Transcript of Earnings Call held by Venky''s (India) Limited on 15 May, 2026 is attached.
VENKEYS · price
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Venkys India reported substantially improved Q4 FY26 performance driven by robust poultry realizations and better performance across all segments. Commercial broiler volume was 8.69 crore kgs, with layer chicks at 4.57 crore and broiler chicks at 11.46 crore. Q4 realizations were INR102.67/kg for broiler birds and INR51.32 for day-old chicks. Animal Health Products achieved ~INR100 crore revenue with ~29% EBIT margins in Q4, while Oil Seed segment delivered ~5.3% EBIT margins with capacity utilization at 65-70%. Management expects industry-level 7-8% growth in poultry with double-digit growth in Animal Health. Feed costs remain at INR31,658/ton average for FY26 with volatility expected going forward due to crude oil and ethanol demand factors.
The company shows improved operational performance with better realizations, though poultry remains volatile due to feed costs. Strong focus on expanding Animal Health and Oil Seed outside sales to reduce group dependence, with management guiding for sustained margins.