Avanti Feeds Ltd: ₹18,568 Lakh Profit in Q1 – The Prawn King’s Still Got Its Shell On
1. At a Glance
Avanti Feeds — the company that’s been quietly feeding India’s shrimp obsession since the 90s — just served up a tasty Q1 FY26 with 39% YoY profit growth and OPM holding at 13%. While shrimp prices on the global stage have been sloshing around like fish in a tank, Avanti has managed to ride the waves better than most.
2. Introduction
This is the story of a company that makes food for animals you’ll never meet, which are then sold to people you’ll never know, in countries you probably won’t visit — and yet it’s one of the most profitable FMCG-adjacent businesses in India.
From shrimp feed to processed seafood exports, Avanti has built a global market footprint while staying almost debt-free and maintaining a healthy dividend habit. And just in case shrimp isn’t your thing? They’ve recently decided to feed your Labrador too, with their new pet care vertical.
3. Business Model (WTF Do They Even Do?)
Shrimp Feed Manufacturing – The bread and butter (or brine and pellet) of Avanti’s revenue.
Processing & Export – Frozen shrimp for markets like the US, Japan, and Europe.
Hatcheries – Producing shrimp larvae for farmers.
Pet Care – New segment leveraging feed expertise into domestic pet products.
It’s an integrated aquaculture model — from shrimp “cradle” to your sushi roll.
4. Financials Overview
Metric
Q1 FY26
Q1 FY25
Q4 FY25
YoY %
QoQ %
Revenue (₹ Cr)
1,606
1,506
1,382
6.64%
16.19%
EBITDA (₹ Cr)
214
160
177
33.75%
20.90%
PAT (₹ Cr)
185.68
133.56
157
39.08%
18.22%
EPS (₹)
13.09
9.41
11.14
39.11%
17.50%
Commentary:
Volumes steady, pricing recovery in shrimp feed has helped margins.
QoQ jump aided by start of export season and lower raw material volatility.
EBITDA margin improvement is the real hero this quarter.
