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1 Q1-FY27 Results Presentation
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This presentation has been prepared by Avanti Feeds Limited based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. Certain matters discussed in this presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward looking statements. Such forward looking statements are not guarantees for future performance and or subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict. These risks and uncertainties include but are not limited to, performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and worldwide, competition, the company’s ability to successfully implement its strategy, company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, withdrawal of governmental fiscal incentives, the company’s market preferences and its exposure to market risks, as well as other risks. 2 Disclaimer
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3 Index RESULT HIGHLIGHTS RESULT HIGHLIGHTS OPERATIONAL HIGHLIGHTS OPERATIONAL HIGHLIGHTS ANNEXURE ANNEXURE FINANCIAL STATEMENT FINANCIAL STATEMENT 4 4 11 11 14 14 18 18
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https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png RESULT HIGHLIGHTS
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5 Quarterly Consolidated Highlights https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png EBITDA (INR mn) EBITDA (%) PAT(INR mn) PAT (%)REVENUES (INR mn) -750 bps18% -35% -37% -530 bps 16,064 18,999 - 5,00 0 10,0 00 15,0 00 20,0 00 25,0 00 Q1 FY26 Q1 FY27 2,653 1,716 - 500 1,00 0 1,50 0 2,00 0 2,50 0 3,00 0 Q1 FY26 Q1 FY27 16.5% 9.0% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% Q1 FY26 Q1 FY27 1,857 1,163 - 200 400 600 800 1,00 0 1,20 0 1,40 0 1,60 0 1,80 0 2,00 0 Q1 FY26 Q1 FY27 11.2% 5.9% 0.0 % 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% 14. 0% 16. 0% Q1 FY26 Q1 FY27
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6 Quarterly & Fiscal Results Snapshot https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Consolidated Revenues in Q1FY27 grew 18.3% YoY at Rs 18,999 Mn, mainly aided by strong volume growth in shrimp Feed business. EBIT declined by Rs.914 Mns at 36.8% YoY Impacted by elevated raw material prices. Profit after Tax dropped by 37.4% YoY to Rs. 1,163 Mn from Rs.1,857 Mn with margins at 6.1%. EPS dropped to 7.58 per share YoY from Rs.13.09 per share. 1 2 3 4 Consol Profit & Loss (Rs mn) Q1FY27 Q1FY26 Y-o-Y Q4FY26 Q-o-Q Segment Revenues Shrimp Feed 15,661.6 12,352.1 26.8% 10,402.2 50.6% Shrimp Processing 3,337.1 3,711.6 -10.1% 4,275.0 -21.9% Revenues from operations 18,998.6 16,063.6 18.3% 14,677.2 29.4% COGS 15,775.3 11,659.3 35.3% 10,999.7 43.4% Op. expenses 2,164.8 2,263.1 -4.3% 2,030.2 6.6% Operating Profits 1,058.6 2,141.3 -50.6% 1,647.3 -35.7% Other income 657.1 506.2 29.8% 484.8 35.5% Depreciation 144.3 162.1 -11.0% 151.9 -5.0% EBIT 1,571.5 2,485.4 -36.8% 1,980.2 -20.6% Interest expenses 4.7 5.2 -8.0% 11.4 -58.4% Exceptional Item 0.0 0.0 NA -129.7 NA PBT 1,566.7 2,480.3 -36.8% 1,839.1 -14.8% Taxes 403.7 629.5 -35.9% 450.6 -10.4% Profit after Taxes (PAT) 1,163.1 1,850.8 -37.2% 1,388.6 -16.2% Profit/Loss on shr of associate/ 0.00 5.95 -100.0% 0.0 #DIV/0! PAT (after shr associate) 1,163.1 1,856.8 -37.4% 1,388.6 -16.2% EPS 7.58 13.09 -42.1% 9.19 -17.5% NP % Sales 6.1% 11.6% -550 bps 9.5% -340 bps
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7 Management Commentary https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Shrimp Feed In Q1FY27, Shrimp feed revenues grew by 26.8% YoY from Rs.12,352 Mn to Rs.15,661 Mn. PBT in Q1FY27 came in at Rs 1,112 Mn from Rs.2,235 Mn YOY with margins at 5.3% due to increasing Raw Material prices. Shrimp Processing & Export Shrimp processing revenue declined 10% YoY to Rs. 3,337 Mn in Q1FY27 from 3,712 Mn in Q1FY26, primarily driven by a 17% decline in sales volume. EBITDA margin improved to 16% in Q1FY26 from 9% in Q1FY26, supported by favourable FX movements, improved average selling price realisation and higher contribution from other income.
