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.
AVANTIFEEDS / Q3-FY26 / risks
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Avanti Feeds · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
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.
Pet 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.
Competition 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.