Avanti Feeds Ltd (AVANTIFEED)
🎯 Key Takeaways
- Avanti Feeds Ltd is in a growth phase driven by volume expansion in shrimp and petcare segments, supported by strong top-line momentum and improving operational scale. Despite margin pressure from elevated feed costs, the company is leveraging favorable monsoon conditions to anticipate raw material stabilization, positioning for sustained profitability.
- Revenue grew 29.4% QoQ to ₹1,900 in Q1FY27.
- ⚠️ Persistent feed cost inflation, particularly in fish meal and soya bean meal, continues to pressure gross margins despite volume growth, with manageme
📖 The Story
Avanti Feeds Ltd is in a growth phase driven by volume expansion in shrimp and petcare segments, supported by strong top-line momentum and improving operational scale. Despite margin pressure from elevated feed costs, the company is leveraging favorable monsoon conditions to anticipate raw material stabilization, positioning for sustained profitability. Management maintains a disciplined focus on core shrimp farming and power operations, with strategic re-rating of non-core assets.
📰 What's Happening
In Q1 FY27, Avanti Feeds reported a 30% QoQ increase in consolidated gross income to INR1,966 crores, driven by higher feed sales volume, though PBT declined 15% QoQ and 37% YoY to INR157 crores due to rising raw material costs, particularly fish meal and soya bean meal. Management highlighted that shrimp exports reached 7,92,647MT worth USD5,624.48 million in FY25/26, with the US as the top market (33%), and announced plans for a new petcare manufacturing facility pending government approval. The board reaffirmed financial targets and confirmed an unqualified audit report, signaling confidence in execution. Additionally, the company finalized its Q1 FY27 financial results and made the earnings call audio recording publicly available for stakeholder review.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 1,607 | 1,609 | 1,384 | 1,468 | 1,900 |
| Operating Profit | 198 | 178 | 160 | 150 | 91 |
| OPM % | 12.3% | 11.1% | 11.6% | 10.2% | 4.8% |
| Net Profit | 186 | 169 | 163 | 139 | 116 |
| EPS | ₹13.09 | ₹11.25 | ₹12.00 | ₹9.19 | ₹7.58 |
Revenue growth has accelerated, with consolidated gross income rising 30% QoQ to INR1,966 crores in Q1 FY27, up from INR1,609 crores in Q4 FY26 and INR1,900 crores in Q1 FY26, indicating strong demand momentum. However, operating margins have compressed from 12.3% in Q1 FY26 to 4.8% in Q1 FY27, reflecting rising input costs despite volume gains. Net profit trends show a peak in December 2025 (INR163 crores) followed by a decline to INR116 crores in June 2026, aligning with margin pressure. EPS has also moderated from a high of ₹13.09 in June 2025 to ₹7.58 in June 2026, signaling earnings normalization post-peak growth.
🔮 Management Outlook & What's Next
Management expects raw material prices, particularly fish meal and soya bean meal, to stabilize in the coming months due to favorable monsoon conditions, which should alleviate cost pressures and support future margin recovery. Management also projects FY27 feed sales to reach 5,85,000MT, up from previous periods, driven by sustained volume growth in both shrimp and petcare segments. There was no explicit forward guidance on revenue or profitability targets beyond volume estimates, but management emphasized confidence in core segment performance and operational scalability.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 |
| Reserves | 2,502 | 2,787 | 2,997 | 3,272 |
| Borrowings | 16 | 15 | 15 | 10 |
| Total Liabilities | 3,444 | 3,683 | 4,235 | 4,260 |
| Fixed Assets | 549 | 563 | 590 | 592 |
| Investments | 1,291 | 1,100 | 2,111 | 1,262 |
| Total Assets | 3,444 | 3,683 | 4,235 | 4,260 |
The balance sheet reflects a strong equity base of INR14 crores with growing reserves of INR3,272 crores as of March 2026, up from INR2,787 crores in March 2025, indicating retained earnings accumulation. Borrowings remain low and stable at INR10 crores, with no significant increase in debt over the latest periods, suggesting conservative capital structure management. Total assets have risen to INR4,260 crores, up from INR3,683 crores a year ago, driven by operational expansion and asset growth in core segments without over-leveraging.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +505 |
| Investing | -385 |
| Financing | -104 |
| Net Cash Flow | +16 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 43.2% | 43.2% | 43.2% | 43.2% |
| FII | 7.0% | 8.0% | 7.6% | 7.2% |
| DII | 4.2% | 4.2% | 6.8% | 7.3% |
| Public | 15.5% | 14.3% | 12.4% | 12.5% |
| # Shareholders | 1,21,964 | 1,21,432 | 1,16,798 | 1,22,500 |
Institutional investor interest has shown a mixed trend, with FII holdings declining slightly from 7.98% in Q3FY26 to 7.19% in Q1FY27, while DII holdings improved from 4.16% to 7.35% over the same period, indicating growing domestic institutional confidence. Promoter holding remains stable at 43.23% across all quarters, with no signs of dilution. The increase in shareholder count from 1,16,798 to 1,22,500 suggests broadening retail participation, supported by dividend announcements and active AGM engagement.
