VENKEYS

Venky's (India) share price & financials

Price
₹1,423.5
Market cap
₹2.5k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
3
Latest concall · Q4 FY26 · call held 15 May 2026

Venky's (India) Q4 FY26

Poultry Segment Operating Margin 14% Animal Health EBIT Margin 29% Oil Seed EBIT Margin 5.3% Commercial Broiler Birds Volume ₹8.69 cr −5%

What went well

  • Poultry and poultry products segment delivered robust performance due to improved realization from day-old chicks and grown-up broilers.
  • Animal Health Products segment showed gradual increase in turnover and profitability, with Q4 EBIT margins at almost 29%.
  • Oil Seed segment registered vast improvement compared to previous quarters, with EBIT margins increasing to 5.3%.

What to watch

  • Commercial broiler bird volume reduced by 5.23% YoY to 8.69 crores in FY26.
  • Realization for commercial broiler birds decreased by 0.86% YoY to INR89.59/kg in FY26.
Read the full call →

What Venky's (India) Limited does

Venky's (India) Limited is a diversified poultry-industry company that breeds and sells day-old broiler and layer chicks and grown broiler birds, alongside manufacturing veterinary animal health products and processing oilseeds (soya). Its poultry business spans hatching, breeding and rearing of birds sold for meat and further breeding, while the Animal Health Products division makes therapeutic and other veterinary products distributed through its own channels. The Oil Seed division crushes/processes oilseed, selling output both to group poultry-feed operations and to outside customers. Management describes the business as roughly balanced, with poultry contributing about half of scale and Animal Health plus Oil Seed making up the rest.

Segments

  • Poultry and Poultry Products
  • Animal Health Products
  • Oil Seed
Reporting segments
Poultry & Poultry Products, Animal Health Products, Oil Seed
Commercial broiler birds sold (FY26)
8.69 crore birds
Broiler chicks sold (FY26)
11.46 crore chicks
Layer chicks sold (FY26)
4.57 crore chicks
Animal Health manufacturing
New therapeutic manufacturing unit commissioned; distribution channels expanded
Founded 1976Headquarters Pune, Maharashtra, India Company website

Guidance record · Q4 FY26

what the last two calls moved 11 tracked 1 delivered 5 missed 5 open
  • Poultry Segment Operating Profitability delivered said Q2 FY26 Promised: Cover up the losses and make money in H2 FY26 Q4 FY26: Management confirmed that performance in Q3 and Q4 compensated for losses in H1. The poultry segment delivered a robust operating margin of nearly 14% in Q4 FY26, fulfilling the promise to return to profitability in H2.
  • AHP Segment Revenue Growth missed said Q4 FY25 Promised: 15% top line growth for FY26 (implied target ~INR 390 crores based on INR 339 cr FY25 base) Q4 FY26: The FY26 period has concluded. The revised target was INR 370-380 crores. The company did not confirm achieving this target, and the provided financial data shows a turnover of only INR 100 crores for the segment in FY26, representing a significant miss.
  • Poultry Segment Growth open said Q4 FY26 Promised: 7% to 8% growth in FY27 Q4 FY26: Management expects to grow in line with the industry at 7-8% for FY27.

All 11 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 29.1%, net profit up 212.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue774 882 843 866 801 +3%960 +9%1,100 +30%1,118 +29%
EBITDA14 29 25 24 -31 −321%70 +141%130 +420%69 +188%
Net profit8 20 13 16 -27 −437%49 +145%101 +677%50 +213%
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 +17.9% 1Y

₹1.2k₹1.4k₹1.6k₹1.8kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 10 Nov 2025Q4 FY26 — 15 May 2026

1Y: ₹1,516.2 on 10 Sept 2025 → ₹1,787.2. High ₹1,787.2 (11 Sept 2026), low ₹1,170.8 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
+2.3%
15 May
Q2 FY26
−2.3%
10 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 4.2% a year over 3 years, FY23 to FY26. Operating margin widened to 5.2%.