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8 Processed Shrimp Sales % By Regions https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Q1FY26 Q4FY26 Q1FY27 FY24 (12M) 12.8% 17.4% 69.8% ASIA EUROPE NORTH AMERICA 6.5% 10.1% 83.4% ASIA EUROPE NORTH AMERICA FY25 (12M) FY26 (12M) 0.4% 16.7% 14.6% 68.3% AFRICA ASIA EUROPE NORTH AMERICA 0.9% 19.5% 16.3% 63.3% AFRICA ASIA EUROPE NORTH AMERICA 12.5% 9.5% 78% ASIA EUROPE NORTH AMERICA 0.5% 20.6% 16.3% 62.6% AFRICA ASIA EUROPE NORTH AMERICA
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9 Overview of Shrimp and Other Revenues https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png EBITDA and EBIDTA% PAT and PAT% 1,465 1,727 1,999 2,316 1,825 1,796 1,437 1,181 13.6% 16.5% 19.4% 18.7% 15.8% 19.0% 13.8% 7.5% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% - 500 1,00 0 1,50 0 2,00 0 2,50 0 Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_FY26 Q4_FY26 Q1_FY27 EBITDA EBITDA% 1,015 1,264 1,442 1,670 1,294 1,272 1,030 825 9.1% 11.7% 13.5% 13.1% 10.8% 12.8% 9.6% 5.1% 0.0 % 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% 14. 0% 16. 0% - 200 400 600 800 1,00 0 1,20 0 1,40 0 1,60 0 1,80 0 Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_FY26 Q4_FY26 Q1_FY27 PAT PAT%
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10 Overview of Processed Shrimp Revenues https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png EBITDA and EBIDTA% PAT and PAT% 315 268 267 338 608 592 566 535 11.4% 8.3% 7.6% 9.1% 13.5% 13.5% 13.2% 16.0% 0.0 % 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% 14. 0% 16. 0% 18. 0% - 100 200 300 400 500 600 700 Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_FY26 Q4_FY26 Q1_FY27 EBITDA EBITDA% 200 144 130 188 394 363 359 338 7.0% 4.4% 3.6% 4.9% 8.5% 8.0% 8.0% 9.7% 0.0 % 2.0 % 4.0 % 6.0 % 8.0 % 10. 0% 12. 0% - 50 100 150 200 250 300 350 400 450 Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_FY26 Q4_FY26 Q1_FY27 PAT PAT%
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OPERATIONAL HIGHLIGHTS https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png
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12 Operational Highlights - Quarterly https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Particulars Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Production (MT) Shrimp Feed 1,32,079 1,53,293 1,34,476 1,30,284 1,40,423 1,53,203 1,52,743 1,22,634 1,39,407 1,76,316 Shrimp Processing 2,920 4,524 3,815 4,073 3,836 4,500 3,637 4,413 4,071 4,442 Sales (MT) Shrimp Feed 1,22,278 1,58,591 1,34,897 1,32,049 1,29,711 1,65,564 1,54,644 1,18,127 1,23,725 1,93,852 Shrimp Processing 3,846 2,783 3,423 3,843 4,100 4,223 4,862 3,767 4,124 3,520 Particulars (INR mn) Shrimp Feed revenues 9,967.0 12,695.8 10,763.8 10,417.5 10,323.4 12,352.0 11,581.9 9,442.1 10,402.2 15,661.6 EBITDA 1,266.4 1,590.3 1,465.2 1,726.6 1,999.1 2,315.7 1,824.9 1,795.6 1,436.8 1,181.4 % Margins 12.7 12.5 13.6 16.5 19.4 18.8 15.8 19.0 13.8 7.5 Particulars (INR mn) Shrimp Processing 2,868.1 2,336.9 2,757.7 3,210.2 3,498.0 3,711.6 4,514.9 4,393.2 4,275.0 3,337.1 EBITDA 393.3 356.5 314.8 267.9 267.2 337.8 607.7 592.4 565.7 534.4 % Margins 13.7 15.3 11.4 8.3 7.64 9.1 13.5 13.5 13.2 16.0 Particulars (INR mn) Consolidated Revenues 12,835.1 15,032.7 13,521.5 13,627.7 13,821.4 16,063.6 16,096.9 13,835.2 14,677.2 18,998.6 EBITDA 1,659.7 1,946.8 1,780.0 1,994.5 2,266.3 2,653.5 2,432.6 2,388.1 2,002.5 1,715.7 % Blended Margins 12.9 12.9 13.1 14.6 16.4 16.5 15.11 17.26 13.64 9.03
