Venky's (India) Limited (VENKEYS)
₹1,701.70 +2.59% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Venky's (India)'s revenue was ₹1,118 Cr (+29.1% year on year, +1.7% on the previous quarter), and net profit ₹50.0 Cr (+212.4% year on year); the operating margin was 6.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,118 | +29.1% | +1.7% |
| Operating profit | ₹69.2 | +188.2% | -46.8% |
| Net profit | ₹50.0 | +212.4% | -50.5% |
| EPS (₹) | 35.49 | +215.7% | -50.7% |
| Operating margin | 6.2% | — | — |
VENKEYS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 37.5% of the VENKEYS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 45.22%. The price rose 2.59% on unusually low delivery, so more of the move than usual was intraday trading.
Delivery in the last 5 sessions: 49.3% · 43.7% · 26.3% · 39.9% · 37.5%
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
Venky's (India) Limited concluded its 50th Annual General Meeting on September 29, 2026. Shareholders approved all ordinary resolutions via e-voting, including the adoption of FY26 financial statements and a dividend payout of ₹10 per equity share. Additionally, the re-appointment of retiring director Mr. B. Venkatesh Rao and the remuneration of cost auditors for FY27 were approved. The meeting was attended by 48 shareholders via video conference.
- Declared a dividend of ₹10 per equity share for FY26
- Adopted audited financial statements for the year ended March 31, 2026
- Re-appointed Mr. B. Venkatesh Rao as Director retiring by rotation
- 48 shareholders attended the 50th AGM held via video conferencing
Venky's (India) Limited has responded to an NSE surveillance query regarding significant volume movement in its scrip. In its letter dated September 2, 2026, the company clarified that it has no undisclosed price-sensitive information or impending announcements that could affect trading price or volume. This filing is a standard regulatory response to exchange inquiries and indicates no unannounced corporate developments.
- Response submitted to NSE on September 2, 2026
- Addresses NSE surveillance query letter NSE/CM/Surveillance/17448 dated August 31, 2026
- Company confirmed 0 undisclosed price-sensitive announcements or impending events
Venky's (India) Limited has scheduled its 50th Annual General Meeting for Tuesday, September 29, 2026, at 10:30 a.m. via Video Conferencing. The company has fixed Friday, September 11, 2026, as the record date to determine shareholder eligibility for the dividend, subject to member approval at the AGM. This is a standard corporate action timeline disclosure following earlier dividend declarations.
- 50th Annual General Meeting scheduled for Tuesday, 29th September, 2026 at 10:30 a.m.
- Record date fixed as Friday, 11th September, 2026 for dividend entitlement
- Dividend payment remains subject to shareholder approval at the upcoming AGM
Venky's (India) Limited has announced that its 50th Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, through video conferencing. The company has fixed Friday, September 11, 2026, as the record date to determine the eligibility of shareholders for the dividend, subject to shareholder approval at the AGM. Venky's currently operates with a TTM revenue of Rs 3,979 Cr and a TTM PAT of Rs 173 Cr.
- 50th Annual General Meeting scheduled for Tuesday, September 29, 2026 at 10:30 a.m.
- Record date set for Friday, September 11, 2026 for determining dividend eligibility.
- Dividend distribution is subject to approval by shareholders at the 50th AGM.
- Meeting to be conducted entirely via Video Conferencing (VC) / Other Audio Visual Means (OAVM).
Venky's (India) Limited reported a strong start to FY27 with Q1 revenue reaching Rs 1,118.38 Cr, a 29.1% increase compared to Rs 866 Cr in Q1 FY26. Net profit for the quarter stood at Rs 49.99 Cr, a significant 212% jump from the Rs 16 Cr reported in the same period last year. The performance was driven by improved realizations in the poultry segment and volume growth across all three business units: Poultry, Animal Health, and Oilseed. Despite higher feed prices, the company maintained profitability through cost optimization and a better product mix.
