Avanti Feeds reported a sharp decline in quarterly profitability for the first quarter of FY26, with consolidated net profit falling to ₹116.3 crore compared to ₹185.7 crore in the same period last year. Despite this drop in bottom-line earnings, the company’s top-line performance showed growth, with revenue increasing to ₹1,899.9 crore from ₹1,605.7 crore year-on-year.

The divergence between revenue growth and profit contraction was driven by a significant compression in operating margins. EBITDA stood at ₹105.1 crore for the quarter, down from ₹214.2 crore in the prior year period. Consequently, the EBITDA margin contracted to 5.57% from 13.33% recorded in the corresponding quarter of the previous fiscal year.

Segment Performance

The Shrimp and other Feeds segment, the company’s core business, saw revenue rise 26.8% YoY to ₹1,561.7 crore. However, the segment result dropped significantly to ₹65.3 crore from ₹182.2 crore in Q1FY25, indicating severe margin pressure in the feed business. The Processed Shrimp segment revenue declined 10.1% YoY to ₹333.7 crore, while its segment result improved to ₹29.5 crore from ₹18.3 crore.

What the Numbers Show

The data reveals a distinct divergence between volume/revenue expansion and operational efficiency. While Avanti Feeds managed to grow its revenue base by approximately 18%, its ability to convert that revenue into operating profit deteriorated markedly. The EBITDA margin halved, dropping by nearly 8 percentage points. This suggests that while sales volumes or prices may have supported higher turnover, input costs or other operating expenses likely rose disproportionately, eroding the core profitability of the feed business.

Financial Highlights

The Board of Directors approved the unaudited financial results at its meeting held on August 13, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Tukaram & Co LLP.

Avanti Feeds Limited has fixed Friday, August 07, 2026, as the record date for determining shareholder eligibility for the final dividend of ₹10 per equity share for the financial year ended March 31, 2026. The Board of Directors recommended this dividend subject to approval at the company’s 33rd Annual General Meeting (AGM), scheduled for August 14, 2026. This confirmation provides clarity on the entitlement timeline for investors ahead of the voting process.

Record Date and Regulatory Compliance

The company issued an intimation to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on July 27, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The record date determines which shareholders are entitled to receive the dividend payment. C. Ramachandra Rao, Joint Managing Director, Company Secretary & Compliance Officer, signed the disclosure. Shareholders holding shares in dematerialized form must ensure their bank details are updated with their depository participants, while physical shareholders must update details with KFin Technologies Limited.

AGM Schedule and Voting Details

The 33rd AGM will be held via video conferencing on August 14, 2026, at 11:00 AM IST. The Register of Members and Share Transfer Books will remain closed from Saturday, August 08, 2026, to Friday, August 14, 2026. Remote e-voting will be available from Tuesday, August 11, 2026, at 9:00 AM IST to Thursday, August 13, 2026, at 5:00 PM IST. KFin Technologies Limited serves as the Registrar and Transfer Agent facilitating the e-voting process. Mr. V. Bhaskara Rao, Practicing Company Secretary, has been appointed as the Scrutinizer to ensure a fair and transparent voting process.

Dividend Payment and Taxation

If approved by shareholders, the dividend will be paid electronically within the stipulated regulatory timeline. The Notice of the 33rd AGM and the Annual Report for FY26 were dispatched to shareholders on July 22, 2026, and are available on the company’s website. Investors should note that dividend income is taxable in the hands of shareholders, and tax at source will be deducted as per applicable rates.