AVANTIFEED

Avanti Feeds share price & financials

Price
₹1,024.85
Market cap
₹11.3k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 27 Aug 2026

Avanti Feeds Limited Q1 FY27

Consolidated PBT ₹157 cr −37%

What went well

  • Consolidated gross income increased 30% QoQ to INR 1,966 crores (from INR 1,516 crores in Q4 FY26).
  • Feed division gross income rose 51% QoQ to INR 1,615 crores, driven by a 70,126 MT increase in feed sold.
  • Shrimp Processing PBT increased significantly by 80% YoY to INR 45 crores (from INR 25 crores in Q1 FY26) due to improved selling prices and favorable forex.

What to watch

  • Consolidated PBT decreased 15% QoQ to INR 157 crores (from INR 184 crores in Q4 FY26).
  • Consolidated PBT declined 37% YoY to INR 157 crores (from INR 249 crores in Q1 FY26).
Read the full call →

What Avanti Feeds Limited does

Avanti Feeds manufactures scientifically formulated shrimp feed for aquaculture farmers and, through subsidiary Avanti Frozen Foods Pvt Ltd (AFFPL), processes and exports value-added shrimp products (raw, cooked and peeled/deveined formats) to the USA, Europe, Japan, South Korea, China, Canada and the Middle East. It also runs a hatchery that supplies disease-free shrimp post-larvae (seed) to farmers, operates four windmills in Karnataka that sell power to the Karnataka grid, and has recently diversified into fish feed for inland aquaculture and into pet food (cat food brand Avant Furst) leveraging its existing nutrition R&D and manufacturing base.

Segments

  • Shrimp Feed
  • Shrimp Processing
Shrimp feed production capacity
7,75,000 MT per annum
Feed manufacturing units
5 (ISO- and BAP-certified)
Shrimp processing capacity (AFFPL)
36,000 MT per annum across 3 facilities
Hatchery capacity
600 million post-larvae (PL) per annum
Hatchery location
Gudiwada village, Visakhapatnam district, Andhra Pradesh
Windmill power generation capacity
4 windmills, 3.2 MW total, Karnataka
Headquarters Hyderabad, Telangana, India Company website

Guidance record · Q1 FY27

what the last two calls moved 12 tracked 4 delivered 3 missed 5 open
  • Dog Food Product Launch delivered, diluted said Q3 FY25 Promised: maybe by July 2025 Q1 FY27: Promise was achieved in a prior quarter.
  • FY27 Feed Sales Volume revised up said Q4 FY26 Promised: around 5,80,000 MTs Q1 FY27: Guidance revised up to 5,85,000 MTs for FY27.
  • Pet Food Plant Production Start on track said Q3 FY25 Promised: by end of December '26 Q1 FY27: Application for 'Consent for Establishment' has been submitted to government authorities and approval is underway. Construction to commence upon receipt of approval.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 26.7%, net profit down 49.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,079 1,042 1,032 1,235 1,156 +7%945 −9%1,039 +1%1,565 +27%
EBITDA113 142 166 188 145 +28%134 −6%129 −22%71 −62%
Net profit106 127 144 167 135 +27%129 +2%107 −26%84 −50%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +5.6% 1Y

₹0.6k₹0.8k₹1.0k₹1.2k₹1.4kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 2 Mar 2026Q4 FY26 — 12 Jun 2026Q1 FY27 — 27 Aug 2026

1Y: ₹756.35 on 10 Sept 2025 → ₹798.6. High ₹1,503.4 (20 Apr 2026), low ₹633.55 (29 Sept 2025).

How the price took the results

close before → close after

Q1 FY27
+0.6%
27 Aug
Q4 FY26
+2.5%
12 Jun
Q3 FY26
−6.6%
3 Mar
Q2 FY26
+1.6%
15 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 4.9% a year over 3 years, FY23 to FY26. Operating margin widened to 13.6%.

