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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.
💼 Action for Investors
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%.
💼 Action for Investors
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.
💼 Action for Investors
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.