AVANTI FEEDS LIMITED

Avanti Feeds Limited reported unaudited financial results for Q1 FY27, showing a 30% increase in consolidated gross income to INR 1,966 crores compared to Q4 FY26, driven by higher feed sales and shrimp processing. However, PBT declined by 15% year-over-year to INR 157 crores due to rising raw material costs, particularly fish meal and soybean meal. The Feed division saw a 51% increase in gross income to INR 1,615 crores, but PBT fell by 45% to INR 114 crores. Shrimp Processing and Export Division's gross income dropped 22% to INR 350 crores in Q1 FY27, though PBT improved slightly due to better operational efficiency and foreign exchange gains. The PetCare project under Avant Furst reported INR 180 lakh in Q1 FY27 sales, with plans to expand product variants and market presence. Management highlighted challenges from rising feed costs, global economic pressures, and the need for policy support to stabilize raw material prices. A 10% feed price increase was implemented in June 2026, with ongoing efforts to balance affordability for farmers and sustainability for the industry. The U.S. reciprocal tax refund remains pending, with no processing until the suspension of tariffs is lifted.

The document highlights both growth in revenue and operational challenges, including rising costs and external uncertainties.