Avanti Feeds (512573) Q4 25/26 earnings summary

Executive summary

• Consolidated revenues for FY26 rose 8.3% year-over-year to ₹60,673 mn, driven by strong growth in shrimp processing and exports.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved, with auditors issuing unmodified opinions.

• Profit after tax for FY26 grew 17.9% year-over-year to ₹6,568 mn, while Q4FY26 PAT declined 11.7% year-over-year to ₹1,389 mn.

• A final dividend of Rs. 10 per equity share was recommended for FY 2025-26, subject to shareholder approval.

• Key management changes include the re-appointment of the Chairman & Managing Director and Joint Managing Director, succession in the CFO role, and commission for non-executive directors.

Financial highlights

• FY26 EBITDA increased 18.7% year-over-year to ₹9,476 mn, with margins improving to 15.6% from 14.3%.

• Consolidated revenue from operations for FY 2025-26 was Rs. 6,06,585.82 lakhs, up from Rs. 5,59,869.30 lakhs year-over-year.

• Consolidated net profit for FY 2025-26 was Rs. 65,680.22 lakhs, compared to Rs. 55,705.23 lakhs in FY 2024-25.

• EPS for FY26 rose to ₹44.48 from ₹38.81 year-over-year; Q4FY26 EPS was ₹9.19, down from ₹11.1 in Q4FY25.

• Q4FY26 EBITDA margin was 13.6%, down from 16.4% in Q4FY25 due to higher raw material costs.

Outlook and guidance

• Management expects continued growth in shrimp processing, supported by improved operational efficiency and favorable forex rates.

• The company continues to focus on core aquaculture segments and has divested non-core wind power assets, with no material impact on ongoing operations.

• Management is monitoring regulatory changes, including new labour codes, and has recognized related financial impacts.