Year endingFY23FY24FY25FY26
Revenue₹5.1k Cr₹4.3k Cr₹4.4k Cr₹4.4k Cr
Operating profit₹392 Cr₹335 Cr₹555 Cr₹596 Cr
Operating margin7.7%7.8%12.5%13.6%
Interest₹1 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹43 Cr₹32 Cr₹27 Cr₹33 Cr
Net profit₹312 Cr₹309 Cr₹492 Cr₹538 Cr
Net margin6.1%7.2%11.1%12.3%
Cash from operations₹288 Cr₹177 Cr₹464 Cr₹384 Cr
Free cash flow₹180 Cr₹140 Cr₹392 Cr₹342 Cr
ROCE17.0%20.0%29.0%26.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr
Reserves₹1.5k Cr₹1.6k Cr₹1.8k Cr₹2.0k Cr₹3.0k Cr₹2.8k Cr
Borrowings₹1 Cr₹2 Cr₹1 Cr₹1 Cr₹15 Cr₹1 Cr
Other liabilities₹265 Cr₹321 Cr₹300 Cr₹317 Cr₹1.2k Cr₹441 Cr
Total liabilities₹1.8k Cr₹1.9k Cr₹2.1k Cr₹2.3k Cr₹4.2k Cr₹3.2k Cr
Fixed assets₹157 Cr₹148 Cr₹236 Cr₹258 Cr₹591 Cr₹319 Cr
Capital work in progress₹0 Cr₹23 Cr₹20 Cr₹3 Cr₹14 Cr₹0 Cr
Investments₹1.2k Cr₹929 Cr₹909 Cr₹700 Cr₹2.1k Cr₹1.3k Cr
Other assets₹419 Cr₹839 Cr₹899 Cr₹1.3k Cr₹1.5k Cr₹1.6k Cr
Total assets₹1.8k Cr₹1.9k Cr₹2.1k Cr₹2.3k Cr₹4.2k Cr₹3.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +3.35 pp while the public trimmed −2.96 pp. The shareholder count shrank 3% to 1,22,500.

Promoters
43.2%
FIIs
7.2%
DIIs
7.3%
Government
2.7%
Public
39.5%

Since Jun 2025

  • DIIs +3.35 pp
  • Public −2.96 pp
  • FIIs −0.40 pp

How it drifted, 12 quarters

Over this window the public went from 31.7% to 39.5% — +7.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 43.3%, FIIs 13.5%, DIIs 8.8%, Government 2.7%, Public 31.7%.Dec '23: Promoters 43.3%, FIIs 13.5%, DIIs 8.6%, Government 2.7%, Public 31.9%.Mar '24: Promoters 43.3%, FIIs 14.1%, DIIs 7.5%, Government 2.7%, Public 32.4%.Jun '24: Promoters 43.2%, FIIs 14.3%, DIIs 6.4%, Government 2.7%, Public 33.4%.Sep '24: Promoters 43.2%, FIIs 14.4%, DIIs 5.8%, Government 2.7%, Public 33.9%.Dec '24: Promoters 43.2%, FIIs 14.5%, DIIs 5.5%, Government 2.7%, Public 34.1%.Mar '25: Promoters 43.2%, FIIs 6.4%, DIIs 5.1%, Government 2.7%, Public 42.6%.Jun '25: Promoters 43.2%, FIIs 7.6%, DIIs 4.0%, Government 2.7%, Public 42.5%.Sep '25: Promoters 43.2%, FIIs 7.0%, DIIs 4.2%, Government 2.7%, Public 42.9%.Dec '25: Promoters 43.2%, FIIs 8.0%, DIIs 4.2%, Government 2.7%, Public 41.9%.Mar '26: Promoters 43.2%, FIIs 7.6%, DIIs 6.8%, Government 2.7%, Public 39.6%.Jun '26: Promoters 43.2%, FIIs 7.2%, DIIs 7.3%, Government 2.7%, Public 39.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Avanti Feeds Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Srinivasa Cystine Private Limited 26.64%unchanged
Thai Union Group Public Company Limited 24.21%unchanged
Kotak Aggressive Hybrid Fund Mutual fund6.39%+1.31 pp
Indra Kumar Alluri 6.11%unchanged
Alluri Indra Kumar Huf 6.01%unchanged
Sanjeev Agrovet Private Limited 3.11%unchanged
Andhra Pradesh Industrial Development Corporation NBFC / DFI2.72%unchanged
Venkata Sanjeev Alluri 0.52%unchanged
Alluri Nikhilesh Chowdary 0.51%unchanged
Nuthakki Ram Prasad Huf 0.17%unchanged
N Naga Ratna 0.07%unchanged
Jitendra Prasad Katneni 0.03%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in AVANTIFEED

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹39 Cr
1 schemes
Biggest holder
SBI Conservative Hybrid Fund
₹39 Cr · 0.4% of that fund
SchemeHoldingLast month
SBI Conservative Hybrid Fund SBI Mutual Fund₹39 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+62%
vs est. average cost
Held by funds
₹39 Cr
1 schemes · ≈ 0.43% of the company

Shares held by these funds −35%

Aug '23 4.70 L shares Jul '26

What the price assumes

Attractive

To justify its price of ₹799, this stock must grow earnings at 20% every year for 7 years. Our analysis caps realistic growth at ~25%. At that growth it is worth ₹1024 — upside of 28%.

Growth the price implies
19.6% a year
for 7 years, fading to 4%
It has actually compounded at
19.9% a year
net profit, FY23–FY26 · EPS 24.5%
The gap
-0.0 pp
28% downside if it only repeats history
Price today ₹798.6 Value at the reference growth ₹1,023.91

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Avanti Feeds Limited

Guides on how to read this kind of business and the numbers that matter.