Avanti Feeds Q2 results 2026: profit falls 56.2%
Avanti Feeds reported consolidated revenue of Rs 1,752.52 crore and profit for the period of Rs 73.92 crore for July to September 2026.
Published 12 November 2026 · Potoos Research Services
The short answer. Consolidated revenue rose 8.9% from a year earlier, while profit for the period fell 56.2%. The quarter includes a Rs 17.12 crore exceptional charge linked to differential anti-dumping duty.
Quarter at a glance
Consolidated figures in Rs crore. Change compares the same quarter a year earlier.
| Measure | Jul-Sep 2026 | Jul-Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 1,752.52 | 1,608.87 | +8.93% |
| Other income | 50.42 | 49.44 | +1.98% |
| Profit before tax (continuing operations) | 96.37 | 226.63 | -57.48% |
| Profit for the period | 73.92 | 168.79 | -56.21% |
Source: Avanti Feeds consolidated financial results, PDF page 4. Percentages are recomputed from the filing figures before rounding.
Consolidated means the parent and the entities included in its group accounts. Profit for the period includes profit attributable to both the owners of the parent and non-controlling interests. The July-September 2025 profit includes Rs 0.33 crore from the wind-power business the company has since sold (discontinued operations). There was no discontinued business in July-September 2026.
What caused the exceptional item?
The filing records an exceptional charge of Rs 17.12 crore in the quarter. A note says Avanti Frozen Foods Private Limited recognised a provision for differential anti-dumping duty after rates were revised from 1.35% to 3.76% and 5.53%. The filing says an appeal has been filed in the USA. The company says it recognised the provision because of the materiality and uncertainty around the matter.
The half-year cash-flow statement carries the same Rs 17.12 crore provision as an adjustment in arriving at operating cash flow. That cash-flow statement covers April to September 2026, not Q2 alone.
Why did profit fall while revenue rose?
Profit before tax fell 57.5% even though revenue from operations rose 8.9%. The exceptional charge explains part of that gap. Even before the exceptional item, consolidated profit before the exceptional item and tax was Rs 113.49 crore, against Rs 226.63 crore a year earlier. The segment table shows where the fall came from. Shrimp and other feeds revenue rose 18.9% to Rs 1,374.41 crore, but that segment's result fell to Rs 43.78 crore from Rs 139.05 crore. Processed shrimp revenue fell 17.1% to Rs 374.36 crore, and its result fell to Rs 6.70 crore from Rs 42.19 crore. Cost of materials consumed rose 35.0% to Rs 1,494.94 crore, far faster than revenue. The filing does not say why feed margins narrowed.
What else did the board approve?
The 10 November outcome states that the board approved the unaudited standalone and consolidated results. It does not announce a dividend, bonus issue, split, fund raise, stake sale or other capital action in that outcome.
What the auditor noted
The auditor's limited review report on the consolidated results covers four subsidiaries and one associate. It says the subsidiaries' figures were reviewed by other auditors, except for Sealuxe B.V., a subsidiary in the Netherlands, which has not been audited or reviewed by any auditor and whose information was furnished by management. The auditor states that its conclusion is not modified in respect of this matter. The report also says the financial information of Patikari Power Private Limited, an associate, has not been audited or reviewed by any other auditor. That information was approved and furnished by management, and the auditor's conclusion on the associate is based solely on it. Source: auditor's limited review report on the consolidated results, PDF page 3.
Sources
- Avanti Feeds unaudited financial results. 10 November 2026. PDF page 1, board outcome; page 4, consolidated results table; page 6, half-year cash-flow statement; page 8, note on anti-dumping duty; pages 2 and 3, auditor's limited review report on the consolidated results.
Sources checked on 11 November 2026. Information cutoff: 11 November 2026, 16:30 IST
Common questions
Is the Rs 73.92 crore figure consolidated profit?
Yes. It is total consolidated profit for the period, including the amount attributable to owners and non-controlling interests.
Is the Rs 17.12 crore exceptional charge a Q2 item?
Yes. The consolidated quarterly table shows the charge in the quarter ended 30 September 2026.
Does the cash-flow figure cover only Q2?
No. The cash-flow statement in the filing covers the six months from April to September 2026.
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