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13 Operational Highlights – Fiscals & Financial Year Ended Particulars FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Production (MT) Shrimp Feed 4,28,452 4,19,472 4,87,402 4,72,234 5,36,798 5,01,621 5,39,074 5,58,476 5,67,986 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 13,246 16,248 16,621 Sales (MT) Shrimp Feed 4,30,314 4,21,691 4,84,669 4,73,449 5,40,895 4,97,066 5,31,967 5,55,248 5,62,060 Shrimp Processing 7,857 11,065 13,397 11,518 12,836 12,497 13,444 14,149 16,976 Particulars (INR mn) Shrimp Feed revenues 28,117.2 27,352.6 31,603.9 32,436.7 40,443.6 40,395.1 42,870.3 44,289.9 43,778.2 EBITDA 6,457.7 3,516.9 4,000.5 4,252.9 2,824.6 3,259.7 4,331.3 6,781.2 7,373.0 % Margins 23.0 12.9 12.7 13.1 7.0 8.1 10.1 15.3 16.8 Particulars (INR mn) Shrimp Processing 5,811.8 7,525.2 9,549.0 8,568.9 9,916.0 10,474.8 10,818.7 11,803.6 16,894.6 EBITDA 851.3 1,093.8 1,245.0 1,274.3 1,212.3 1,590.6 1,614.3 1,206.5 2,103.6 % Margins 14.6 14.5 13.0 14.9 12.2 15.2 14.9 10.2 12.5 Particulars (INR mn) Consolidated Revenues 33,929.0 34,877.8 41,152.9 41,005.6 50,359.6 50,869.9 53,688.9 56,003.2 60,672.9 EBITDA 7,308.9 4,610.8 5,245.6 5,527.2 4,036.8 4,850.4 5,945.6 7,987.6 9,476.4 % Blended Margins 21.5 13.2 12.7 13.5 8.0 9.5 11.1 14.3 15.6
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FINANCIAL STATEMENTS https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png
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15 Profit & Loss Statement - Quarterly https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Consolidated Profit & Loss (INR mn) Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Income from Operations 12,835.1 15,032.7 13,521.5 13,627.7 13,821.4 16,063.6 16,096.9 13,835.2 14,677.2 18,998.6 Other Income 364.5 346.9 417.7 391.3 498.9 506.3 494.4 630.5 484.8 657.2 Total Income 13,199.7 15,379.6 13,939.2 14,019.0 14,320.3 16,569.9 16,591.3 14,465.8 15,162.0 19,655.8 Operating Expenses 11,539.8 13,461.6 12,159.2 12,024.2 12,054.0 13,916.4 14,158.7 12,077.7 13,159.5 17,940.1 EBITDA 1,659.8 1,948.0 1,780.0 1,994.8 2,266.3 2,653.4 2,432.6 2,388.1 2,002.4 1,715.7 Margin % 12.9 12.9 13.1 14.6 16.4 16.5 15.1 17.3 13.6 9.0 Depreciation 144.9 144.9 150.0 149.6 145.8 162.1 157.6 160.7 151.9 144.3 EBIT 1,514.9 1,803.1 1,630.0 1,845.2 2,120.5 2,491.3 2,275.0 2,227.4 1,850.5 1,571.5 Margin % 11.8 12.0 12.0 13.5 15.3 15.5 14.2 16.1 12.6 8.3 Financial Charges 7.2 5.5 5.7 5.2 6.1 5.2 4.3 6.8 11.4 4.7 PBT 1,507.7 1,796.4 1,624.3 1,840.0 2,114.5 2,486.2 2,270.7 2,220.6 1,839.1 1,566.7 Margin % 11.7 11.9 12.0 13.5 15.3 15.5 14.1 16.1 12.5 8.2 Tax 381.6 420.7 409.6 431.6 542.5 629.5 582.8 585.8 450.6 403.7 PAT (after minority interest) 1,126.0 1,375.7 1,214.8 1,408.4 1,571.9 1,856.8 1,687.9 1,634.7 1,388.6 1,163.1 Margin % 8.8 9.1 9.0 10.3 11.4 11.6 10.5 11.8 9.5 6.1 EPS 7.6 9.4 8.3 9.9 11.1 13.1 11.3 11.0 9.2 7.6
