Avanti Feeds Limited (AVANTIFEED) — Announcement

📢 Key Event
Q4 FY26 results show revenue growth but declining PAT, with export momentum and cost pressures in focus

🔄 What Changed
PAT declined 12.8% YoY despite 20% PAT growth for full year, driven by rising feed costs and seasonal export constraints

🔮 What's Next
Targeting 19,000 MT shrimp exports in FY27 (10-12% growth), expanding pet care to 800 MT by year-end, and implementing feed price hikes within 1-2 weeks

💡 Investor Takeaway
Shareholders should note PAT pressure from input costs is offset by export growth and strategic expansion into higher-margin pet care and value-added products.

⚠️ Risks
Raw material cost inflation (fish meal and soybean meal prices surged due to Gulf War, El Nino, and government MSP hikes) poses near-term margin pressure, with no immediate capacity expansion planned despite underutilized capacity.

Avanti Feeds reported Q4 FY26 consolidated revenue of [amount context mismatch] crores with 5.86% YoY growth, while consolidated profit after tax fell 12.8% YoY to [amount context mismatch] crores. Full-year revenue reached ₹6279 crores and PAT grew 20% YoY to [amount context mismatch] crores, supported by strong shrimp export growth of 13.16% to 792,647 MT and export value of USD 8.546 billion. The company is implementing feed price hikes to counter rising raw material costs (fish meal up from ₹100 to ₹240/kg), targeting 19,000 MT shrimp exports in FY27 (10-12% growth), and expanding its pet care segment from 100 MT to 800 MT by year-end via Thai imports and future local production. U.S. tariff refunds of USD 15-20 million are being processed, and value-added products are driving margin improvement amid seasonal capacity constraints.

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