Avanti Feeds Ltd-$ — earnings calls

Avanti Feeds reported consolidated gross income of INR 1,966 crores in Q1 FY27, up 30% sequentially and 19% year-on-year, while consolidated PBT fell to INR 157 crores, down 15% sequentially and 37% year-on-year. Management attributed the profitability decline mainly to a sharp rise in raw material costs, particularly fish meal and soya bean meal, in the Feed division. The Shrimp Processing and Export division and the PetCare project were also discussed, with the latter continuing to build out its manufacturing facility near Hyderabad pending regulatory approval.

Avanti Feeds reported consolidated gross income of Rs 1,515 crores in Q4 FY26, up from Rs 1,447 crores in Q3 FY26, while consolidated PBT declined to Rs 184 crores from Rs 222 crores on higher raw material costs. For the full year FY26, gross income rose to Rs 6,279 crores from Rs 5,766 crores in FY25 and PBT increased to Rs 882 crores from Rs 737 crores. Management described a steep rise in fish meal and soya bean meal prices in the two months preceding the call and said the company was preparing a feed price increase to offset the higher input costs.