Side-by-side earnings comparison across verified financials, AI summaries, management guidance, risks, quotes, and accountability signals.
Schaeffler India delivered a stellar Q4 CY25 with revenue of ₹2,643 crore (+26.9% YoY) and EBITDA of ₹505.6 crore (+19.1% YoY), driven by strong volume growth across automotive (42% YoY in AT), industrial, and aftermarket segments.
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Avanti Feeds reported Q3 FY26 consolidated gross income of ₹1,447 crore, up 3% YoY but down 13% sequentially, reflecting seasonal feed volume decline.
Read Avanti Feeds analysis →Schaeffler India delivered a stellar Q4 CY25 with revenue of ₹2,643 crore (+26.9% YoY) and EBITDA of ₹505.6 crore (+19.1% YoY), driven by strong volume growth across automotive (42% YoY in AT), industrial, and aftermarket segments. The company benefited from robust end-market demand, GST 2.0 reforms, and new business wins in hybrid and e-mobility. PAT came in at ₹328 crore with EBITDA margin of 19.1%. Management guided for sustained double-digit growth in CY26, with capex stepping up to over ₹500 crore to support capacity expansion (current utilization >85%). Key risk: export growth may moderate to 5-10% in CY26 due to slower European demand.
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.
Strong growth driven by e-mobility ramp-up and IC engine wins.
All plants operating above 85% utilization; productivity improvements ongoing.
Continued focus on localizing spherical roller bearings and other components.
Strong cash generation driven by working capital improvement to 17.9% of sales.
Sequential decline due to seasonal aquaculture slowdown; YoY down from 1,32,049 MT.
Higher volumes driven by improved demand and market access.
Sharp increase from ₹98/kg in Q2; current price at ₹145/kg, pressuring margins.
Continued growth from ₹0.95 crore in Q2; dog food contributes 60-65% of revenue.
Management plans to step up capex to over ₹500 crore in 2026, returning to average levels of 2022-2024, to support capacity expansion and new technologies.
Management guidance capexExport order book for 2026 is in line with 2025, but growth is expected to moderate to 5-10% due to economic conditions in Europe and Asia Pacific.
Management guidance growthManagement reiterated commitment to double-digit growth in the medium term, supported by strong pipeline and market demand.
Management guidance growth
Management expects full-year feed sales volume to reach around 5,55,000 MT, implying strong Q4 volumes.
Management guidance revenueFull-year PBT margin expected to be 14.5-15% for the feed division, down from 16% in 9M due to raw material cost pressures.
Management guidance marginsShrimp processing exports are estimated at 16,500 MT for FY26, up from 14,149 MT in FY25.
Management guidance revenueManagement expects minimum 10% growth in feed sales volume in FY27, driven by positive farmer sentiment and expanded culture area.
Management guidance growthManagement guided export growth to slow to 5-10% in CY26 from 30-35% in CY25, due to weaker European and Asia Pacific demand.
medium · management_commentaryAnalyst raised concern about a competitor's new SRB plant; management acknowledged competition but emphasized localization strategy.
medium · analyst_questionKRSV's losses widened to 18.3% margin in Q4; management expects improvement in CY26 through channel and product mix optimization.
medium · data_observation
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_commentaryAlthough 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_commentaryThe 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_questionAmazon 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_questionWe have now started to leverage and ensure the sweating of the assets that we have already invested in last year.
The hybrid technology what we deliver is at a module and a subsystem level. So the value of which is definitely much higher.
The prices of fish meal increased in Q3 FY26 to 117 per kg from 98 in Q2 and increased from 93 per kg in Q3 FY25.
It is a positive development to see withdrawal of 25% duty imposed as a penalty for import of Russian oil. It has given much needed relief to the export of shrimps to USA.
