Avanti Feeds Limited filed an investor presentation with BSE and NSE pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, containing unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27).

Quarterly Consolidated Financial Performance

Revenue Performance:

  • Consolidated revenues grew 18.3% YoY to ₹18,998.6 million in Q1FY27 from ₹16,063.6 million in Q1FY26
  • Quarter-over-quarter revenue increased 29.4% from ₹14,677.2 million in Q4FY26

Profitability Metrics:

  • Profit After Tax (PAT) declined 37.4% YoY to ₹1,163.1 million from ₹1,856.8 million in Q1FY26
  • PAT decreased 16.2% quarter-over-quarter from ₹1,388.6 million in Q4FY26
  • Net profit margin contracted 550 basis points YoY to 6.1% from 11.6%
  • Earnings Per Share (EPS) declined 42.1% YoY to ₹7.58 from ₹13.09
  • EBIT declined 36.8% YoY to ₹1,571.5 million from ₹2,485.4 million
  • Operating profits declined 50.6% YoY to ₹1,058.6 million from ₹2,141.3 million

Other Financial Items:

  • Other income increased 29.8% YoY to ₹657.1 million from ₹506.2 million
  • Depreciation decreased 11.0% YoY to ₹144.3 million from ₹162.1 million
  • Interest expenses decreased 8.0% YoY to ₹4.7 million from ₹5.2 million
  • Tax expense decreased 35.9% YoY to ₹403.7 million from ₹629.5 million
  • No exceptional items reported in Q1FY27 (compared to ₹-129.7 million in Q4FY26)

Segment Performance

Shrimp Feed Business:

  • Revenue grew 26.8% YoY to ₹15,661.6 million from ₹12,352.1 million in Q1FY26
  • Quarter-over-quarter revenue increased 50.6% from ₹10,402.2 million in Q4FY26
  • PBT margin stood at 5.3% in Q1FY27, significantly lower than previous periods

Shrimp Processing & Export Business:

  • Revenue declined 10.1% YoY to ₹3,337.1 million from ₹3,711.6 million in Q1FY26
  • Quarter-over-quarter revenue decreased 21.9% from ₹4,275.0 million in Q4FY26
  • Sales volume declined 17% YoY
  • EBITDA margin improved to 16% from 9% in Q1FY26, supported by favorable FX movements and improved average selling price realization

Operational Highlights

Quarterly Operational Metrics (Historical):

The presentation provided detailed quarterly operational data from Q4FY24 through Q1FY27, showing:

  • Shrimp feed revenues ranging from ₹9,442.1 million to ₹15,661.6 million
  • Shrimp processing revenues ranging from ₹2,336.9 million to ₹4,514.9 million
  • Consolidated EBITDA margins ranging from 9.0% to 17.3%

Annual Operational Metrics (FY18-FY26):

  • Shrimp feed production increased from 428,452 MT in FY18 to 567,986 MT in FY26
  • Shrimp processing production increased from 9,105 MT in FY18 to 16,621 MT in FY26
  • Shrimp feed sales increased from 430,314 MT in FY18 to 562,060 MT in FY26
  • Shrimp processing sales increased from 7,857 MT in FY18 to 16,976 MT in FY26
  • Consolidated revenues grew from ₹33,929.0 million in FY18 to ₹60,672.9 million in FY26
  • Consolidated EBITDA margins ranged from 8.0% to 21.5% over the period

Balance Sheet & Key Ratios (as of FY26)

  • Share capital: ₹136 million (unchanged from previous years)
  • Reserves and surplus: ₹36,944 million
  • Total equity and liabilities: ₹42,604 million
  • Non-current assets: ₹14,275 million
  • Current assets: ₹28,329 million
  • Return on Capital Employed (RoCE): 22.3%
  • Return on Equity (RoE): 19.09%
  • Net debt to equity: 0.01x
  • Interest coverage ratio: 320x
  • Inventory days: 76 days
  • Receivables days: 8 days
  • Payable days: 19 days

Stock Information

  • Market capitalization: Approximately ₹117 billion (as of August 19, 2026)
  • Shares outstanding: 136 million (as of June 30, 2026)

Management Commentary

The management attributed the revenue growth primarily to strong volume growth in the shrimp feed business. The decline in profitability was impacted by elevated raw material prices. The shrimp processing segment showed margin improvement despite volume decline, supported by favorable foreign exchange movements and improved realizations.