Year endingFY23FY24FY25FY26
Revenue₹4.2k Cr₹3.7k Cr₹3.3k Cr₹3.7k Cr
Operating profit₹111 Cr₹124 Cr₹171 Cr₹193 Cr
Operating margin2.6%3.3%5.2%5.2%
Interest₹18 Cr₹19 Cr₹16 Cr₹16 Cr
Depreciation₹36 Cr₹36 Cr₹37 Cr₹36 Cr
Net profit₹70 Cr₹79 Cr₹116 Cr₹139 Cr
Net margin1.7%2.1%3.5%3.7%
Cash from operations₹86 Cr₹82 Cr₹66 Cr₹191 Cr
Free cash flow₹44 Cr₹32 Cr₹21 Cr₹151 Cr
ROCE8.0%8.0%11.0%12.0%
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₹1.1k Cr₹1.2k Cr₹1.3k Cr₹1.4k Cr₹1.4k Cr₹1.6k Cr
Borrowings₹186 Cr₹199 Cr₹191 Cr₹172 Cr₹181 Cr₹167 Cr
Other liabilities₹499 Cr₹499 Cr₹526 Cr₹552 Cr₹476 Cr₹546 Cr
Total liabilities₹1.8k Cr₹1.9k Cr₹2.0k Cr₹2.1k Cr₹2.1k Cr₹2.3k Cr
Fixed assets₹618 Cr₹603 Cr₹592 Cr₹618 Cr₹636 Cr₹646 Cr
Capital work in progress₹10 Cr₹14 Cr₹34 Cr₹28 Cr₹21 Cr₹9 Cr
Investments₹45 Cr₹70 Cr₹90 Cr₹105 Cr₹107 Cr₹213 Cr
Other assets₹1.1k Cr₹1.3k Cr₹1.3k Cr₹1.3k Cr₹1.3k Cr₹1.4k Cr
Total assets₹1.8k Cr₹1.9k Cr₹2.0k Cr₹2.1k Cr₹2.1k Cr₹2.3k 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, the public added +0.10 pp. The shareholder count shrank 4% to 52,179.

Promoters
56.1%
FIIs
1.3%
DIIs
0.1%
Public
42.5%

Since Jun 2025

  • Public +0.10 pp
  • FIIs −0.07 pp
  • DIIs −0.03 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 56.1%, FIIs 1.0%, DIIs 0.0%, Public 42.9%.Dec '23: Promoters 56.1%, FIIs 1.1%, DIIs 0.1%, Public 42.7%.Mar '24: Promoters 56.1%, FIIs 1.3%, DIIs 0.2%, Public 42.4%.Jun '24: Promoters 56.1%, FIIs 1.4%, DIIs 0.2%, Public 42.3%.Sep '24: Promoters 56.1%, FIIs 1.9%, DIIs 0.2%, Public 41.8%.Dec '24: Promoters 56.1%, FIIs 1.3%, DIIs 0.3%, Public 42.3%.Mar '25: Promoters 56.1%, FIIs 1.4%, DIIs 0.1%, Public 42.4%.Jun '25: Promoters 56.1%, FIIs 1.3%, DIIs 0.2%, Public 42.4%.Sep '25: Promoters 56.1%, FIIs 1.3%, DIIs 0.1%, Public 42.4%.Dec '25: Promoters 56.1%, FIIs 1.4%, DIIs 0.1%, Public 42.3%.Mar '26: Promoters 56.1%, FIIs 1.1%, DIIs 0.1%, Public 42.6%.Jun '26: Promoters 56.1%, FIIs 1.3%, DIIs 0.1%, Public 42.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Venky's (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Venkateshwara Hatcheries Pvt Limited 51.61%unchanged
Anuradha Jitendra Desai 3.43%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 2.37%unchanged
Byna Murali 1.03%unchanged
Tasha Enterprises Llp 1.01%−0.68 pp
Banda Venkatesh Rao 0.47%unchanged
Desai Vimal Moreshwar 0.35%unchanged
Jitendra Moreshwar Desai 0.21%unchanged
Banda Balaji Rao 0.03%unchanged
Srivenk Investments And Finance Private Limited 0.00%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.

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse Venky's (India) Limited

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