Any current/future capex/capital investment/strategic investment?

The company has received approval for a Grant in Aid under the Operation Green Scheme for a new shrimp processing plant at Krishnapuram, with a maximum grant of INR 10 crores. The first installment (1/3rd of the Grant) is due from the Ministry, and all relevant documents have been submitted; project updates and geotagged photos were shared in June 2024. The company is eligible for Production Linked Incentive (PLI) scheme incentives up to INR 79.44 crores for incremental sales from FY21-22 to FY26-27, and has received INR 16.77 crores till September 2024. The incentive claim for FY 23-24 will b

Future growth expectations in sales/revenue/volumes?

Avanti Feeds expects shrimp feed sales volumes to be around last year's level of approximately 540,000 MT, plus or minus 5%. Revenue growth is anticipated to be stable, with feed sales this year likely to remain similar to last year's figures. Positive margin expectations due to a softening in raw material costs, potentially improving profitability. The outlook is cautiously optimistic, considering market volatility and seasonal factors, e.g., new crop sales expected to start late January or early February. Global shrimp demand remains strong and is projected to grow long term, supporting sust

Future growth expectations in earnings/operating earnings/profits/EPS?

Feed sales volume expected to be stable around last year’s level of ~540,000 MT, with a +/- 5% variation. Raw material price softening anticipated to improve margins compared to the previous year. Market conditions remain volatile; growth visibility depends on shrimp crop cycles starting late January/early February. Government incentives and Production Linked Incentive (PLI) schemes provide positive support for future growth. Current quarter PBT was impacted by increased raw material costs, ocean freight, and customs duties, but management expects margin improvement if raw material pri

Avanti FeedsQ2 FY25Food Products

Avanti Feeds Q2 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹712P/E: 19.1Market Cap: ₹10.3K CrSector: Food Products

Management growth scorecard

Revenue

Category 4

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 4

Avanti Feeds expects shrimp feed sales volumes to be around last year's level of approximately 540,000 MT, plus or minus 5%.
Revenue growth is anticipated to be stable, with feed sales this year likely to remain similar to last year's figures.
Positive margin expectations due to a softening in raw material costs, potentially improving profitability.
The outlook is cautiously optimistic, considering market volatility and seasonal factors, e.g., new crop sales expected to start late January or early February.
Global shrimp demand remains strong and is projected to grow long term, supporting sustained sales.
Government incentives (PLI Scheme, Operation Green) and recent budgetary support are expected to aid growth.
The company aims to remain competitive against foreign imports and plans to engage with the government on customs duty matters to support domestic growth.

Margin guidance

Category 3

Feed sales volume expected to be stable around last year’s level of ~540,000 MT, with a +/- 5% variation.
Raw material price softening anticipated to improve margins compared to the previous year.
Market conditions remain volatile; growth visibility depends on shrimp crop cycles starting late January/early February.
Government incentives and Production Linked Incentive (PLI) schemes provide positive support for future growth.
Current quarter PBT was impacted by increased raw material costs, ocean freight, and customs duties, but management expects margin improvement if raw material prices remain soft.
Shrimp processing division sales increased, indicating growth potential in that segment.
Positive outlook hinged on government policy support and market conditions stabilizing.
Management hopes for favorable customs duty outcomes in next budget, which may improve cost structure and profitability.

See what Avanti Feeds management said on margin guidance — free account, 30 seconds.

Fundraise plans

The transcript from the Avanti Feeds Limited Q2 H1 FY25 Earnings Conference Call does not mention any current or planned fundraising through debt or equity. There is no discussion or indication of new fundraising activities in the provided pages of the transcript.

Order book

The transcript pages provided from Avanti Feeds Limited's Q2 H1 FY25 Earnings Conference Call do not explicitly mention details about the current or expected order book or pending orders. The discussion primarily covers topics such as: - Feed sales volume expected to be around 540,000 MT, similar to last year. - Positive margin expectations due to softening raw material prices. - Shrimp processing relying on local shrimp procurement, not imports. - Impact of government customs duties and representations made to avoid duty reductions on imports. - Global shrimp demand outlook and pricing factors. - Payment of Countervailing Duty (CVD) and related accounting. No specific quantitative or qualitative details about the current or expected order backlog or pending orders are discussed or disclosed in the transcript.

See what Avanti Feeds management said on order book — free account, 30 seconds.

Capex plans

Yes

The company has received approval for a Grant in Aid under the Operation Green Scheme for a new shrimp processing plant at Krishnapuram, with a maximum grant of INR 10 crores.
The first installment (1/3rd of the Grant) is due from the Ministry, and all relevant documents have been submitted; project updates and geotagged photos were shared in June 2024.
The company is eligible for Production Linked Incentive (PLI) scheme incentives up to INR 79.44 crores for incremental sales from FY21-22 to FY26-27, and has received INR 16.77 crores till September 2024.
The incentive claim for FY 23-24 will be filed by December 2024.
Overall, Avanti Feeds is undertaking investments in new processing capacity and meeting PLI obligations, with project timelines ongoing and approvals in place.

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