Avanti Feeds Q1 FY27: Transcript of Post Earnings Audio Conference Call Released
Avanti Feeds released its Q1 FY27 earnings call transcript. Consolidated gross income rose 30% YoY to ₹1,966 crore, but PBT fell 37% to ₹157 crore due to rising raw material costs. The feed division's PBT decreased 45% YoY to ₹114 crore. The company implemented a 10% feed price hike on June 19, 2026.
The transcript details significant financial results, operational challenges, and strategic initiatives. The rising raw material costs and their impact on margins, along with industry-wide concerns and government interventions, are material information for investors.
The company reported increased gross income but a decrease in PBT due to rising raw material costs, indicating a mixed financial performance. While there are efforts to mitigate challenges, the overall outlook is cautious.
Avanti Feeds Limited has released the transcript of its post-earnings audio conference call for the quarter ended June 30, 2026. The call, held on August 27, 2026, discussed the unaudited financial results (standalone and consolidated) for Q1 FY27.
During the call, consolidated gross income for Q1 FY27 was reported at ₹1,966 crores, a 30% increase from Q4 FY26 (₹1,516 crores) and a 19% increase from Q1 FY26 (₹1,657 crores). However, Profit Before Tax (PBT) decreased by 15% to ₹157 crores in Q1 FY27 compared to ₹184 crores in Q4 FY26, and by 37% from ₹249 crores in Q1 FY26.
The standalone results for the Feed division showed a gross income of ₹1,615 crores in Q1 FY27, up 51% from Q4 FY26 (₹1,069 crores) and up 27% from Q1 FY26 (₹1,279 crores). This was mainly due to an increase in feed sold by 70,126 MT. However, PBT declined by 18% to ₹114 crores from ₹139 crores in Q4 FY26, attributed to rising raw material prices, specifically fish meal and soybean meal. The average consumption price of fish meal increased to ₹153 per kg from ₹123 in Q4 FY26 and ₹93 in Q1 FY26. Soya bean meal prices rose to ₹58 per kg from ₹49 in Q4 FY26 and ₹40 in Q1 FY26. Wheat flour prices decreased to ₹28 per kg.
The Shrimp Processing and Export Division reported a gross income of ₹350 crores in Q1 FY27, a decrease of 22% from Q4 FY26 (₹446 crores) and a 7% decrease from Q1 FY26 (₹378 crores), primarily due to a reduction in sales volume. Despite this, PBT for the division increased to ₹45 crores in Q1 FY27 from ₹25 crores in Q1 FY26, driven by improved average selling price realization and favorable foreign exchange rates.
The PetCare division's sales increased to ₹180 lakh in Q1 FY26/27 from ₹151 lakh in Q4 FY25/26. The company has purchased land near Hyderabad for a pet food manufacturing facility, with an estimated investment of ₹175 crores, of which ₹25 crores has been invested in land acquisition.
Management highlighted the challenges faced by the aquaculture industry due to steep increases in shrimp feed costs, with significant price hikes in raw materials like fish meal and soybean meal. The company implemented a price hike of approximately 10% in feed on June 19, 2026, and is exploring formulation changes to mitigate price volatility. The industry is seeking government support to address these challenges and ensure long-term sustainability.
A plain-language summary of a public exchange filing by Avanti Feeds Limited. Read the original for the full detail.