Avanti Feeds Q4 FY26: FY PBT up 20%, but Q4 margins hit by raw material surge

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AVANTIFEED · price

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Price reaction · full curve 14 horizons · vs prior close

-4.3%1-day move

₹1034.10

prior close

₹1044.00

base price

After-mkt

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-3.3-3.1-2.7-3.4-4.3-5.2-6.5-7.6-4.5-7.1-11.9+0.4——

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AI summary

FY26 consolidated revenue rose 8.9% to ₹6,279 cr, PBT up ~20% to ₹882 cr. Q4 PBT fell 12.8% YoY to ₹184 cr as feed division margins were hit by surging raw material costs (fish meal doubled to ₹240/kg, soya meal up 45%). Feed division PBT dropped 28% YoY. Shrimp processing PBT surged 107% to ₹178 cr. Company plans a feed price hike, targets ~5.8 lakh MT feed sales and 19,000 MT exports in FY27. Expects USD 15-20 mn US tariff refund. Pet care growing steadily; new plant under planning.

Likely market impact

Mixed: full-year profit strong but Q4 margins under raw material pressure. Tariff refund and planned price hike offer near-term relief. Watch margin trajectory.