Avanti Feeds Feed Growth, Shrimp Exports & Pet Food Capex

Feed Sales Guidance: Management targets 5.85 lakh MT feed sales in FY27. Shrimp Exports: ~19,000 MT shrimp exports projected. Pet Food Capex: ₹175 crore investment planned to expand pet food business. 📊 Fundamentals & Ratios (FY25 Snapshot) Revenue: ~₹6,200 Cr Net Profit: ~₹520 Cr Debt-to-Equity: ~0.1 (virtually debt-free) P/E Ratio: ~16 (attractive vs peers) ROE: ~14% (efficient capital use) Dividend Yield: ~2.3% (steady payouts) 🏦 Business Drivers Strong demand for shrimp feed in domestic and export markets. Diversification into pet food segment with fresh capex. Export growth supported by rising global shrimp demand. Cost efficiency from integrated operations. ⚠️ Key Watchpoints Volatility in global shrimp prices. Export market risks (US, EU demand trends). Execution of pet food capex and scaling profitability. Raw material cost fluctuations (soy, fishmeal).