Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q2 FY2026 Earnings Presentation
22 slides from Avanti Feeds's earnings presentation, Nov 14, 2025
Slide 1: Aiding Sustainability & Reliability to Aquaculture
�1 Avanti a r Feeds Limited Aiding Sustainability & Reliability to Aquaculture November 14, 2025 To To BSE Limited, National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Towers, Bandra (East), Dalal Street, Mumbai – 400001, Mumbai – 400051, Mahara
Slide 2: Q2 & HY FY26 Results Presentation
l Q2 & HY FY26 Results Presentation 1
Slide 3: Disclaimer
Disclaimer 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, fairn
Slide 4: Index
Index RESULT HIGHLIGHTS 4 OPERATIONAL HIGHLIGHTS 12 FINANCIAL STATEMENT 15 ANNEXURE 19 Avantl' A� � Feeds Limited 3
Slide 5: Result Highlights
“i | RESULT HIGHLIGHTS si 2 Amer ee © 4 os
Slide 6: Quarterly Consolidated Highlights
Quarterly Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT(INR mn) PAT (%) 200 150 19% 37% 39% bps bps 20,000 3,000 1,688 12.0% 18.0% 1,800 18,000 16,097 2,433 16.0% 15.1% 1,600 10.2% 2,500 10.0% 8.7% 16,000 13,521 14.0% 13.1% 1,400 1,215 14,000 2,000 1,780 12.0% 1,200 8.0% 1
Slide 7: Half Yearly Consolidated Highlights
Half Yearly Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT(INR mn) PAT (%) 13% 37% 280 bps 37% 190 bps 12.0% 10.7% 4,000 40,000 6,000 18.0% 32,160 15.8% 3,545 35,000 5,086 16.0% 3,500 10.0% 5,000 8.8% 30,000 14.0% 13.0% 3,000 3,727 2,590 28,554 8.0% 4,000 12.0% 2,500 25,000
Slide 8: Quarterly & Half Year Results Snapshot
Quarterly & Half Year Results Snapshot Consol Profit & Q2FY26 Q2FY25 Y-o-Y Q1FY26 Q-o-Q HY 26 HY 25 Y-o-Y Loss (Rs mn) Segment Revenues Consolidated Revenues in Q2FY26 Shrimp Feed 11,582.0 10,763.8 7.6% 12,352.1 -6.2% 23,934.0 23,459.6 2.0% 1 Shrimp Processing 4,514.9 2,757.7 63.7% 3,711.6 21.6% 8,2
Slide 9: Management Commentary
Management Commentary Shrimp Feed In Q2FY26, Shrimp feed revenues grew by 7.6% YoY from Rs.10,764 Mn and when compared with Q1 FY26 dropped by 6.2% from Rs.12,352 Mn. EBIT in Q2FY26 came in at Rs 2,280 Mn from Rs.1,625 Mn YOY with strong margins at 19.68%. Shrimp Processing & Export Shrimp processin
Slide 10: Processed Shrimp Sales % By Regions
Processed Shrimp Sales % By Regions Q2FY25 Q1FY26 Q2FY26 15.9% 9.7% 12.5% ASIA ASIA 23.9% ASIA 9.5% EUROPE EUROPE 17.2% EUROPE NORTH NORTH NORTH AMERICA 66.4% 66.9% AMERICA 78% AMERICA FY24 (12M) FY25 (12M) FY26 (6M) 14.3% 6.5% 12.8% ASIA ASIA ASIA 10.1% 13.6% EUROPE EUROPE 17.4% EUROPE NORTH NORTH
Slide 11: Overview of Shrimp Revenues
Overview of Shrimp Revenues EBITDA and EBIDTA% 2,500 18.7% 25.0% 19.3% 19.3% 2,000 16.5% 16.5% 15.8% 20.0% 12.5% 13.6% 1,500 15.0% 2,316 1,999 1,999 1,825 1,727 1,727 1,000 10.0% 1,590 1,465 500 5.0% - 0.0% Q3_FY24 Q4_FY24 Q1_FY25 Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 EBITDA EBITDA% PAT and PAT% 1
Slide 12: Overview of Processed Shrimp Revenues
Overview of Processed Shrimp Revenues EBITDA and EBIDTA% 700 18.0% 14.4% 13.7% 15.3% 13.5% 16.0% 11.4% 600 14.0% 8.3% 9.1% 500 12.0% 400 7.6% 10.0% 300 608 8.0% 464 393 6.0% 357 315 338 200 268 267 4.0% 100 2.0% - 0.0% Q3_FY24 Q4_FY24 Q1_FY25 Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 EBITDA EBITDA% PA
Slide 13: Operational Highlights
OPERATIONAL HIGHLIGHTS
Slide 14: Operational Highlights - Quarterly
Operational Highlights - Quarterly Particulars Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Production (MT) Shrimp Feed 1,28,367 1,15,018 1,32,079 1,53,293 1,34,476 1,30,284 1,40,423 1,53,203 1,52,743 Shrimp Processing 3,643 3,398 2,920 4,524 3,815 4,073 3,836 4,500 3,637 Sales (MT
Slide 15: Operational Highlights – Fiscals & Half year
Operational Highlights – Fiscals & Half year Particulars FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 HY FY25 HY 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 2,87,769 3,05,946 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 13,246 16,
Slide 16: Financial Statements
< FINANCIAL STATEMENTS
Slide 17: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Consolidated Profit & Loss (INR mn) Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Income from Operations 12,784.9 12,532.3 12,835.1 15,032.7 13,521.5 13,627.7 13,821.4 16,063.6 16,096.9 Other Income 335.2 337.2 364.5 346.9 417.7 391.3 498.9 506.3
Slide 18: Profit & Loss Statement – Fiscals & Half year
Profit & Loss Statement – Fiscals & Half year Consolidated Profit & Loss (INR mn) FY20 FY21 FY22 FY23 FY24 FY25 HY FY25 HY FY26 Income from Operations 41,152.9 41,005.6 50,359.6 50,869.9 53,688.9 56,003.2 28,554.1 32,160.5 Other Income 702.3 925.8 816.7 920.2 1,362.7 1,654.8 764.6 1,000.7 Total Inco
Slide 19: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios Consolidated Balance Sheet (INR mn) FY20 FY21 FY22 FY23 FY24 FY25 Share capital 136 136 136 136 136 136 Res erves and Surplus 15,811 19,759 21,338 23,632 26,756 31,612 Non-current liabilities 218 193 178 347 585 550 Current liabilities 2,634 2,734 3,510 3,231 3,505 4,529 T
Slide 20: Annexure
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Slide 21: Stock Information
Stock Information • Market cap (INR) – ~100 bn (As on 11th November 2025) • BSE code: 512573 • Shares outstanding – 136 mn (As on 30th Sept ,2025) • NSE code: AVANTIFEED Shareholding Pattern as on 30th Sep, 2025 Relative stock price vs BSE Sensex As on 11th November , 2025 21.39% 172 43.23% 4.19% 13
Slide 22: Thank You
• :1 Avanti® Feeds Limited THANK THANKYOU! YOU! Mrs. B. Santhi Ms. Lakshmi SharmaLatha +91-40-23310260 +91-40-23310260 investors@avantifeeds.com investors@avantifeeds.com ... � Avanti® G2,Concord G2, Concorde Apartments,6-3-658,Somajiguda Apartments, ..-......, Feeds Limited 6-3-658, Somajiguda,Hyde