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Revenue
₹1,468 Cr
verified against source
Revenue YoY
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reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Avanti Feeds reported Q4 FY26 consolidated gross income of ₹1,516 crore, up 5.86% YoY, but PBT declined 12.8% YoY to ₹184 crore due to rising raw material costs. Feed division gross income was ₹1,068 crore, with PBT down 28% YoY as fish meal and soya bean meal prices surged. Shrimp processing exports grew 22% YoY in Q4, with PBT jumping to ₹48 crore from ₹18 crore. For FY26, consolidated gross income rose 8.9% to ₹6,279 crore and PBT grew 20% to ₹882 crore. Management guided for FY27 feed sales of ~5,80,000 MT and shrimp exports of ~19,000 MT, but flagged severe raw material inflation (fish meal doubled to ₹240/kg) and uncertainty from US tariff refunds. Key risks include inability to fully pass on cost hikes and potential El Niño impact on agriculture. The pet food segment remains nascent at ₹1.51 crore quarterly revenue.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects feed sales volume of around 5,80,000 metric tons in FY27, up from 5,62,260 MT in FY26.
- Export volume guided at approximately 19,000 MT for FY27, compared to 16,976 MT in FY26.
- Management plans to increase feed prices in the next 1-2 weeks to offset raw material cost inflation, with quantum under evaluation.
- Pet food production capacity targeted to reach 800 metric tons per annum by end of FY27, up from current 100 MT.
Risks flagged
- Fish meal prices doubled to ₹240/kg and soya bean meal rose 45% in two months, severely impacting feed margins if price hikes are not fully passed through.
- Refund of $15-20 million in reciprocal tariffs depends on liquidation reviews that may take 12-18 months, with no clarity on timing.
- Potential El Niño conditions could affect soybean and fish meal production, further escalating input costs.
- Despite installed capacity of 26-28,000 MT, effective utilization is limited by seasonality and raw material availability, capping export growth.
Key quotes
- The price of fish meal doubled from 100 rupees to 240 rupees in a span of two months May and June.
- We are preparing for increase in feed price at the earliest to compensate the price hike as much as possible keeping in view the overall shrimp culture.
- Roughly it will come around 15 to $20 million.
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