Avanti Feeds Q4 FY26: Revenue up, margins slip

Consolidated revenues from operations were 14,677.17 mn INR in Q4 FY26 and 60,672.88 mn INR in FY26.

Q4 FY26 EBITDA was 2,002.4 mn INR versus 2,266.3 mn INR in Q4 FY25, and PAT was 1,388.6 mn INR versus 1,571.9 mn INR.

FY26 segment revenues were 43,778.24 mn INR for shrimp feed and 16,894.64 mn INR for shrimp processing, which is approximately 72.16% and 27.84% of consolidated revenues from operations.

In FY26, processed shrimp sales mix was North America 68.3%, Asia 16.7%, Europe 14.6% and Africa 0.4%.

Management attributed the 22% YoY rise in shrimp processing revenue to improved average selling price realization and favourable FX rates, and stated margins improved due to ASP, FX and operational efficiency.

FY26 net debt to equity was reported at 0.01x and interest coverage at 320x in the key ratios table.