Avanti Feeds reported an 18.3% year-over-year increase in consolidated revenue for the first quarter of fiscal 2027, rising to ₹18.99 billion from ₹16.06 billion in the same period last year. The growth was driven by a 26.8% surge in the shrimp feed division, which generated ₹15.66 billion in revenue. However, profitability weakened significantly, with EBITDA declining 35% to ₹1.72 billion and the EBITDA margin contracting to 9.0%, down 750 basis points from 16.5% in Q1 FY26.
Net profit fell 37% to ₹1.16 billion, compressing the profit-after-tax margin to 5.9%, a 530-basis-point decline from the prior-year period. Earnings per share dropped 42% to ₹7.58 from ₹13.09. The company attributed the margin squeeze to rising costs of key raw materials, including fish meal and soya bean meal, which offset revenue gains.
The shrimp feed segment, which accounts for the bulk of revenue, saw sales volume reach 193,852 metric tons, up from 152,400 metric tons in Q1 FY26. Production totaled 176,316 metric tons, while profit before tax fell to ₹1.11 billion from ₹2.24 billion year-over-year. The shrimp processing and export division reported revenue of ₹3.34 billion, a 10% decline, but improved its EBITDA margin to 16.0% from 9.0% in the prior-year quarter.
Geographic revenue distribution shifted, with North America’s share of processed shrimp sales declining to 62.6% from 78.0% in Q1 FY26, while Asia’s share rose to 20.6% from 9.5% and Europe emerged as a 16.3% contributor. The company implemented a 10% price increase for feed products on June 19, 2026, to help offset cost pressures.
Avanti Feeds’ shares, trading at ₹840, remain well below their 52-week high of ₹1,593.80 reached in August 2025. The company’s market capitalization stands at approximately ₹117 billion, based on 136 million shares outstanding. Promoter ownership remains at 43.23%, with domestic institutional investors holding 18.02% and foreign portfolio investors at 7.19% as of June 30, 2026.
Looking ahead, management guided for total feed sales of approximately 585,000 metric tons in FY27, implying 5–6% growth from FY26 levels, and shrimp processing shipments of about 19,000 metric tons, up from 16,976 metric tons in FY26. The company is also expanding its pet food business with a ₹175 million manufacturing facility near Hyderabad currently under construction.