- Revenue from operations for Q1 FY27 reached Rs 1,118.38 Cr, representing ~30% of total FY26 revenue
- Profit After Tax (PAT) for the quarter was Rs 49.99 Cr, up from Rs 16 Cr in Q1 FY26
- Earnings Per Share (EPS) for the quarter stood at Rs 35.49, compared to Rs 11.24 in the year-ago period
- Profit Before Tax (PBT) was reported at Rs 69.27 Cr for the quarter ended June 30, 2026
- All three segments (Poultry, Animal Health, and Oilseed) reported volume growth and improved performance
Venky's (India) Limited reported a strong year-on-year performance for Q1 FY27, with total income rising 29% to Rs 1,131.87 cr compared to Rs 877.52 cr in Q1 FY26. Net profit surged 215.8% YoY to Rs 49.99 cr, primarily driven by a significant turnaround in the Oilseed segment and improved realizations in Poultry. However, on a sequential basis, net profit declined by 50.7% from Rs 101.37 cr in Q4 FY26, highlighting the business's inherent seasonality. The Animal Health segment maintained steady growth, with revenue increasing 17% YoY to Rs 113.57 cr.
- Total Income grew 29% YoY to Rs 1,131.87 cr from Rs 877.52 cr in the year-ago period.
- Net Profit increased 215.8% YoY to Rs 49.99 cr, though it fell 50.7% sequentially from Q4 FY26.
- Oilseed segment turned profitable with a result of Rs 30.96 cr compared to a loss of Rs 5.66 cr in Q1 FY26.
- Poultry and Poultry Products segment revenue rose 8.6% YoY to Rs 516.89 cr despite higher feed prices.
- Earnings Per Share (EPS) for the quarter stood at Rs 35.49, up from Rs 11.24 in Q1 FY26.
Venkateshwara Hatcheries Private Limited, the promoter of Venky's (India) Limited, has submitted a formal declaration under Regulation 31(4) of SEBI (SAST) Regulations. The disclosure confirms that the promoters and persons acting in concert have not created any direct or indirect encumbrance on their shareholding. This annual declaration provides transparency regarding the status of promoter shares, ensuring no hidden pledges exist. Such filings are routine but essential for maintaining investor confidence in the company's financial stability.
- Promoters declare zero direct or indirect encumbrance on equity shares held in Venky's (India) Limited.
- Compliance filing submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The declaration covers the entire promoter group and persons acting in concert (PAC).
Venky's (India) Limited reported a strong recovery in Q4 FY26, supported by improved realizations in the poultry segment despite a slight dip in annual broiler volumes to 8.69 crore kgs. The company successfully increased its layer chick volumes to 4.57 crore and broiler chick volumes to 11.46 crore. Management highlighted a strategic shift where nearly 50% of the business now stems from the Oil Seed and Animal Health segments, reducing reliance on volatile poultry cycles. With feed costs averaging ₹31,658 per ton for the year, the company expects to grow in line with the 7-8% industry average.
- Commercial broiler volumes stood at 8.69 crore kgs for FY26, with realizations at ₹89.59 per kg against a cost of ~₹89.
- Layer chick volumes grew to 4.57 crore with a realization increase of ₹3.65 per chick to ₹45.15.
- Broiler chick volumes rose to 11.46 crore, while production costs for these chicks averaged ~₹32 per bird.
- The revenue mix is now balanced at 50% poultry and 50% combined Oil Seed and Animal Health Products (AHP).
- Average feed prices for the financial year were recorded at ₹31,658 per ton.
Venky's (India) Limited has officially released the audio recording of its investor conference call held on May 15, 2026. The call was centered around the company's financial performance for the fiscal year ended March 31, 2026. This disclosure is a standard regulatory requirement to ensure transparency for all shareholders. The recording provides access to management's detailed commentary on the poultry sector and the company's operational results.
- Earnings call conducted on May 15, 2026, following the release of FY2026 annual results.
- Audio recording link provided to the stock exchanges for public access.
- The discussion focused on the financial performance for the year ended March 31, 2026.
- Complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations.
Venky's (India) Limited reported a robust performance for Q4 FY26, with revenue reaching Rs 1,100.47 crore and a net profit of Rs 101.37 crore. This represents a significant sequential growth compared to the Rs 48.58 crore profit in Q3 and a complete turnaround from the loss reported in Q2. For the full year FY26, the company achieved a total revenue of Rs 3,727.32 crore and a PAT of Rs 139.25 crore. The board has also recommended a dividend of Rs 10 per share, reflecting confidence in the company's cash flow and recovery.
