Investment
Avanti Feeds Limited reported a steady performance for Q3 FY26, with consolidated revenue from operations reaching ₹1,383.52 crore. The company's net profit for the quarter grew by 16% year-on-year to ₹163.47 crore, up from ₹140.81 crore in the same period last year. For the nine-month period ended December 31, 2025, the company showed robust growth with net profit surging nearly 30% to ₹517.95 crore. Additionally, the board approved a small strategic investment of ₹25 lakhs for a 0.8% stake in Quanta People Solutions, an AI-powered HR tech startup, to explore cognitive-tech solutions for workforce management.
Key Highlights
Consolidated Q3 FY26 Revenue from operations stood at ₹1,383.52 crore compared to ₹1,365.63 crore YoY.
Net Profit for Q3 FY26 increased by 16% YoY to ₹163.47 crore.
9M FY26 Net Profit surged 29.5% to ₹517.95 crore against ₹399.86 crore in the previous year.
Total income for the nine-month period reached ₹4,761.26 crore, up from ₹4,341.28 crore YoY.
Approved investment of ₹24,99,975 for a 0.8% stake in Quanta People Solutions Private Limited.
👀 What to Watch
The company continues to demonstrate strong bottom-line growth and operational stability in its core aquaculture business. Investors should view the consistent earnings growth positively, while the minor tech investment indicates a forward-looking approach to operational efficiency.
