Q1 2027 Avanti Feeds Ltd Earnings Call Transcript
Key Points
- Consolidated gross income increased 19% YoY to INR1,966 crores in Q1 FY27, driven by strong feed sales volume growth of 17%.
- Feed sales volume rose to 193,852 MT in Q1 FY27, up from 165,564 MT in Q1 FY26, reflecting robust demand.
- Shrimp processing division PBT increased significantly to INR45 crores in Q1 FY27 from INR25 crores in Q1 FY26, aided by improved realizations and operational efficiency.
- Pet care segment continues to grow, with sales up to INR180 lakhs in Q1 FY27 from INR151 lakhs in Q4 FY26, and expansion into new markets and e-commerce platforms.
- Management expects raw material prices to stabilize with favorable monsoon and fresh crop arrivals, potentially easing margin pressure in coming months.
- Consolidated PBT declined 37% YoY to INR157 crores in Q1 FY27, impacted by steep increases in raw material costs.
- Feed division PBT margin fell to 7.06% in Q1 FY27 from 17% in Q1 FY26, due to higher fish meal and soybean meal prices.
- Fish meal prices surged to INR153/kg in Q1 FY27 from INR93/kg in Q1 FY26, and soybean meal rose to INR58/kg from INR40/kg, squeezing profitability.
- Shrimp processing export volumes decreased 16% YoY in Q1 FY27, reflecting weaker global demand and tariff uncertainties.
- US reciprocal tariff refunds remain pending as entries are under ADD/CVD review, delaying potential cash inflows.
The call has started now. We are handing over the proceedings to the management of the company.
Good evening, ladies and gentlemen. I'm pleased to extend a warm welcome to all of you for this investor conference call of Avanti Feeds Limited to review the unaudited consolidated and stand-alone financial results for Q1 FY27.
Shri A. Nikhilesh, Executive Director, Avanti Frozen Foods Private Limited, has joined from the processing plant. And along with me here are Mr. C. Ramachandra Rao, Joint Managing Director and Company Secretary of Avanti Feeds Limited; Shri A. Venkata Sanjeev, Executive Director of Avanti Feeds Limited; Mr. DVS Satyanarayana, CFO of Avanti Frozen Foods Private Limited; and Mr. K. Srinivas Reddy, CFO of Avanti Petcare Private Limited.
To begin with, I will present highlights of financial results for the quarter ended June 30, 2026, of Shrimp Feed division and also consolidated financials of the company for the same period. Thereafter, Mr. D. V. S. Satyanarayana will
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