Avanti Feeds (512573) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 consolidated gross income/revenue grew 8.7% year-over-year to INR 1,435 crores (₹13,851 million), with FY25 gross income/revenue reaching INR 5,778 crores (₹56,123 million), up from INR 5,505 crores (₹53,688.9 million) in FY24.

• Q4 FY25 profit before tax (PBT) was INR 211 crores, up 40% year-over-year; FY25 PBT was INR 737 crores, with FY25 PAT up 41.5% to ₹5,571 million.

• Feed and shrimp processing/export divisions contributed to growth, with feed sales and profitability improving despite industry challenges.

• Audited standalone and consolidated financial results for FY25 were approved, with unmodified auditor opinions and a final dividend of Rs. 9 per share recommended.

• Key board changes and new auditor appointments were made, reflecting ongoing governance updates.

Financial highlights

• Q4 FY25 consolidated gross income: INR 1,435 crores (Q3 FY25: INR 1,405 crores; Q4 FY24: INR 1,320 crores); Q4FY25 EBITDA increased 36.5% year-over-year to ₹1,768 million.

• FY25 consolidated gross income: INR 5,778 crores (FY24: INR 5,505 crores); FY25 EBITDA grew 34.4% to ₹7,988 million.

• EPS for Q4FY25 was ₹11.1, up from ₹7.6 in Q4FY24; FY25 EPS reached ₹38.8, up from ₹26.2 in FY24.

• Consolidated net profit for FY25 was Rs. 55,705.23 lakhs, compared to Rs. 39,380.93 lakhs in FY24.

• Dividend payout for FY25 recommended at Rs. 9 per share.

Outlook and guidance

• FY26 feed sales expected in the range of 550,000–560,000 MT, similar to FY25; management expects continued growth in shrimp feed and processing volumes.

• Q1 and Q2 of FY26 expected to maintain profitability if raw material prices remain stable.

• Petcare division targets INR 10 crores revenue in FY26, with dog food launch planned for August 2025.

• Board recommended a final dividend of Rs. 9 per share, reflecting confidence in future cash flows.