Avanti Feeds Limited (AVANTIFEED)
₹722.60 -0.90% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Avanti Feeds' revenue was ₹1,900 Cr (+18.3% year on year, +29.4% on the previous quarter), and net profit ₹116 Cr (-37.4% year on year); the operating margin was 5.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,900 | +18.3% | +29.4% |
| Operating profit | ₹106 | -50.6% | -35.8% |
| Net profit | ₹116 | -37.4% | -16.3% |
| EPS (₹) | 7.58 | -42.1% | -17.4% |
| Operating margin | 5.6% | — | — |
AVANTIFEED delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 39.48% of the AVANTIFEED shares traded on NSE were taken to delivery, against the stock's own 20-session average of 42.48%. That is close to its usual level. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 38.9% · 47.6% · 45.9% · 37.2% · 39.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Avanti Feeds Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent KFin Technologies confirms that securities received for dematerialisation were processed and confirmed to depositories. It further certifies that physical certificates were mutilated and cancelled, with the depository's name substituted in the member register within 15 days. This is an ordinary administrative filing and carries no financial or operational impact.
- Regulation 74(5) compliance submitted for the quarter ended September 30, 2026
- Issued by RTA KFin Technologies Limited, dated October 5, 2026
- Confirms mutilation and cancellation of physical share certificates within 15 days of receipt
Avanti Feeds has disclosed the incorporation of Thai Union Feedmill Ecuador S.A.S. on September 04, 2026, in Ecuador, South America. The new entity is set to engage in aquaculture feed manufacturing and distribution. Avanti Feeds holds a 10% shareholding, subscribed at a par value of 1 USD per share. The target entity has not yet commenced operations and has nil turnover to date.
- Thai Union Feedmill Ecuador S.A.S. incorporated on September 04, 2026
- Avanti Feeds acquires a 10% shareholding/control in the entity
- Shares subscribed at a par value of 1 USD per share
- Target entity is yet to commence operations with no historical turnover
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.
- 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
Avanti Feeds Limited has informed stock exchanges that the audio recording of its post-earnings conference call for Q1 FY2027 is now available online. The call was conducted on August 27, 2026, following letters dated August 21 and August 26, 2026. This is a standard statutory disclosure pursuant to Regulation 30 of the SEBI LODR Regulations, 2015. No new financial numbers or material disclosures were directly reported in this specific filing.
- Audio recording uploaded for the post-earnings investor conference call held on August 27, 2026.
- Call pertained to Unaudited Financial Results (Standalone and Consolidated) for Q1 FY2027.
- Follows prior intimations dated August 21, 2026, and August 26, 2026.
- Filing submitted under Regulation 30 of SEBI (LODR) Regulations, 2015.
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.
- 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).
Avanti Feeds Limited has scheduled an audio conference call for investors and analysts on Thursday, August 27, 2026, at 04:00 PM IST. The call will discuss the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). Senior management, including Chairman & Managing Director Dr. A. Indra Kumar and divisional CFOs, will address participants.
- Earnings audio conference call scheduled for Thursday, August 27, 2026, at 04:00 PM IST.
- Agenda covers unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
- Senior management from Avanti Feeds, Avanti Frozen Foods, and Avanti Pet Care will attend.
Avanti Feeds Limited concluded its 33rd Annual General Meeting (AGM) on August 14, 2026. The meeting transacted ordinary and special business, including the adoption of FY26 financial statements and approval of a dividend of Rs 10.00 per equity share (face value Rs 1). Shareholders considered the re-appointment of Dr. A. Indra Kumar as Chairman & Managing Director for 5 years effective July 1, 2026, and Sri C. Ramachandra Rao as Joint MD & CS for 5 years effective April 1, 2027. The Chairman noted raw material price pressures (fish meal and soybean meal) while highlighting optimum utilization across 7 shrimp-feed manufacturing facilities.
- Declared a dividend of Rs. 10.00 per equity share of Rs. 1 face value for FY26
- Re-appointed Dr. A. Indra Kumar as CMD for a 5-year term starting July 1, 2026
- Re-appointed Sri C. Ramachandra Rao as Joint MD & Company Secretary for 5 years starting April 1, 2027
- Company reported optimum utilization across all 7 shrimp-feed manufacturing facilities and growth in value-added processing
Avanti Feeds Limited held its 33rd Annual General Meeting on August 14, 2026, via video conferencing. The members considered and approved resolutions including the declaration of a ₹10.00 per equity share dividend (face value ₹1.00) for FY26. Shareholders also approved 5-year leadership re-appointments for CMD Dr. A. Indra Kumar (effective July 1, 2026) and Joint MD C. Ramachandra Rao (effective April 1, 2027). Management noted operational progress across its 7 shrimp-feed manufacturing plants and anticipated cost stabilization in key raw materials like fish meal and soybean meal.
