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AVTNPL - AVT Natural Prod

📊 NSE: AVTNPL 🏢 Food - Processing - Indian 📅 Last Updated: 12/13/2025 18:48

📢 Recent Corporate Announcements

AVT Natural Q3 Net Profit Jumps 72% QoQ to ₹15.96 Cr; Declares ₹0.35 Interim Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 27 Feb 2026, 05:17 PM

AVT Natural Products reported a strong sequential recovery in Q3 FY26, with revenue from operations rising 26% QoQ to ₹191.16 crore. Net profit for the quarter stood at ₹15.96 crore, a significant 72.5% increase from the previous quarter, though slightly lower than the ₹17.48 crore in the year-ago period. The company declared an interim dividend of ₹0.35 per share (35% of face value) with a record date of February 19, 2026. For the nine-month period ending December 2025, revenue grew 24% YoY to ₹467.35 crore, reflecting robust business momentum.

Revenue from operations grew to ₹191.16 crore in Q3 FY26 vs ₹151.29 crore in Q2 FY26.
Net profit increased 72.5% sequentially to ₹15.96 crore from ₹9.25 crore in the preceding quarter.
Declared an interim dividend of ₹0.35 per equity share (35%) with a record date of February 19, 2026.
Nine-month revenue reached ₹467.35 crore, up from ₹376.34 crore in the previous year.
Recognized an incremental provision of ₹2.20 crore during the quarter for the estimated impact of new Labour Codes.

💡 Investors should view the strong sequential growth and consistent dividend payout as positive indicators of operational recovery. The stock remains attractive for those seeking exposure to the natural products and solvent extraction segment with a focus on yield.

AVT Natural Products Announces Interim Dividend of ₹0.35; Record Date Feb 19, 2026

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 11 Feb 2026, 04:49 PM

AVT Natural Products Limited has declared an interim dividend of ₹0.35 per equity share for the financial year 2025-26, representing a 35% payout on its ₹1 face value. The Board of Directors has fixed February 19, 2026, as the record date to identify eligible shareholders. This announcement follows the board meeting held on February 11, 2026. The company has committed to processing the dividend payment within 30 days of the declaration.

Interim dividend of ₹0.35 per equity share declared for FY 2025-26
Dividend payout represents 35% of the face value of ₹1 per share
Record date for eligibility set as Thursday, February 19, 2026
Payment to be completed within 30 days from the date of declaration

💡 Investors interested in the dividend should ensure they own the shares before the ex-dividend date to be eligible for the ₹0.35 per share payout. The consistent dividend payout reflects the company's commitment to returning value to shareholders.

AVT Natural Products Declares 35% Interim Dividend and Q3 FY26 Results

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 11 Feb 2026, 04:44 PM

AVT Natural Products Limited has approved its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors declared an interim dividend of Re. 0.35 per equity share, which is 35% of the face value of Re. 1. The record date for determining shareholder eligibility for this dividend is February 19, 2026. The company plans to complete the dividend payout within 30 days from the declaration date.

Declared an interim dividend of Re. 0.35 per equity share (35% of face value).
Unaudited financial results for Q3 and nine months ended Dec 31, 2025, were approved.
Record date for dividend eligibility is fixed as February 19, 2026.
Dividend payment will be processed within 30 days of declaration.

💡 Investors interested in the dividend should ensure they hold shares before the record date of February 19, 2026. Long-term investors should review the detailed financial results to assess the company's operational performance.

AVT Natural Products Declares Interim Dividend of ₹0.35 Per Share

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 11 Feb 2026, 02:12 PM

AVT Natural Products Limited (AVTNPL) has declared an interim dividend of ₹0.35 per equity share for the financial year 2025-26, representing a 35% payout on the face value of ₹1. The company has fixed February 19, 2026, as the record date to determine eligible shareholders. The dividend payment will be completed within 30 days of the declaration. This announcement was made alongside the approval of the company's unaudited financial results for the quarter and nine months ended December 31, 2025.