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16 Profit & Loss Statement – Fiscals & Financial Year ended https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Consolidated Profit & Loss (INR mn) FY20 FY21 FY22 FY23 FY24 FY25 FY26 Income from Operations 41,152.9 41,005.6 50,359.6 50,869.9 53,688.9 56,003.2 60,672.9 Other Income 702.3 925.8 816.7 920.2 1,362.7 1,654.8 2,116.0 Total Income 41,855.3 41,931.4 51,176.3 51,790.0 55,051.6 57,658.0 62,788.9 Operating Expenses 36,613.9 36,404.2 47,139.5 46,939.7 49,108.1 49,670.3 53,312.5 EBITDA 5,245.6 5,527.2 4,036.8 4,850.4 5,943.5 7,987.6 9,476.4 Margin % 12.7 13.5 8.0 9.5 11.1 14.3 15.6 Depreciation 377.1 409.3 407.9 425.9 564.0 590.2 632.1 EBIT 4,864.3 5,117.9 3,628.9 4,424.4 5,379.5 7,397.4 8,844.3 Margin % 11.8 12.5 7.2 8.7 10.0 13.2 14.6 Financial Charges 19.9 16.8 20.1 20.2 13.1 22.5 27.6 PBT 4,844.4 5,101.1 3,608.8 4,404.2 5,366.4 7,374.9 8,816.7 Margin % 11.8 12.4 7.2 8.7 10.0 13.2 14.5 Tax 985.7 1,122.9 786.7 1,145.3 1,430.5 1,804.4 2,248.7 PAT (after minority interest) 3,862.9 3,973.7 2,452.3 3,122.5 3,938.1 5,570.5 6,568.0 Margin % 9.4 9.7 4.9 6.1 7.3 9.9 10.8 EPS 25.4 26.4 16.3 20.5 26.2 38.8 44.5
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17 Balance Sheet & Key Ratios https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Consolidated Balance Sheet (INR mn) FY21 FY22 FY23 FY24 FY25 FY26 Share capital 136 136 136 136 136 136 Reserves and Surplus 19,759 21,338 23,632 26,756 31,612 36,944 Non-current liabilities 193 178 347 585 549 445 Current liabilities 2,734 3,510 3,231 3,505 4,529 5,079 Total Equity and Liabilities 22,822 25,162 27,346 30,982 36,827 42,604 Non-current assets 4,547 4,873 5,239 5,935 9,187 14,275 Current assets 18,275 20,289 22,107 25,047 27,640 28,329 Total Assets 22,822 25,162 27,346 30,982 36,827 42,604 Key Ratios FY21 FY22 FY23 FY24 FY25 FY26 RoCE (%) 19.90% 13.10% 13.60% 19.77% 23.00% 22.30% RoE (%) 20.00% 11.40% 13.10% 15.55% 19.00% 19.09% Net debt to equity (x) 0 0 0 0.01 0.01 0.01 Interest coverage (x) 304 181 219 412 329 320 Inventory days 49 72 58 60 75 76 Receivables days 6 8 9 10 9 8 Payable days 21 22 20 22 25 19
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ANNEXURE https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png
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19 Stock Information https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png • Market cap (INR) – ~117 bn (As on 19th August2026) • Shares outstanding – 136 mn (As on 30th June ,2026) • BSE code: 512573 • NSE code: AVANTIFEED As on 19th August , 2026 Relative stock price vs BSE SensexShareholding Pattern as on 30th June, 2026 127 93 43.23% 7.19% 24.21% 7.35% 18.02% Promoter FPI Foreign Body DII Retail Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Avanti Feeds Limited BSE sensex
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THANK YOU! Ms. Lakshmi Sharma +91-40-23310260 investors@avantifeeds.com G2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad – 500082 Telangana, India THANK YOU! Mrs. B. Santhi Latha +91-40-23310260 investors@avantifeeds.com G2,Concord Apartments,6-3-658,Somajiguda Hyderabad - 500082,Telangana,India