- Declared dividend of ₹10.00 per equity share of face value ₹1.00 for FY 2025-26.
- Re-appointed Dr. A. Indra Kumar as Chairman & Managing Director for a 5-year tenure effective July 1, 2026.
- Re-appointed C. Ramachandra Rao as Joint MD & Company Secretary for a 5-year tenure effective April 1, 2027.
- Noted optimal capacity utilization across all 7 shrimp-feed manufacturing facilities and new trading in 'Avant Furst' pet food.
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.
- 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
Avanti Feeds Limited has finalized Friday, August 07, 2026, as the record date for determining shareholder eligibility for the FY 2025-26 dividend. This announcement follows the company's strong financial performance in FY25, where it reported a net profit of ₹557.05 Cr, up from ₹377.03 Cr in FY24. The specific dividend amount per share was not disclosed in this filing but was likely detailed in the preceding July 22, 2026, communication. Investors must hold the stock prior to the ex-dividend date to receive the payout.
- Record date for FY 2025-26 dividend fixed for August 07, 2026
- Follows a strong FY25 performance with PAT of ₹557.05 Cr
- Announcement is a follow-up to the previous intimation dated July 22, 2026
- Company maintains a healthy ROCE of 28.0% and near-zero debt of ₹1 Cr
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.
- 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
Avanti Feeds Limited has announced August 7, 2026, as the record date for its 33rd Annual General Meeting (AGM) and for determining dividend eligibility for FY 2025-26. The AGM is scheduled for August 14, 2026, via video conferencing. Shareholders holding equity as of the record date will be entitled to the recommended dividend and voting rights. The register of members will remain closed from August 8 to August 14, 2026.
- Record date for dividend entitlement and e-voting eligibility is August 7, 2026.
- 33rd Annual General Meeting (AGM) to be held on August 14, 2026, at 11:00 AM IST.
- Book closure period is set from August 8, 2026, to August 14, 2026 (both days inclusive).
- Remote e-voting window opens on August 11, 2026 (9:00 AM) and closes on August 13, 2026 (5:00 PM).
- Dividend payment is subject to shareholder approval at the upcoming AGM.
Avanti Feeds Limited has scheduled its 33rd Annual General Meeting (AGM) for August 14, 2026, to be conducted via video conferencing. The company has fixed August 7, 2026, as the record date for determining shareholder eligibility for e-voting and the final dividend for FY 2025-26. The share transfer books will remain closed from August 8 to August 14, 2026. This is a standard procedural announcement following the conclusion of the financial year.
- 33rd Annual General Meeting scheduled for August 14, 2026, at 11:00 AM IST
- Record date for dividend and e-voting eligibility is August 7, 2026
- Remote e-voting period runs from August 11, 2026 (9:00 AM) to August 13, 2026 (5:00 PM)
- Book closure period for AGM and dividend entitlement is from August 8 to August 14, 2026
- KFin Technologies Limited appointed as the service provider for the e-voting platform
Avanti Feeds Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent (RTA), KFin Technologies Limited, confirmed that all share certificates received for dematerialization during the quarter ended June 30, 2026, were processed. The RTA verified that certificates were mutilated and cancelled, with the depository's name substituted in the register of members within the required 15-day period. This is a standard administrative filing with no impact on the company's financial performance or business operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation of processing dematerialization requests within 15 days
- Verification and cancellation of physical security certificates completed by KFin Technologies Limited
- Filing submitted to BSE and NSE on July 08, 2026
Avanti Feeds Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 01, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. The trading window will remain closed until 48 hours after the financial results are officially disclosed to the stock exchanges. This is a standard regulatory procedure to prevent insider trading during the period when price-sensitive information is being finalized.
- Trading window closure effective from July 01, 2026.
- Closure pertains to the unaudited financial results for the quarter ending June 30, 2026.
- Window to reopen 48 hours after the official declaration of financial results.
- Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
Total consolidated revenue grew 12.6% YoY in HY FY26 to INR 3,216.05 Cr. The Shrimp Processing segment showed robust growth of 61.5% YoY (INR 822.65 Cr vs INR 509.46 Cr), while the Shrimp Feed segment grew 2.0% YoY (INR 2,393.40 Cr vs INR 2,345.96 Cr).
