Avanti Feeds Limited conducted its Q4 FY26 Investor Conference Call on June 15, 2026, detailing its financial performance for the quarter and year ended March 31, 2026. The company reported increased gross income and PBT for the full year on a consolidated basis. Presentations covered performance in Shrimp Feed, Shrimp Processing & Export, and Pet Care segments, alongside discussions on raw material costs, export markets, and future growth strategies.
Avanti Feeds Limited Reports Strong FY26 Performance and Future Outlook
Avanti Feeds Limited has released its financial results for the fourth quarter and full year ended March 31, 2026. The company hosted an investor conference call on June 15, 2026, to discuss the outcomes and provide insights into its strategic direction.
Financial Highlights (Consolidated)
For the fourth quarter of FY26 (Q4 FY26), Avanti Feeds reported a gross income of INR 1,515 crore, marking an increase of approximately 4.77% from INR 1,447 crore in the previous quarter (Q3 FY26). Compared to Q4 FY25, gross income rose by 5.86% to INR 1,432 crore. Profit Before Tax (PBT) for Q4 FY26 stood at INR 184 crore, a decrease of 17.12% from Q3 FY26 but a decrease of about 12.8% from Q4 FY25.
For the full financial year ended March 31, 2026 (FY26), consolidated gross income increased by 8.9% to INR 6,279 crore from INR 5,766 crore in FY25. PBT saw a significant rise of approximately 20%, reaching INR 882 crore compared to INR 737 crore in FY25.
Segment Performance
Feed Division
The Feed Division reported a gross income of INR 1,068 crore in Q4 FY26, up from INR 993 crore in Q3 FY26, driven by increased feed quantity sales. However, PBT for the division decreased by 19% to INR 139 crore due to higher raw material costs. For the full year FY26, the gross income was INR 4,538 crore, a marginal decrease from FY25. The PBT, however, increased by 8.66% to INR 715 crore.
Raw materials such as fish meal and soya bean meal have seen price increases, impacting profitability. The company is actively monitoring these fluctuations and preparing for potential price adjustments.
Shrimp Processing and Export Division
In FY26, the export of frozen shrimp reached approximately 7,92,647 MT, valued at USD 5,624.48 million. The USA and China remain key markets, with exports to China increasing by 24% and to the European Union by 36% year-on-year. The division’s gross income for Q4 FY26 was INR 446 crore, a 22% YoY growth. PBT for the 12 months of FY26 was INR 178 crore, a substantial increase from INR 86 crore in FY25, driven by higher sales volumes and improved price realization.
Pet Care Division
The Pet Care segment, operating under the brand Avant Furst, showed growth in Q4 FY26 with sales of INR 151 lakhs, up from INR 136 lakhs in Q3 FY26. The company is expanding its product portfolio and market reach through e-commerce platforms and digital marketing. A state-of-the-art manufacturing facility is under development near Hyderabad.
Future Outlook and Strategy
The company anticipates a challenging season for the aquaculture industry due to rising raw material prices and global demand shifts. However, it remains optimistic about export markets, particularly the U.S. and Europe. Avanti Feeds is focused on increasing capacity utilization, diversifying its product offerings, and strengthening its market position through strategic initiatives and potential import regulations for key raw materials like soybean meal.
Regarding future investments, the company does not foresee any major CapEx in the next two years, focusing instead on organic growth and capacity utilization.
Q&A Highlights
Key discussions during the Q&A session included the performance of the Feed division in FY27, margin outlook, the potential impact of Free Trade Agreements (FTAs), and the scale and expansion plans for the Pet Care business. The company is actively engaging with the government to address raw material price volatility and ensure stable feed prices for shrimp culture.
Source: BSE
