Avanti Feeds Ltd
NSE:AVANTIFEED
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Avanti Feeds Ltd
NSE:AVANTIFEED
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IN |
Avanti Feeds Ltd
Avanti Feeds Ltd. is a manufacturer of shrimp feed, which engages in production and exports shrimp. The company is headquartered in Hyderabad, Telangana and currently employs 1,162 full-time employees. Its segments include Shrimp Feed, Processed Shrimp, Power, and Shrimp Hatchery. The shrimp feed is manufactured and marketed to the farmers, which is used in aqua culture to grow shrimp. The shrimps are purchased from the farmers and are further processed and exported to various countries. The company has installed over four mills of over 3.2 megawatts capacity at Chitradurga, Karnataka. The Power generated from windmills is sold to Bangalore Electricity Supply Company Limited (BESCOM) under power purchase agreement. The company has five shrimp feed manufacturing, two shrimp processing, a hatchery to produce shrimp larvae and a shrimp culture farm. Its products include raw shrimp, cooked shrimp, and value-added shrimp. Its value-added shrimps include marinated products, breaded products, skewers, and shrimp rings. The company provides its products to various market, such as Europe, Japan, Korea, China, Russia, Canada, and the Middle East.
Avanti Feeds Ltd. is a manufacturer of shrimp feed, which engages in production and exports shrimp. The company is headquartered in Hyderabad, Telangana and currently employs 1,162 full-time employees. Its segments include Shrimp Feed, Processed Shrimp, Power, and Shrimp Hatchery. The shrimp feed is manufactured and marketed to the farmers, which is used in aqua culture to grow shrimp. The shrimps are purchased from the farmers and are further processed and exported to various countries. The company has installed over four mills of over 3.2 megawatts capacity at Chitradurga, Karnataka. The Power generated from windmills is sold to Bangalore Electricity Supply Company Limited (BESCOM) under power purchase agreement. The company has five shrimp feed manufacturing, two shrimp processing, a hatchery to produce shrimp larvae and a shrimp culture farm. Its products include raw shrimp, cooked shrimp, and value-added shrimp. Its value-added shrimps include marinated products, breaded products, skewers, and shrimp rings. The company provides its products to various market, such as Europe, Japan, Korea, China, Russia, Canada, and the Middle East.
Revenue: Consolidated gross income in Q3 FY'26 was INR 1,447 crores, down 12.8% QoQ but up 3.0% YoY.
Profitability: Q3 PBT was INR 222 crores (down slightly QoQ, up ~20.7% YoY); 9M PBT improved to INR 698 crores from INR 526 crores a year ago.
Feed volumes: Feed sales fell to 118,127 MT in Q3 from 154,644 MT in Q2; management still expects ~555,000 MT of feed sales for FY'26.
Raw material risk: Fishmeal and soybean meal prices rose sharply in Q3 (fishmeal 117/kg in Q3; present purchase price 145/kg), and management warns these will pressure Q4 margins; company now guides FY'26 PBT margin ~14.5%–15%.
Processing recovery: Frozen division saw stronger realizations and FX benefits: Q3 gross income INR 455 crores and PBT INR 52 crores, with 9M exports and realizations materially higher versus prior year.
Trade & policy: Major trade developments — U.S. IEEPA-based tariffs were invalidated; replaced by a temporary global surcharge (initially 10%, raised to 15%) and India reinstated 15% customs duty on imported shrimp feed — both materially affect competitiveness and margins.
Pet-care: Avant Furst trading continues to scale (Q3 sales INR 136.2 lakhs); land bought near Hyderabad for a future manufacturing facility, but production capex/timeline not yet finalized.
