AVANTIFEED

1. Strong Q3 FY26 earnings growth Avanti Feeds reported healthy growth in profitability during Q3 FY26. Net profit increased strongly year-on-year, supported by better shrimp feed demand and improving export realizations. Operating margins also improved due to better efficiency and favorable business conditions. 2. Shrimp export sector recovery The company has benefited from improving global shrimp demand, especially in the US market. Positive developments in India–US trade conditions boosted sentiment for shrimp exporters and related companies. 3. Sharp stock volatility in 2026 The stock witnessed a major rally earlier in 2026 due to optimism around exports and strong quarterly earnings. However, it later saw correction and volatility because of: Global market weakness FII selling Concerns over shrimp export demand Commodity price fluctuations 4. Key business challenges Investors are closely tracking: Shrimp disease outbreaks Raw material cost volatility (fishmeal and soymeal) Competition in shrimp feed market Export demand from the US and Europe 5. Industry tailwinds remain strong India continues to remain one of the world’s major shrimp exporters. Any improvement in global seafood demand and export pricing directly benefits Avanti Feeds. 6. Strong position in shrimp feed market Avanti Feeds remains one of the leading shrimp feed companies in India with strong market presence and export linkages. 7. Exchange clarification on volume movement The company recently responded to exchange queries regarding unusual movement in trading volumes and stated there was no undisclosed material event behind the activity. 8. Upcoming triggers investors are watching Major triggers include: Export demand recovery Shrimp farming growth in India Improvement in global seafood consumption Margin stability Q4 FY26 earnings performance