Avanti Feeds has released its Q3 FY26 financial results through a conference call, providing insights into the company's performance and market outlook. The aquaculture company shared key operational updates and financial projections during the earnings discussion.

Market Demand and Export Performance

The company highlighted improved demand conditions in the shrimp export market during Q3 FY26. This positive development indicates strengthening international market conditions for Indian shrimp exports, which forms a crucial component of Avanti Feeds' business ecosystem as a leading aquaculture feed manufacturer.

Cost Structure Challenges

Avanti Feeds acknowledged the impact of rising raw material costs on its operations during the quarter. The company noted these cost pressures as a significant factor affecting its operational dynamics, reflecting broader inflationary trends in commodity markets that impact feed manufacturing operations.

Financial Projections

Management has projected a profit before tax margin of 14.5-15% for the full fiscal year 2026. This guidance suggests the company's confidence in maintaining healthy profitability levels despite the challenging cost environment.

Business Outlook

The combination of improved export demand and rising input costs presents a mixed scenario for Avanti Feeds. While better shrimp export demand indicates positive market conditions, the company continues to navigate the challenges posed by increased raw material expenses. The projected PBT margin range reflects management's assessment of balancing these competing factors throughout FY26.

Avanti Feeds Limited has released its Q3FY26 financial results along with an investor presentation, following the scheduled earnings call on March 3, 2026. The company filed the presentation with BSE and NSE pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

Q3FY26 Financial Performance

The company reported consolidated revenue from operations of ₹13,835.23 Mn in Q3FY26, representing a 1.3% year-on-year growth from ₹13,657.68 Mn in Q3FY25. Despite modest revenue growth, profitability metrics showed significant improvement.

Segment-wise Performance

Shrimp Feed Business: Revenue declined 9.6% YoY to ₹9,442.08 Mn from ₹10,447.22 Mn, primarily due to seasonal factors. However, EBITDA margins improved significantly to 19.05% in Q3FY26.

Shrimp Processing & Export: This segment demonstrated robust growth with revenue increasing 36.8% YoY to ₹4,393.15 Mn from ₹3,210.46 Mn. The growth was driven by improved average selling price realisation and favourable foreign exchange rates. EBITDA margins expanded to 13.5% from 8.3% in the previous year.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, the company showed strong overall performance with consolidated revenue growing 8.81% to ₹45,995.71 Mn. EBITDA surged 31% to ₹7,474 Mn, while PAT increased 29.53% to ₹5,179.47 Mn.

Operational Metrics

Shrimp feed production reached 1,22,634 MT in Q3FY26, while sales volume was 1,18,127 MT. Shrimp processing production stood at 4,413 MT with sales of 3,767 MT during the quarter.

Market Diversification

The company's processed shrimp exports showed geographical diversification with North America accounting for 64.5% of sales, Europe 15.0%, and Asia 19.5% in Q3FY26. This represents a strategic shift towards Asian markets compared to the previous year.

Earnings Call Recording Available

Following the post-earnings conference call held on March 3, 2026, Avanti Feeds Limited has made the audio recording available on the company's website. The recording can be accessed at https://avantifeeds.com/corporate-announcement/#Investor-Conference-Call-Recordings for investors and analysts seeking detailed insights into the quarterly performance.

Management Outlook

The earnings call was addressed by senior management including Dr. A. Indra Kumar (Chairman & Managing Director), Mr. C. Ramachandra Rao (Joint Managing Director, CFO and CS), and other key executives. The presentation highlighted the company's strong financial performance and operational efficiency improvements across both business segments.