⚖️ Peer Comparison — FMCG
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| HINDUNILVR | 4.69 L Cr | 31.3 | 29.8% | 30.7% | 0.00 |
| ITC | 3.21 L Cr | 16.2 | 36.0% | 27.8% | 0.03 |
| NESTLEIND | 2.84 L Cr | 74.6 | 99.2% | 73.9% | 0.00 |
| VBL | 1.38 L Cr | 40.8 | 21.5% | 17.4% | 0.10 |
| BRITANNIA | 1.26 L Cr | 48.6 | 54.1% | 51.1% | 0.27 |
| LENSKART | 1.15 L Cr | 173.0 | 11.9% | 7.7% | 0.03 |
| MARICO | 1.08 L Cr | 56.9 | 54.2% | 46.4% | 0.08 |
| TATACONSUM | 1.03 L Cr | 62.9 | 10.2% | 8.0% | 0.10 |
| GODREJCP | 92,399 | 48.3 | 17.8% | 15.1% | 0.33 |
| DABUR | 67,969 | 34.5 | 21.3% | 17.1% | 0.09 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent feed cost inflation, particularly in fish meal and soya bean meal, continues to pressure gross margins despite volume growth, with management-dependent on monsoon conditions for cost stabilization. 2. Shrimp export performance remains concentrated in the US market (33%), exposing the company to geopolitical and trade volatility. 3. The proposed petcare manufacturing facility, while strategic for diversification, is pending government approval, introducing execution risk. 4. Operating margin compression to 4.8% in Q1 FY27 raises concerns about profitability sustainability if cost pressures persist without corresponding price realization.
📋 Recent Filings
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🔴 Announcement 28 August 2026Avanti Feeds reported consolidated gross income of INR1,966 crores for Q1 FY27, up 30% from Q4 FY26 and 19% from Q1 FY26, driven by higher feed sales ...
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🔴 Financial Results 27 August 2026Avanti Feeds announced the audio recording of its August 27, 2026 investor call discussing Q1 FY2027 unaudited financial results, accessible on its we...
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Announcement 26 August 2026Avanti Feeds reported Q1 FY27 consolidated revenues of Rs 18,999 million, up 18.3% YoY, driven by shrimp feed volume growth, but EBITDA fell 36.8% to ...
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🟡 Board Meeting 13 August 2026Avanti Feeds Limited announced the outcome of its August 13, 2026 board meeting, approving unaudited standalone and consolidated financial results for...
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🔴 Corporate Action 27 July 2026Avanti Feeds announced that August 7, 2026, will be the record date for determining shareholders eligible to receive the dividend for the financial ye...
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🔴 Corporate Action 22 July 2026Avanti Feeds announced its 33rd Annual General Meeting will be held on August 14, 2026 via video conference, with a record date of August 7, 2026 for ...
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🔴 annual report 22 July 2026Avanti Feeds Limited announced its 33rd AGM on August 14, 2026, to approve FY2025-26 audited financials, declare a Rs.10/share dividend, and re-appoin...
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Financial Results 25 June 2026Avanti Feeds Limited announced that its trading window will close on July 1, 2026, and remain closed for 48 hours after the unaudited Q1 results for J...
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🔴 Announcement 17 June 2026No summary available
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Announcement 15 June 2026Avanti Feeds reported Q4 FY26 consolidated revenue of **[amount context mismatch] crores** with **5.86% YoY growth**, while consolidated profit after ...
🧠 Analyst's Read
Avanti Feeds is executing a volume-driven growth strategy with improving scale in core segments, but near-term profitability is being challenged by input cost volatility. Investors should monitor raw material price trends and the progress of the petcare facility approval, as these will be critical to sustaining margin recovery and long-term diversification benefits.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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