- Q4 FY26 Net Profit surged to Rs 101.37 Cr, more than doubling from Rs 48.58 Cr in the preceding quarter.
- Full-year FY26 Revenue stood at Rs 3,727.32 Cr with an annual EPS of Rs 98.85.
- Board recommended a dividend of Rs 10 (100%) per share for the financial year ended March 31, 2026.
- Poultry and Poultry Products segment saw improved realizations from the sale of day-old chicks and grown-up birds.
- Oilseed segment performance improved significantly due to higher capacity utilization and competitive delivery.
The Board of Directors of Venky's (India) Limited has recommended a final dividend of Rs. 10 per equity share for the financial year ended March 31, 2026. This payout represents a 100% dividend on the face value of the equity shares. The recommendation was finalized during the board meeting held on May 14, 2026, which concluded at 12:30 PM. The dividend is subject to shareholder approval at the upcoming Annual General Meeting and will be paid within statutory timelines thereafter.
- Recommended a final dividend of Rs. 10 per equity share for FY 2025-26
- The dividend payout represents 100% of the face value per equity share
- Board meeting was conducted on May 14, 2026, between 10:30 AM and 12:30 PM
- Final payment is subject to shareholder approval at the ensuing Annual General Meeting
Venky's (India) Limited has scheduled its Q4FY26 results conference call for Friday, May 15, 2026, at 2:30 PM IST. The call will feature senior management from the Oil Seed, Poultry, and Animal Health Products (AHP) segments, including the CFO and Company Secretary. This routine interaction allows analysts and institutional investors to discuss the company's quarterly financial performance and operational outlook. The session is being coordinated by ICICI Securities and includes international toll-free access for global investors.
- Conference call for Q4FY26 results scheduled for May 15, 2026, at 14:30 hrs India Time.
- Management representation includes General Managers from Oil Seed, Poultry, and AHP segments.
- Universal access numbers provided are +91 22 6280 1144 and +91 22 7115 8045.
- International toll-free numbers available for Singapore, Hong Kong, UK, and USA.
- Call coordinated by ICICI Securities with Diamond Pass registration enabled.
Venky's (India) Limited reported a significant turnaround in Q3 FY26, posting a Profit After Tax (PAT) of Rs 48.58 crore compared to a loss in the previous quarter. Revenue for the quarter stood at Rs 960.15 crore, driven by improved realizations in the poultry and poultry products segment, specifically from day-old chicks and grown-up birds. The company's EPS for the quarter reached Rs 34.48, a sharp increase from previous periods. For the nine-month period ending December 2025, the company achieved a total revenue of Rs 2,626.85 crore and a PAT of Rs 37.88 crore.
- Quarterly Revenue from operations reached Rs 960.15 crore for the period ended December 31, 2025.
- Profit After Tax (PAT) for Q3 stood at Rs 48.58 crore, marking a strong recovery from the Rs 26.53 crore loss in Sep-25.
- Earnings Per Share (EPS) for the quarter was reported at Rs 34.48.
- Poultry segment performance improved significantly due to better realizations from sale of day-old chicks and grown-up birds.
- Nine-month cumulative Profit Before Tax (PBT) stood at Rs 52.83 crore on a revenue of Rs 2,626.85 crore.
Venky's (India) Limited reported a robust performance for the quarter ended December 31, 2025, with net profit jumping 138% YoY to ₹48.58 crore. Revenue from operations grew by 7.8% YoY to ₹950.15 crore, supported by growth across all segments, particularly Oilseed and Poultry. The Poultry segment's profitability saw a massive turnaround, with segment results rising to ₹48.64 crore from ₹15.08 crore in the previous year, driven by better realizations. Earnings per share (EPS) for the quarter improved significantly to ₹34.48 from ₹14.47 YoY.
- Net Profit increased by 138% YoY to ₹48.58 crore in Q3 FY26 compared to ₹20.38 crore in Q3 FY25.
- Revenue from operations rose 7.8% YoY to ₹950.15 crore from ₹881.61 crore.
- Poultry segment profit surged to ₹48.64 crore from ₹15.08 crore YoY due to improved realizations from day-old chicks and grown-up birds.
- Oilseed segment revenue grew by 19.9% YoY to ₹390.73 crore.
- Earnings per share (EPS) more than doubled to ₹34.48 for the quarter from ₹14.47 in the year-ago period.
