Key takeaway: The investor presentation for Avanti Feeds Limited's Q1 FY2027 results highlights a 18.3% year-over-year (YoY) increase in consolidated revenues to INR 18,999 million, driven by strong volume growth in the shrimp feed business. However, EBITDA declined by 36.8% YoY to INR 1,571.5 million, primarily due to elevated raw material prices. Profit after tax (PAT) dropped by 37.2% YoY to INR 1,163.1 million, with margins at 6.1%. The shrimp feed segment saw a 26.8% YoY revenue increase to INR 15,661 million but faced a 50.6% YoY decline in operating profits due to rising costs. The shrimp processing segment experienced a 10.1% YoY revenue decline to INR 3,337 million, though EBITDA margins improved to 16% from 9% in Q1 FY26, supported by favorable foreign exchange movements and higher average selling prices. Operational data shows production and sales volumes for shrimp feed increased in Q1 FY27 compared to prior periods, but financial metrics like PAT and EBITDA margins deteriorated. The balance sheet indicates a rise in reserves and surplus, while key ratios such as RoCE and RoE improved in FY26. The presentation includes disclaimers about forward-looking statements and risks, including economic performance and market uncertainties.

Key takeaway: Avanti Feeds Limited held an earnings call on June 12, 2026, to discuss its financial results for the quarter and year ended March 31, 2026. Management reported a consolidated gross income of INR 1,515 crores for Q4 FY26, up 4.77% from the previous quarter and 5.86% year-over-year. However, profit before tax (PBT) decreased to INR 184 crores, down 17.12% from Q3 FY26 and 12.8% from Q4 FY25. For FY26, the company achieved a gross income of INR 6,279 crores, an 8.9% increase from FY25, with PBT rising 20% to INR 882 crores. The Feed division's Q4 FY26 gross income was INR 1,068 crores, with a PBT of INR 139 crores, reflecting challenges from rising raw material costs. The Shrimp Processing and Export Division saw a 22% year-over-year increase in gross income for Q4 FY26. Management highlighted ongoing efforts to stabilize feed prices amid rising raw material costs and expressed confidence in the shrimp export market despite challenges.

Key takeaway: Avanti Feeds Limited held its Q3 FY26 earnings conference call on March 3, 2026, to discuss its financial results for the quarter and nine months ended December 31, 2025. Management reported a consolidated gross income of INR 1,447 crores for Q3 FY26, a decrease from INR 1,659 crores in Q2 FY26 but an increase from INR 1,405 crores in Q3 FY25. The profit before tax (PBT) for Q3 FY26 was INR 222 crores, down from INR 227 crores in Q2 FY26 but up from INR 184 crores in Q3 FY25. For the nine-month period, gross income rose to INR 4,761 crores, and PBT increased to INR 698 crores. The management highlighted challenges from rising raw material costs, particularly fish meal and soya bean meal, impacting profitability. The company also discussed its pet food project, which is gaining traction, and plans for market expansion. Overall, management noted a mix of favorable and challenging conditions in the aquaculture industry.