Document Type

Business Portfolio and Financial Highlights Presentation

Business Segment Overview

Venky's operates a well-balanced business portfolio across three segments:

Poultry and Poultry Products Segment (~50% Revenue Share)

  • Products include Broiler/Layer Day old chicks, commercial broilers, processed chicken, poultry feed, and Ready-to-eat and pre-cooked culinary products
  • Venky's is the 4th largest SPF egg producer globally and the only company in Asia in this segment
  • Driving operational efficiency through FCR (Feed Conversion Ratio) improvements to cushion against volatile maize and soya costs
  • Segment margins track feed costs: 20%+ margins when maize under ₹15/kg (FY18, FY21), 5% or below when maize above ₹21/kg (FY20, FY23-FY26)
  • H1 FY27 saw soya prices up 57% YoY, making FCR gains critical

Animal Health Products (AHP) Segment (~10% Revenue Share)

  • Acts as pharmacy for VH group and Indian poultry sector
  • Products include avian medicines, nutritional powders, liquid health products, and SPF eggs
  • Focus on therapeutic solutions, nutritional supplements and innovative phytogenic solutions

Oilseeds Segment (~40% Revenue Share)

  • Integral to Venky's vertical integration strategy
  • Processes raw soya seeds to generate refined edible oil for market sale and protein-rich De-oiled Cake (DOC) for poultry feed operations
  • Provides supply chain immunity against speculative pricing spikes and assured quality raw material

Manufacturing Presence

The company has manufacturing facilities across 11 Indian states:

  • Bihar: 2 facilities (Note: R indicates rented)
  • Gujarat: 4 facilities (2 owned, 2 rented)
  • Haryana: 21 facilities (8 owned, 4 owned, 3 owned, 6 owned)
  • Himachal Pradesh: 5 facilities (1 owned, 2 owned, 2 rented)
  • J&K: 1 facility
  • Madhya Pradesh: 4 facilities (1 owned, 3 rented)
  • Maharashtra: 19 facilities (5 owned, 1 owned, 2 owned, 3 owned, 2 owned, 1 owned, 3 owned, 2 owned)
  • Punjab: 18 facilities (2 owned, 13 owned, 1 owned, 2 owned)
  • Rajasthan: 6 facilities (all owned)
  • Uttar Pradesh: 9 facilities (4 owned, 2 owned, 1 owned, 2 owned)
  • Uttarakhand: 5 facilities (2 owned, 1 owned, 2 rented)

Majority of farms, hatcheries and feed mills are located on company-owned lands with only few rented. All commercial farms are under Contract Broiler Farming only.

Strategic Capex: Kesurdi Manufacturing Unit

  • New state-of-art specialized manufacturing unit for Animal Health Products segment
  • Commenced commercial production in March 2024
  • Total project investment: approximately ₹67 Crores
  • Self-funded expansion using entirely internal accruals
  • Maintained the segment's zero-term-debt status
  • Designed to meet stringent new drug authority guidelines
  • Capacity doubling: built to double the segment's current production capacity
  • Currently operating at approximately 40% capacity
  • Full utilization anticipated over 4 to 5 years horizon
  • Management expects additional 15% to 20% volume growth
  • Dedicated to specialized poultry "treatment segment" with high margin focus

5 Years Financial Highlights (Rupees in Lakhs)

Operating Results

| Year | Turnover & Other Income | Material Cost | Personnel Cost | Interest | Other Expenses | Depreciation | Profit Before Tax | Profit After Tax | Dividend (Rs. per Share) |

| FY26 | 377,493 | 260,140 | 25,927 | 1,704 | 67,456 | 3,710 | 18,555 | 13,925 | 10.00 |

| FY25 | 335,117 | 226,152 | 29,005 | 1,634 | 58,383 | 3,672 | 16,271 | 11,662 | 10.00 |

| FY24 | 377,739 | 282,179 | 27,387 | 1,818 | 51,912 | 3,500 | 10,942 | 7,907 | 7.00 |

| FY23 | 427,136 | 335,978 | 23,072 | 1,848 | 53,151 | 3,546 | 9,530 | 7,048 | 6.00 |

| FY22 | 443,658 | 341,660 | 23,072 | 1,758 | 50,790 | 3,657 | 22,650 | 16,478 | 13.00 |

Financial Summary

| Year | Assets Employed | Current Assets | Current Liabilities | Net Current Assets | Net Fixed Assets | Investments | Other Non Current Assets | Total Assets |

| FY26 | 120,495 | 63,860 | 56,635 | 65,497 | 21,334 | 23,540 | 167,006 |

| FY25 | 122,094 | 53,054 | 69,040 | 65,281 | 12,157 | 7,501 | 153,979 |

| FY24 | 120,832 | 66,591 | 54,240 | 64,562 | 10,509 | 13,473 | 142,784 |

| FY23 | 125,181 | 66,449 | 58,732 | 62,595 | 9,033 | 4,680 | 135,039 |

| FY22 | 120,587 | 64,138 | 56,449 | 61,773 | 6,980 | 5,387 | 130,589 |

Financing Structure

| Year | Equity Share Capital | Reserves | Secured Loans | Unsecured Loans | Total Debt | Net Worth | Net Working Capital | Current Ratio | Debt Equity Ratio |

| FY26 | 1,409 | 158,200 | 46 | 6,401 | 162.77 Crores | 98.85 | 1,133.00 | 0.10 |

| FY25 | 1,409 | 146,149 | 51 | 6,371 | 167.51 Crores | 82.78 | 1,047.45 | 0.1 |

| FY24 | 1,409 | 135,615 | 56 | 5,704 | 165.14 Crores | 56.13 | 927.67 | 0.12 |

| FY23 | 1,409 | 128,462 | 61 | 5,107 | 185.49 Crores | 50.03 | 921.90 | 0.14 |

| FY22 | 1,409 | 123,546 | 66 | 5,093 | Not specified | 116.97 | 887.00 | 0.15 |

Borrowing Position (Amount in Rs. Crores)

  • As on 31.03.2023: ₹185.49
  • As on 31.03.2024: ₹167.51
  • As on 31.03.2025: ₹165.14
  • As on 31.03.2026: ₹162.77 (including ₹9.50 in specific category)

Shareholding Pattern as on 30.09.2026

  • Promoters and Promoter Group: 79,03,966 shares (56.11%)
  • Mutual Funds: 693 shares (0.01%)
  • Foreign Portfolio Investors: 2,83,893 shares (2.02%)
  • Financial Institutions / Banks: 132 shares (0.00%)
  • Body Corporate: 537,913 shares (3.82%)
  • Non Resident Indian: 1,81,438 shares (1.29%)
  • Other - Public: 51,79,301 shares (36.75%)