Highest Dividend In A Decade: Shrimp Feed Manufacturer Reports FY26 Results; Revenue Crosses Rs 6,000 Crore

DSIJ Intelligence/ 29 May 2026 /Categories: Mindshare, Quarterly Results, Trending

Highest Dividend In A Decade: Shrimp Feed Manufacturer Reports FY26 Results; Revenue Crosses Rs 6,000 Crore

Avanti Feeds Limited reported flat consolidated revenue for FY26, while profit before tax rose 8.5 per cent year-on-year despite a quarterly impairment loss linked to a damaged hydel power associate.

✨ Key Takeaways

On Friday's morning session, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.03 per cent to 23,899. Aquaculture sector stock Avanti Feeds also remained under pressure despite reporting higher annual profitability. The stock was trading at Rs 1,221.70 on May 29, 2026, down 5.83 per cent from its previous close of Rs 1,297.40.

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Avanti Feeds FY26 Annual Performance

The company reported consolidated revenue of Rs 6,066 crore in FY26, compared with Rs 5,612 crore in FY25, registering a year-on-year growth of 8.1 per cent. Operating profit increased to Rs 748 crore from Rs 634 crore in the previous financial year, while operating profit margin improved to 12 per cent from 11 per cent.

Profit before tax rose 19.4 per cent to Rs 881 crore from Rs 738 crore, supported by higher operating performance and growth in other income. Net profit for FY26 stood at Rs 657 crore, compared with Rs 557 crore in FY25, reflecting a growth of 18.0 per cent year-on-year. Earnings per share increased to Rs 44.48 from Rs 38.81 in the previous year.

Avanti Feeds Q4 FY26 Performance

On a quarterly basis, Q4FY26 revenue rose 6.2 per cent to Rs 1,468 crore from Rs 1,382 crore in Q4FY25, while net profit declined 11.5 per cent to Rs 139 crore from Rs 157 crore due to lower operating margins and profit before tax during the quarter.

Impairment Provision On Hydel Power Investment

The exceptional item relates to an impairment loss on the company's investment in Patikari Power Private Limited, an associate operating a 16 MW hydel power plant on the Beas River in Himachal Pradesh. According to the company, the plant suffered extensive damage following a cloudburst on July 1, 2025, which destroyed key infrastructure including the approach road, dam site and powerhouse. Consequently, the company recognised an impairment provision and recorded the necessary adjustments in its financial statements.

Business Segments And Operations

Avanti Feeds' continuing operations comprise the Shrimp Feed and Shrimp Hatchery businesses. During FY26, the company divested its windmill asset as part of its strategy to streamline non-core assets. The company stated that the divestment had no material impact on its ongoing operations.

On a segment basis, Shrimp Feed revenue stood at Rs 4,362.60 crore during FY26 compared with Rs 4,397.41 crore in FY25, while Shrimp Hatchery revenue was Rs 12.46 crore against Rs 21.68 crore in the previous year.

Avanti Feeds Dividend Recommendation

The Board of Directors recommended a final dividend of Rs 10 per equity share of face value Re 1 each for FY26, subject to shareholders' approval at the forthcoming Annual General Meeting.

About Avanti Feeds

Avanti Feeds is engaged in the aquaculture business with operations across shrimp feed manufacturing, shrimp hatcheries and shrimp processing. The company operates through an integrated aquaculture model and serves domestic as well as export markets through its feed, hatchery and processed shrimp businesses.