Geographic Revenue Split
Not explicitly disclosed in available documents, though the company highlights strong volume growth in the 'export business' as a primary driver for the 19.0% YoY revenue increase in Q2 FY26.
Profitability Margins
Net profit margin improved to 10.5% in Q2 FY26 from 9.0% in Q2 FY25. HY FY26 PAT margin stood at 11.0% compared to 9.1% in HY FY25, driven by higher operational efficiencies and other income.
EBITDA Margin
Consolidated EBITDA margin for HY FY26 was 15.8%, a significant improvement of 270 bps from 13.1% in HY FY25. Q2 FY26 EBITDA margin was 15.1%, up 200 bps YoY.
Capital Expenditure
Historical capital expenditure on Property, Plant, and Equipment including capital advances was INR 152.53 Cr for FY25, compared to INR 131.06 Cr in FY24, representing a 16.4% increase.
Credit Rating & Borrowing
The company maintains a low-debt profile with non-current borrowings of INR 10.46 Cr as of March 31, 2025. Finance costs for FY25 were INR 2.25 Cr, up from INR 1.31 Cr in FY24.
Operational Drivers
Raw Materials
Principal raw materials (including ingredients for shrimp feed) accounted for a total purchase value of INR 4,258.16 Cr in FY25. These materials are noted for high price volatility based on market conditions.
Raw Material Costs
Cost of Goods Sold (COGS) for HY FY26 was INR 2,332.64 Cr, representing 72.5% of revenue, compared to 77.6% in HY FY25, indicating improved procurement or pricing strategies.
Manufacturing Efficiency
Operating expenses grew 38.7% YoY in HY FY26 to INR 474.98 Cr, while operating profits rose 38.1% YoY to INR 408.43 Cr, reflecting a scale-up in processing activities.
Logistics & Distribution
Other expenses, which include distribution and logistics, were INR 464.45 Cr in FY25, up 17.3% from INR 395.86 Cr in FY24.
Strategic Growth
Expected Growth Rate
12.60%
Growth Strategy
Growth is driven by a strategic shift toward the high-growth Shrimp Processing and Export business, which grew 61.5% YoY in HY FY26. The company is also focusing on maintaining its dominant position in the Shrimp Feed market while optimizing costs to improve EBITDA margins by 270 bps.
Products & Services
Shrimp Feed and Processed Shrimp for export and domestic markets.
Brand Portfolio
Avanti, Avanti Feeds.
Market Expansion
The company is targeting expansion in international markets, evidenced by the 61.5% growth in the shrimp processing and export segment.
Strategic Alliances
The company operates with three subsidiaries and one associate, with the associate contributing a profit of INR 0.25 Cr in FY25.
External Factors
Industry Trends
The industry is seeing a shift toward value-added shrimp processing. Avanti is positioned to capture this via its processing segment, which now contributes significantly to the 19% YoY quarterly revenue growth.
Competitive Landscape
The company faces competition in both the domestic feed market and the international shrimp processing market.
Competitive Moat
The company's moat is built on its integrated business model (feed and processing) and strong brand equity in the shrimp feed market, allowing it to maintain a 15.8% EBITDA margin.
Macro Economic Sensitivity
Sensitive to the performance of the Indian economy and international markets, particularly the US and other export destinations for processed shrimp.
Consumer Behavior
Demand is driven by global seafood consumption trends and preferences for processed/ready-to-cook shrimp products.
Geopolitical Risks
Exposure to international trade barriers and changes in global shrimp consumption patterns.
Regulatory & Governance
Industry Regulations
Operations are subject to governmental fiscal incentives and international food safety standards for shrimp exports.
Taxation Policy Impact
The effective tax rate for FY25 was approximately 24.5% (INR 180.44 Cr tax on INR 737.49 Cr PBT).
Legal Contingencies
The company has disclosed the impact of pending litigations in its financial statements, though specific case values are not detailed in the provided summary.
Risk Analysis
Key Uncertainties
Volatility in raw material prices and the potential withdrawal of government export incentives are the primary business risks.
Geographic Concentration Risk
High dependence on international markets for the shrimp processing segment, which is the primary growth engine (61.5% YoY growth).
Third Party Dependencies
Dependency on a network of suppliers for raw materials totaling INR 4,258.16 Cr annually.
Technology Obsolescence Risk
The company identifies 'technological implementation and advancements' as a risk factor for future performance.
Credit & Counterparty Risk
Trade receivables stood at INR 3.62 Cr (billed) as of March 31, 2025, showing a significant decrease from the previous year's adjustment of INR 21.97 Cr, indicating improved collections.
