Avanti Feeds Ltd(AVANTIFEED)

NSE: AVANTIFEEDBSE: 512573

₹ 671.7-0.58%refreshed 26 Oct, 01:10 pm ISTMarket cap: ₹ 9,152 crWebsite: www.avantifeeds.comUpdated: 24 Oct 2026

About

Avanti Feeds Limited is India's largest shrimp feed manufacturer and an integrated aquaculture company, also operating a processed shrimp export division through its subsidiary Avanti Frozen Foods. The company holds a 51 - 53% share of India's shrimp feed market and reported revenue of Rs 6,065.86 crore in FY26. A nascent pet care division sells cat and dog food under the Avant Furst brand.^[1][2][3]

Business segments

Shrimp Feed contributed 71.9% of FY26 segment revenue (Rs 4,366.81 crore), manufacturing and distributing pelleted shrimp feed to aquaculture farmers across India.^[4]
Processed Shrimp contributed 27.8% of FY26 segment revenue (Rs 1,689.46 crore), exporting frozen and value-added shrimp to markets including the US, EU, Japan, and China.^[4]

Products and brands

Shrimp feed is sold under five brands: Manamei, Titan, Profeed, High Boost, and Prostar.^[3]
Processed shrimp portfolio covers raw shrimp (head-on, headless, peeled & deveined, butterfly cut), value-added shrimp (marinated, breaded, skewers, rings), and cooked shrimp in multiple formats.^[3]
Pet care subsidiary Avanti Pet Care Private Limited sells cat food (Ocean Fish, Tuna flavours) and dog food (Chicken & Vegetable) under the Avant Furst brand; products are currently sourced from Thailand.^[3]
Fish feed trials are ongoing using imported feed from Thai Union Feedmill under Indian conditions; commercial domestic production will follow product-performance approval.^[5]

Operations and capacity

Shrimp feed operations comprise five ISO- and BAP-certified plants - at Kovvur, Vemuluru, and Bandapuram (West Godavari District, Andhra Pradesh) and at Valsad (Pardi), Gujarat - with total installed capacity of 7,75,000 MT per annum.^[3]
Three processed shrimp plants have installed capacity of approximately 26,000 - 28,000 MT per annum.^[3][6]
A shrimp hatchery in Gudiwada Village, Visakhapatnam District, Andhra Pradesh has capacity to produce 600 million post-larvae shrimp seed.^[3]
Processing operations hold BAP, BRC, IFS, FSSC 22000, ISO 22000, HACCP, MSC Chain of Custody, Whole Foods Market Fair Trade, and Aquaculture Certification Council certifications.^[3]

Key operating numbers

Shrimp feed volume: 1,93,852 MT in Q1 FY27 vs 1,65,564 MT in Q1 FY26 (+17% YoY), and 5,62,060 MT for full-year FY26 vs 5,54,247 MT in FY25.^[7]
Processed shrimp export volume: 3,520 MT in Q1 FY27 ( - 16% YoY); 16,976 MT for full-year FY26 vs 14,149 MT in FY25.^[7]
Feed division PBT margin fell to 7.06% in Q1 FY27 from ~17% in Q1 FY26, as fish meal average consumption price rose to INR 153/kg from INR 93/kg and soya bean meal to INR 58/kg from INR 40/kg YoY.^[7]
Processing division EBITDA margin improved to 16% in Q1 FY27 from 9% in Q1 FY26, despite a 16 - 17% volume decline, on higher average selling prices and favourable FX.^[7]
Shrimp feed market share held at 51 - 53% as of Q2 FY26.^[1]

Customers and distribution

Avanti primarily operates in the B2B segment, distributing shrimp feed and seed across 15 Indian states and 3 countries.^[3]
US share of India's total frozen shrimp exports declined to 33% in FY26; China at 21%, EU 17%, Southeast Asia 11%; US export volumes fell 17.9% YoY while China grew 24%, EU grew 36%, and Japan grew 5%.^[7]
Avant Furst pet care products are distributed through 31 distributors across 25 cities, plus Amazon and Supertails e-commerce platforms.^[3]

Expansion and capex

A pet food manufacturing plant is planned in Hyderabad at a total estimated capex of INR 175 crore; INR 25 crore has been spent on land and the Consent for Establishment application has been submitted.^[7]
A UK subsidiary has been established to capture opportunities from the India - UK Comprehensive Economic and Trade Agreement.^[3]
Further capacity expansion of the shrimp processing business has been paused pending clarity on the US tariff situation.^[5]
FY27 feed volume target is approximately 5,85,000 MT; FY27 processed shrimp export target is approximately 19,000 MT.^[7]

Recent developments

A ~10% feed price hike was implemented around 19 June 2026 in response to raw material cost inflation; current fish meal purchase price has escalated further to INR 225/kg and soya bean meal to INR 71/kg.^[7]
The US Supreme Court invalidated IEEPA-based reciprocal tariffs effective 24 February 2026; a new temporary 10 - 15% surcharge under Section 122 of the US Trade Act of 1974 replaced them.^[6]
Avanti Frozen Foods is filing for refunds of US IEEPA tariffs paid, estimated at approximately USD 15 - 20 million, through the US Customs ACE portal.^[3]
Customs duty on imported shrimp feed was reinstated at 15% in the Union Budget, reversing the prior concessional rate of 5%.^[6]
A government committee with a Big-4 consultant is exploring a price-variance mechanism for major feed inputs (fish meal, soya bean meal, wheat flour) to stabilise feed prices.^[7]

Market Cap

₹9,152 Cr

High / Low

₹1,592 / 668

Stock P/E

17.3

Price / Book

2.8

Book Value

₹241

EPS

₹44.5

No. of Shares

13.62 Cr

ROCE

25.9%

ROE

19.9%

OPM

14.3%

Debt / Equity

0.00

Sales

₹6,066 Cr

Net Profit

₹657 Cr

Promoter holding

43.2%

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Avanti Feeds Ltd(AVANTIFEED)

About

Business segments

Products and brands

Operations and capacity

Key operating numbers

Customers and distribution

Expansion and capex

Recent developments

Signal history

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