Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q3 FY2026 Earnings Presentation
22 slides from Avanti Feeds's earnings presentation, Mar 2, 2026
Slide 1: Aiding Sustainability & Reliability to Aquaculture
�1 Avanti a r Feeds Limited Aiding Sustainability & Reliability to Aquaculture March 02, 2026 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, Maharasht
Slide 2: Q3 & 9M FY26 Results Presentation
l ( Q3 & 9M FY26 Results Presentation �� Avanti® ...-....., Feeds Limited 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 .i Avanti® � 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 (%) 270 130 14,000 1% 20% bps 16% 2,000 bps 14.0% 13,835 3,000 13,900 1,800 20.0% 17.3% 11.3% 2,387 12.0% 1,635 1,600 18.0% 10.0% 2,500 13,800 13,658 16.0% 1,400 1,995 1,408 10.0% 14.0% 2,000 1,200 14.6% 1
Slide 7: 9 Month Ended Consolidated Highlights
9 Month Ended Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT(INR mn) PAT (%) 9% 31% 270 23% 170 bps 11.5% bps 47,000 6,000 10.9% 18.0% 45,996 8,000 7474 16.2% 5,179 11.0% 16.0% 46,000 5,000 13.5% 7,000 5,721 3,999 10.5% 14.0% 45,000 6,000 4,000 12.0% 10.0% 44,000 5,000 10.0
Slide 8: Quarterly & 9 month ended Results Snapshot
Quarterly & 9 month ended Results Snapshot Consol Profit & Q3FY26 Q3FY25 Y-o-Y Q2FY26 Q-o-Q 9M FY26 9M FY25 Y-o-Y Loss (Rs mn) Segment Revenues Consolidated Revenues in Q3FY26 Shrimp Feed 9,442.08 10,447.22 -9.6% 11,581.94 -18.5% 33,376.07 33,966.24 -1.74% 1 grew 1.3% YoY at Rs 13,835 Mn, Shrimp Pro
Slide 9: Management Commentary
Management Commentary Shrimp Feed In Q3FY26, Shrimp feed revenues dropped by 9.6% YoY from Rs.9442 Mn. EBIT in Q3FY26 came in at Rs 2,230 Mn from Rs.1,845 Mn YOY with strong margins at 11.80%. Shrimp Processing & Export Shrimp processing revenue continued to show robust growth, increased by 37% YoY
Slide 10: Processed Shrimp Sales % By Regions
Processed Shrimp Sales % By Regions Q3FY25 Q2FY26 Q3FY26 1.0% AFRICA 14.2% 15.9% ASIA 19.5% ASIA ASIA EUROPE EUROPE 17.5% EUROPE 17.2% NORTH NORTH 15.0% 68.3% AMERICA AMERICA 66.9% 64.5% NORTH AMERICA FY24 (12M) FY25 (12M) FY26 (9M) AFRICA 0.3% 6.5% 12.8% ASIA 15.9% ASIA ASIA 10.1% EUROPE 17.4% EURO
Slide 11: Overview of Shrimp Revenues
Overview of Shrimp Revenues EBITDA and EBIDTA% 18.7% 2,500 25.0% 19.3% 19.3% 19.0% 2,000 12.5% 16.5% 15.8% 20.0% 1,500 13.6% 15.0% 2,316 1,999 1,999 1,825 1,794 1,727 1,000 10.0% 1,590 1,465 500 5.0% - 0.0% Q4_FY24 Q1_FY25 Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_FY26 EBITDA EBITDA% PAT and PAT% 1
Slide 12: Overview of Processed Shrimp Revenues
Overview of Processed Shrimp Revenues EBITDA and EBIDTA% 15.3% 700 18.0% 600 13.7% 13.5% 13.5% 16.0% 500 11.4% 14.0% 9.1% 12.0% 400 8.3% 7.6% 10.0% 300 608 592 8.0% 393 6.0% 357 338 200 100 315 268 267 4.0% 2.0% - 0.0% Q4_FY24 Q1_FY25 Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_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 Q3FY26 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 1,22,634 Shrimp Processing 3,643 3,398 2,920 4,524 3,815 4,073 3,836 4,500
Slide 15: Operational Highlights – Fiscals & 9 Month Ended
Operational Highlights – Fiscals & 9 Month Ended Particulars FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 9M FY25 9M 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 4,18,053 4,28,580 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 13,246
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 Q3FY26 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 13,835.2 Other Income 335.2 337.2 364.5 346.9 417.7 39
Slide 18: Profit & Loss Statement – Fiscals & 9 Months
Profit & Loss Statement – Fiscals & 9 Months Consolidated Profit & Loss (INR mn) FY20 FY21 FY22 FY23 FY24 FY25 9M FY25 9M FY26 Income from Operations 41,152.9 41,005.6 50,359.6 50,869.9 53,688.9 56,003.2 42,271.2 45,995.7 Other Income 702.3 925.8 816.7 920.2 1,362.7 1,654.8 1,155.9 1,631.2 Total Inc
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) – ~184 bn (As on 25th February 2026) • BSE code: 512573 • Shares outstanding – 136 mn (As on 31st Dec ,2025) • NSE code: AVANTIFEED Shareholding Pattern as on 31st Dec, 2025 Relative stock price vs BSE Sensex As on 25th February , 2026 20.42% 260 Avanti Feeds Lim
Slide 22: Thank You
A a :1 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 G2,Concord Apartments,6-3-658,Somajiguda 6-3-658, Somajiguda,Hyderabad - 500082,Telangana,India .� Avanti® G2, Concorde � Fee