Interim dividend declared at ₹0.35 per equity share of face value ₹1 each
Dividend payout ratio stands at 35% of the face value
Record date for dividend eligibility is fixed as February 19, 2026
Payment to be disbursed to eligible shareholders within 30 days of declaration
Board also approved unaudited financial results for Q3 and 9M ended December 31, 2025

💡 Investors interested in the dividend should ensure they hold the stock before the record date of February 19, 2026. It is also recommended to analyze the Q3 financial results released alongside this announcement to evaluate the company's earnings sustainability.

AVT Natural Products Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jan 2026, 03:55 PM

AVT Natural Products Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by the Registrar and Share Transfer Agent, Cameo Corporate Services Limited, covers the quarter ended December 31, 2025. This filing is a standard administrative requirement confirming that share certificates received for dematerialization have been processed and the names of the depositories have been substituted in the register of members. It ensures that the company is maintaining proper records of its electronic and physical shares.

Compliance certificate submitted for the quarter ended December 31, 2025.
Issued by Registrar and Share Transfer Agent (RTA) M/s. Cameo Corporate Services Limited.
Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
Filed with both BSE (519105) and NSE (AVTNPL) on January 9, 2026.

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's upcoming quarterly financial performance for material impact.

AVT Natural Products to Close Trading Window from January 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Dec 2025, 05:32 PM

AVT Natural Products Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the upcoming financial results. The window will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter and nine months ending December 31, 2025. This is a standard regulatory procedure for listed companies in India.

Trading window closure commences on January 1, 2026.
Applies to all Designated Persons and their immediate relatives as per SEBI regulations.
Closure is related to the upcoming Q3 and nine-month financial results ending December 31, 2025.
Window will reopen 48 hours after the official announcement of the financial results.

💡 No action is required as this is a routine regulatory filing. Investors should await the announcement of the board meeting date for the actual Q3 financial results.

View All AVTNPL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue is diversified across Marigold extracts (40%), Spice oleoresins (30-40%), and Beverages (25-30%). Total operating income grew 23% YoY to INR 492 Cr in FY2021, followed by a 2% increase to INR 582 Cr in FY2023. However, revenue declined by 10.3% to INR 522 Cr in FY2024, with Q1 FY2025 recording INR 104.5 Cr.

Geographic Revenue Split

The company is heavily export-oriented with 95-98% of total revenue derived from international markets. The US and UK are the primary regions, accounting for 55-65% of total revenue, making the company highly sensitive to the economic conditions of these two nations.

Profitability Margins

Operating margins have shown a downward trend, sustaining above 20% in FY2023 (20.8%) but moderating to 16.0% in FY2024 and sharply declining to 7.5% in Q1 FY2025. Net profit margins (PAT/OI) followed this trend, dropping from 13.3% in FY2023 to 10.2% in FY2024 and 5.7% in Q1 FY2025 due to gross margin pressure.

EBITDA Margin

EBITDA margin (OPBDIT/OI) stood at 20.8% in FY2023, decreasing by 480 basis points to 16.0% in FY2024. This contraction was driven by higher raw material costs and operational inefficiencies, with a further drop to 7.5% in Q1 FY2025 as gross margins remained under pressure.

Capital Expenditure

The company planned a growth capex of INR 60-70 Cr in FY2024 specifically for capacity addition in the beverage products category to drive future volume growth. Historical debt repayment obligations remain minimal at INR 3.5 Cr to INR 4.2 Cr annually.

Credit Rating & Borrowing

AVTNPL maintains a healthy credit profile with an interest coverage ratio of 12.0x in FY2024 (down from 22.6x in FY2023). Borrowing costs are expected to rise following the discontinuation of the interest subvention scheme in June 2024, which will likely moderate future interest coverage metrics.

⚙️ Operational Drivers

Raw Materials

Key raw materials include agricultural commodities such as Marigold flowers, Tea, Pepper, Paprika, and Capsicum. These materials exhibit high price volatility and are subject to seasonal availability.

Import Sources

While specific countries are not listed for all imports, the company relies on local procurement for marigold through backward integration and global sourcing for spices and tea to meet its 95%+ export demand.

