What was Avanti Feeds's revenue in Q3 FY26?

Avanti Feeds reported revenue of ₹1,384 Cr in Q3 FY26, a +2.99% change year-over-year.

Did Avanti Feeds management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Avanti Feeds Q3 FY26 Research Workspace: Revenue ₹1,384 Cr (+2.99%)

Q: What guidance did Avanti Feeds management give?

FY26 feed sales target of ~5,55,000 MT: Management expects full-year feed sales volume to reach around 5,55,000 MT, implying strong Q4 volumes.

Revenue ₹1,384 Cr +2.99%

EBITDA —

PAT ₹163 Cr

EBITDA Margin 13%

Duration 61 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Avanti Feeds reported Q3 FY26 consolidated gross income of ₹1,447 crore, up 3% YoY but down 13% sequentially, reflecting seasonal feed volume decline. PBT grew 21% YoY to ₹222 crore, aided by lower raw material costs in feed and improved realizations in processing. Feed division PBT margin was 16% for 9M FY26, but management expects full-year PBT margin to moderate to 14.5-15% due to rising fish meal and soybean meal prices. Processing division saw 39% YoY revenue growth, driven by higher volumes and better realizations. The US tariff situation has improved with the removal of IEEPA-based duties, though a 10% import surcharge remains. Pet care sales reached ₹1.36 crore in Q3, with a manufacturing facility under development. Guidance for FY27 is preliminary, with expectations of 10%+ feed volume growth. Key risk: sustained raw material inflation could compress margins in Q4.

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⚖Claim Ledger 67% answered

Did management answer the analysts?

12 analyst questions audited, 2 evaded or deflected.

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!Risks 4 risks

Risk Intelligence

Rising raw material prices

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Quarter Snapshot

Feed sales volume (Q3 FY26) 1,18,127 MT

-10.5% QoQ

Sequential decline due to seasonal aquaculture slowdown; YoY down from 1,32,049 MT.

Processing sales volume (9M FY26) 12,996 MT

+28% YoY

Higher volumes driven by improved demand and market access.

Fish meal price (Q3 FY26) ₹117/kg

+19% QoQ

Sharp increase from ₹98/kg in Q2; current price at ₹145/kg, pressuring margins.

Pet care sales (Q3 FY26) ₹1.36 crore

+43% QoQ

Continued growth from ₹0.95 crore in Q2; dog food contributes 60-65% of revenue.

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Guidance and risk preview

Top guidance FY26 feed sales target of ~5,55,000 MT

Management expects full-year feed sales volume to reach around 5,55,000 MT, implying strong Q4 volumes.

Top risk Rising raw material prices

Fish meal and soybean meal prices have increased sharply, with fish meal at ₹145/kg currently, which could compress feed margins in Q4.