Financial Performance
Revenue Growth by Segment
For H1 FY26, Poultry and Poultry Products revenue was INR 965.49 Cr, Animal Health Products (AHP) was INR 163.83 Cr, and Oilseed was INR 507.57 Cr. In the previous full year (FY25), AHP grew 9.4% YoY to INR 339.31 Cr, while Oilseed revenue declined 35.8% YoY to INR 1,140.75 Cr.
Geographic Revenue Split
Not disclosed in available documents, though operations are primarily focused in India with key facilities in Pune and Patan.
Profitability Margins
Q2 FY26 Net Profit Margin was -3.27% (Loss of INR 26.53 Cr on INR 811.23 Cr revenue). Historically, Net Profit Margin improved from 2.12% in FY24 to 3.53% in FY25. Operating Profit Margin also rose from 2.36% to 4.08% in the same period.
EBITDA Margin
PBILDT margin for H1 FY25 reached 8.59%, an increase of 339 basis points over the 5.20% margin recorded in H1 FY24, driven by higher demand and improved realizations in the poultry segment.
Capital Expenditure
The company is term debt-free as of September 30, 2023, after closing the term loan for the SPF division Patan Project. No major debt-funded capital expenditure is planned for the near future.
Credit Rating & Borrowing
The company maintains a comfortable capital structure with an overall gearing of 0.13x as of March 31, 2024. Interest coverage ratio improved to 10.96x in FY25 from 7.02x in FY24 due to lower finance costs and improved performance.
Operational Drivers
Raw Materials
Maize and Soya (soyaseed/soybean) are the primary raw materials, accounting for approximately 75% of the total production cost.
Import Sources
Sourced domestically in India, with procurement timing linked to the harvesting season to manage cost volatility.
Capacity Expansion
Current capacity is supported by strong infrastructure and production capabilities; the SPF division Patan Project was recently completed to strengthen production.
Raw Material Costs
Raw material costs represent 75% of total revenue. Profitability is highly vulnerable to price movements in maize and soya, which the company often cannot fully pass on due to the fragmented nature of the poultry industry.
Strategic Growth
Growth Strategy
Growth is targeted through regular expansion projects to strengthen production capabilities and the gradual, stable scaling of the Animal Health Products segment.
Products & Services
Day-old broiler chicks, CBF birds, Broiler Hatching Eggs, SPF eggs, Soya oil, Soya de-oiled cake (DOC), and Animal Health Products (vaccines and medicines).
Brand Portfolio
Venky's.
Market Expansion
Ongoing regular expansion projects are aimed at strengthening production infrastructure across existing segments.
External Factors
Industry Trends
The poultry industry is characterized by high fragmentation and seasonal demand dips (e.g., Q2), making it difficult for players to maintain steady margins during input cost spikes.
Competitive Landscape
Intense competition from a large number of fragmented players in the poultry and oilseed markets.
Competitive Moat
The company possesses a moat through its integrated business model, spanning from breeding and SPF eggs to animal health and oilseed processing, providing a diversified revenue base.
Macro Economic Sensitivity
Highly sensitive to agri-inflation, specifically maize and soya prices, which dictate 75% of the cost structure.
Consumer Behavior
Demand for poultry products is subject to seasonal variations, which typically results in lower realizations during the second quarter of the fiscal year.
Regulatory & Governance
Industry Regulations
Operations are subject to SEBI (LODR) Regulations; the company noted a minor 2-day delay in a Risk Management Committee meeting in FY24.
Taxation Policy Impact
The effective tax rate is approximately 24.3% based on a tax credit of INR 8.55 Cr against a PBT loss of INR 35.08 Cr in Q2 FY26.
Legal Contingencies
The company paid a fine of INR 4,13,000 to the National Stock Exchange in FY23 for non-compliance matters.
Risk Analysis
Key Uncertainties
Volatility in raw material prices (maize/soya) and unpredictable realizations for poultry products are the primary business risks.
Geographic Concentration Risk
Revenue is heavily concentrated in the Indian domestic market.
Third Party Dependencies
High dependency on the agricultural supply chain for maize and soyaseed procurement.
Credit & Counterparty Risk
Receivables quality is supported by a comfortable working capital utilization rate of 65-70%.
