Avanti Feeds Ltd

Avanti Feeds Limited — Closure of Trading Window from October 01, 2026 until 48 hours after declaration of unaudited financial results for the quarter ending September 30, 2026

Avanti Feeds Limited trading window will remain closed from October 01, 2026 till 48 hours after the declaration of unaudited financial results for the quarter ending September 30, 2026.

Incorporation of Thai Union Feedmill Ecuador S.A.S.

• Thai Union Feedmill Ecuador S.A.S. incorporated on September 4, 2026 in Ecuador.
• Avanti Feeds subscribes to shares at par USD 1 for 10% equity.
• Turnover for the target is not applicable as operations haven't commenced.
• Target industry: aquaculture feed manufacturing and distribution in Ecuador.
• Not a related party transaction; no promoter interest involved.
• The filing notes regulatory listing compliance; no regulatory approvals required at this stage.
• This is an ongoing strategic expansion; impact on business outlook to be assessed.
• Annexure notes 10% stake, par value USD 1; acquisition cost not disclosed.

Financial Performance

• Consolidated gross income Q1 FY27: INR 1,966 cr; +30% vs Q4 FY26 (1,516 cr).
• Consolidated PBT Q1 FY27: INR 157 cr; down 15% vs Q4 FY26 (184 cr).
• Q1 FY27 vs Q1 FY26: gross income up 19% to INR 1,657 cr.
• Standalone Feed gross income Q1 FY27: INR 1,615 cr; up 51% QoQ.
• Feed PBT Q1 FY27: INR 114 cr; down 18% QoQ vs 139 cr.
• Feed sales volume Q1 FY27: 1,93,852 MT (Q4 FY26: 1,23,725 MT).
• Feed sales volume Q1 FY27 vs Q1 FY26: 1,93,852 MT vs 1,65,564 MT.
• Purchase prices: fish meal INR 225/kg; soya INR 71/kg; wheat INR 33/kg.
• Avg fish meal price INR 153/kg in Q1 FY27; 123 in Q4 FY26.
• Avg soya meal price INR 58/kg in Q1 FY27; 49 in Q4 FY26; 40 in Q1 FY26.
• Wheat flour INR 28/kg in Q1 FY27; 31 in Q4 FY26 and Q1 FY26.
• FY26/27 expected to be challenging; monsoon may ease and stabilize prices.
• FY27 feed sales forecast around 5,85,000 MT.

Shrimp Processing and Export

• Q1 FY27 gross income: INR 350 cr; Q4 FY26: 446 cr (−22%).
• Q1 FY27 gross income vs Q1 FY26: 350 cr vs 378 cr (−7%).
• PBT before exceptional items Q1 FY27: INR 45 cr; Q4 FY26: 48 cr.
• PBT Q1 FY27: INR 45 cr; up from INR 25 cr Q1 FY26 due to higher price realization.
• Shrimp export FY26 volume: 16,976 MT; FY25: 14,149 MT (+2,827 MT).
• FY26 frozen shrimp exports USD 5,624.48 mn; USA 33%, China 21%, EU 17%.
• FY26 shrimp export volume 16,976 MT; FY27 estimate ~19,000 MT.

PetCare Update

• Avant Furst pet-care sales Q1 FY26/27: INR 180 lakh; Q4 FY25/26: INR 151 lakh.
• Land near Hyderabad purchased; INR 25 crores; land converted to non-agriculture.
• Consent for Establishment submitted; approval process underway; construction after approval.
• PetCare capex: ~INR 175 crores; additional land INR 25 crores already purchased.
• Avant Furst brand expansion; e-commerce presence and tier 1-3 market penetration.

Industry Context and Outlook

• Industry sees shrimp value chain integration; policy support needed for sustainable growth.
• Government and stakeholders addressing challenges; monitoring key feed-material prices.
• Management highlights ongoing efforts to balance farmer, feed-maker, exporter interests.

Q&A Highlights

• Farm-gate prices balance with global prices; management monitors affordability for farmers.
• US reciprocal tariff refund status: entries under ADD/CVD suspended; CBP process paused.
• Price hikes implemented around 10% in June/July; focus on formulation improvements to stabilize costs.
• Second quarter may be weaker before benefits of price hikes and policy actions.
• PetCare capex timeline: INR 175 crores; land INR 25 crores; construction after approvals.

Meeting Details

• Audio recording of post-earnings conference call held on August 27, 2026.

Participants

• Key company participants: Joint Managing Director; Company Secretary and Compliance Officer.

Purpose

• Discuss Q1 FY2027 unaudited standalone and consolidated results.

Additional Notes

• Audio recording of the conference call available on the company website.

Meeting Details

• Date of call: August 27, 2026
• Time: not disclosed
• Type/Mode: post-earnings investors/analyst conference call; audio recording available
• Event/organiser: Avanti Feeds Limited

Participants

• Key participants: Joint Managing Director; Company Secretary; Compliance Officer

Purpose

• Discuss Q1 FY2027 unaudited standalone and consolidated results

Additional Notes

• Recording: audio recording available on the company website

Meeting details

• Date and time: Thursday, 27 August 2026 at 04:00 PM IST.
• Type and mode: Group audio conference call (virtual).
• Event/organiser: Investors Conference (Group Meet) by Avanti Feeds Limited.
• Key participants: CMD; Joint MD & CS; Executive Directors; CFOs.
• CFOs: AFL and subsidiaries (AFL, Avanti Frozen Foods, Avanti Pet Care).
• Purpose: discuss unaudited standalone and consolidated results for quarter ended June 30, 2026.