Avanti Feeds Limited has informed the Exchange about Transcript
AVANTIFEED · price
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Avanti Feeds filed the transcript of its post-earnings call for Q4 FY25 and full year ended March 31, 2025. FY25 consolidated revenue rose to INR 5,778 crores (vs INR 5,505 crores) and PBT jumped to INR 737 crores (vs INR 537 crores), driven by softer fishmeal and soybean meal prices and better overhead absorption. Q4 FY25 consolidated PBT grew 40% year-on-year to INR 211 crores. The feed division did well with FY25 PBT of INR 659 crores, but the shrimp processing/export division saw PBT fall to INR 86 crores from INR 136 crores due to the US countervailing duty (CVD) of 5.77% and higher ocean freight. Management guided FY26 feed volumes at 5.5–5.6 lakh MT, shrimp exports at ~17,000 MT, and pet care revenue target of INR 10 crores. The company cut feed prices by Rs 3/kg to support farmers after US tariff concerns, which will weigh on Q1 FY26 profitability. The US market share dropped from 83% to ~70%, with active diversification into Japan, EU, Korea, and the Middle East. Pet care brand 'Avant Furst' (cat food launched Jan 2025, dog food planned Aug 2025) is being built via subsidiary with Bluefalo of Thailand, with manufacturing construction targeted to begin September/October 2025.
Shareholders get a mixed picture: record FY25 profits driven by favorable raw material costs, but management is flagging near-term margin pressure from the Rs 3/kg feed price cut and ongoing US tariff headwinds (CVD plus 26% reciprocal tariff). The pet care expansion is still in its early trading stage and won't meaningfully contribute for 2-3 years, so near-term stock performance will hinge on feed division stability and US trade policy developments.