Key Suppliers

Not specifically disclosed, but the company utilizes a backward integration model for marigold to gain better control over pricing and quality of the raw material supply.

Capacity Expansion

Planned expansion includes a capacity increase in the beverage products segment supported by an INR 60-70 Cr investment in FY2024 to capture healthy traction in the beverage category.

Raw Material Costs

Raw material costs are a significant portion of the expense structure, with margins sensitive to commodity price swings. Backward integration in marigold provides some price control, but other commodities remain exposed to market volatility.

Manufacturing Efficiency

Operational efficiency has improved in some segments, but overall operating margins are expected to moderate to ~18% in the medium term due to gross margin pressures.

Logistics & Distribution

As an export-oriented unit (95%+ exports), logistics costs are tied to global shipping rates, impacting the final margin on products delivered to the US and UK.

📈 Strategic Growth

Expected Growth Rate

8-10%

Growth Strategy

Growth will be driven by an INR 60-70 Cr capacity expansion in the beverage segment, leveraging long-term strategic supply agreements with key customers like Kemin Industries, and expanding the value-added spice oleoresin portfolio.

Products & Services

Plant-based extracts, Marigold extracts (Lutein), Spice oils, Oleoresins, and Natural ingredient solutions for food, beverage, animal nutrition, and nutraceutical industries.

Brand Portfolio

AVT Natural Products (part of the A.V. Thomas Group).

New Products/Services

Introduction of new product lines in the natural extracts and beverage segments contributed to the 23% volume growth seen in FY2021.

Market Expansion

Focusing on increasing the 'Beverages' segment contribution, which currently stands at 25-30%, through dedicated capacity additions.

Market Share & Ranking

The company holds an established presence in the global oleoresin and marigold extract segments, though specific global ranking % is not disclosed.

Strategic Alliances

Long-term strategic agreement with Kemin Industries for the exclusive supply of specific products, providing high revenue visibility.

🌍 External Factors

Industry Trends

The industry is shifting toward natural ingredients and plant-based solutions. AVTNPL is positioned to benefit from this trend, though it faces competition from other low-cost extraction hubs.

Competitive Landscape

Competes with global and domestic players in the natural extracts and oleoresin markets; competition is based on quality certifications and supply chain reliability.

Competitive Moat

Moat is built on long-term (30+ years) management experience, exclusive strategic supply contracts, and backward integration in the marigold supply chain, which are difficult for new entrants to replicate quickly.

Macro Economic Sensitivity

Highly sensitive to global demand for natural health products and nutraceuticals, particularly in Western economies.

Consumer Behavior

Increasing consumer preference for natural food colors and nutraceutical supplements is driving steady demand for marigold and spice extracts.

Geopolitical Risks

Concentration in the US and UK (65% of revenue) exposes the company to trade policy changes or regulatory shifts in those specific jurisdictions.

⚖️ Regulatory & Governance

Industry Regulations

Subject to stringent international food safety and nutraceutical standards for exports to the US and UK, as well as local agro-commodity regulations.

Environmental Compliance

As an agricultural processor, the company is exposed to environmental risks related to waste discharge and chemical use in extraction, though specific ESG spend is not disclosed.

Taxation Policy Impact

The company's effective tax rate is not specified, but it has historically benefited from export-related incentives and interest subvention schemes.

Legal Contingencies

No major pending court cases or material legal disputes were disclosed in the provided documents.

⚠️ Risk Analysis

Key Uncertainties

Agro-climatic risks affecting raw material yields could impact revenue by 10-15% in a bad harvest year. High customer concentration (80% from top 5) remains a critical vulnerability.

Geographic Concentration Risk

65% of revenue is concentrated in the US and UK markets.

Third Party Dependencies

High dependency on a few key customers for repeat orders, though mitigated by long-term exclusive supply agreements.

Technology Obsolescence Risk

Low risk, as the core business relies on established extraction technologies, though shifting to CO2 extraction or newer methods may require future capex.

Credit & Counterparty Risk

Receivables quality is considered high due to established relationships with large global players like Kemin Industries, despite high debtor days (80 days in Mar 2024).