Avanti Feeds Limited reported a 20% year-on-year increase in consolidated profit before tax (PBT) to INR 882 crores for the financial year ended March 31, 2026, driven by strong performance in its Shrimp Processing and Export division. Consolidated gross income for FY26 grew by 8.9% to INR 6,279 crores. For the fourth quarter, consolidated gross income stood at INR 1,515 crores, while PBT declined by 12.8% to INR 184 crores due to rising raw material costs.

Financial Performance

The Shrimp Feed division recorded a gross income of INR 4,538 crores for FY26, with PBT increasing to INR 715 crores from INR 658 crores in the previous year. Feed sales volume reached 5,62,060 MT. In Q4 FY26, the division reported a gross income of INR 1,068 crores, but PBT fell by 28% year-on-year to INR 139 crores, impacted by a 5,986 MT decrease in quantity sold and higher input costs.

The Shrimp Processing and Export division delivered robust growth, with gross income surging 43% to INR 1,741 crore and PBT more than doubling to INR 178 crore in FY26. In Q4 FY26, the division's gross income rose 22% to INR 446 crores, and PBT jumped to INR 48 crores from INR 18 crores in the same period last year, aided by improved price realization and favourable foreign exchange rates.

The following table summarises key financial metrics for FY26 against the prior year:

FY27 Outlook and Growth Targets

Management has set a feed sales target of 5.8 lakh MT for FY27 and expects export volumes to grow by 10–12%. The outlook is tempered by steep increases in raw material prices, with fish meal prices doubling to INR 240 per kg and soya bean meal rising approximately 45% to INR 72 per kg in recent months. The company plans to increase feed prices to mitigate these cost pressures.

Operational Updates

The Pet Care segment, under the Avant Furst brand, recorded sales of INR 151 lakhs in Q4 FY26. The company is expanding its distribution network and plans to introduce new product variants. Land acquisition for a new manufacturing facility near Hyderabad is complete, with construction set to begin upon necessary approvals.

Regarding the U.S. market, the company noted that reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were invalidated. Avanti Frozen Foods Private Limited, the importer of record, expects refunds of approximately USD 15–20 million for duties collected under IEEPA.

Avanti Feeds has approved an investment of Euro 4,00,000 in its wholly owned subsidiary, Sealuxe B.V., Netherlands. The Board of Directors sanctioned the subscription to share capital during its meeting on June 11, 2026. This strategic move involves the allocation of funds to the Dutch entity to support its operations.

Investment Details

The approved investment amount of Euro 4,00,000 will be directed towards Sealuxe B.V. as a subscription to its share capital. The transaction underscores the company's commitment to its international subsidiary.

Board Meeting Proceedings

The board meeting commenced at 4:10 P.M (IST) and concluded at 4:45 P.M (IST). The decision was taken in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. C. Ramachandra Rao, Joint Managing Director, Company Secretary & Compliance Officer, authorized the disclosure.