Avanti Feeds Limited has informed the Exchange about Transcript
AVANTIFEED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Avanti Feeds shared its Q3 FY26 earnings call transcript. Consolidated gross income was ₹1,447 crores (down 12.8% QoQ) with PBT of ₹222 crores (up 20.7% YoY); 9M FY26 consolidated PBT grew 32.7% to ₹698 crores. The standalone feed division saw volumes drop to 1,18,127 MT in Q3 due to off-season, with management guiding FY26 feed sales at ~5,55,000 MT and expecting minimum 10% growth in the upcoming season. The shrimp processing/export division posted strong YoY growth with PBT rising to ₹52 crores from ₹18 crores, aided by better realisations, favourable forex, and lower ocean freight. Management guided FY26 PBT margin at 14.5–15% (down from 16% in 9M) due to steep rises in fish meal (₹117/kg) and soya bean meal (₹44/kg) prices. The new pet food business (Avant Furst) grew sequentially to ₹136.2 lakhs in Q3, with own manufacturing facility near Hyderabad expected in 14–15 months.
Rising raw material costs are pressuring feed margins in the near term, but easing US reciprocal tariffs, reinstatement of 15% customs duty on imported shrimp feed, and strong shrimp processing growth are positive. Investors should track Q4 raw material trends and pet food capex disclosures over the next 1–2 quarters.