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.
high · management_commentary
Avanti Feeds Ltd — Q3 FY26
Avanti Feeds reported Q3 FY26 consolidated gross income of ₹1,447 crore, up 3% YoY but down 13% sequentially, reflecting seasonal feed volume decline.
neutral
medium
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Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
US tariff uncertainty
Although IEEPA tariffs were removed, a new 10% import surcharge under Section 122 has been imposed, with potential increase to 15%, creating ongoing uncertainty for exports.
high · management_commentaryPet care project execution delay
The pet food manufacturing facility is still in design and approval stage; management could not provide a clear timeline for commissioning, indicating potential delays.
medium · analyst_questionCompetition from e-commerce private labels
Amazon has launched its own pet food brand, which could pose a threat to Avanti's online sales channel, though management downplayed the risk.
low · analyst_question