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

Poultry industry expected to surpass pre-pandemic growth of 7-8%, driven by rising protein consumption. (P.G. Pedgaonkar) Feed Conversion Ratio (FCR) improved to 1.5-1.6 kg feed per kg live bird, enhancing productive efficiency and profitability. (P.G. Pedgaonkar) Soya bean business model ensures stability and sustainability in profits despite price volatility. (N.K. Toshniwal) Capacity utilization in SPF eggs expected to reach 85-90% by FY2022-23, with potential capacity expansions post full utilization. (J.K. Handa, P.G. Pedgaonkar) Solvent extraction and vegetable oil refinery project comme

Any current/future new fundraising through debt or equity?

There is no mention of any current or future fundraising through debt or equity in the provided transcript. The company has focused on reducing its term loan and working capital limits during the quarter to reduce interest costs. Venky’s has completed various expansion projects and achieved operational stability, which has helped improve the overall financial position. The net cash flow from operations was Rs.242.17 Crores, used judiciously to strengthen the financial position. No indications or plans for raising fresh capital through debt or equity were discussed during this call.

Future growth expectations in sales/revenue/volumes?

Poultry industry growth expected to surpass pre-pandemic 7-8% annual growth due to rising protein consumption (Page 13). Venky's aims for poultry feed and broiler volume growth, despite pandemic and bird flu challenges; Q4 poultry volume up 30% YoY (Page 9). Soya extraction capacity utilization expected to reach 60% in FY2022 and over 80% in FY2023 (Page 9). SPF egg capacity utilization projected to increase to 85-90% in FY2021-22 and optimum 90% by FY2022-23 (Page 10). Venky’s expects to scale new projects (e.g., solvent extraction plant) over about one year (Page 16). Market share

Venky's (India)Q4 FY21

Venky's (India) Q4 FY21 Earnings Call Analysis

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

Price: ₹1,725.9P/E: 14.0Market Cap: ₹2.4K Cr

Management growth scorecard

Revenue

Category 3

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 3

Poultry industry growth expected to surpass pre-pandemic 7-8% annual growth due to rising protein consumption (Page 13).
Venky's aims for poultry feed and broiler volume growth, despite pandemic and bird flu challenges; Q4 poultry volume up 30% YoY (Page 9).
Soya extraction capacity utilization expected to reach 60% in FY2022 and over 80% in FY2023 (Page 9).
SPF egg capacity utilization projected to increase to 85-90% in FY2021-22 and optimum 90% by FY2022-23 (Page 10).
Venky’s expects to scale new projects (e.g., solvent extraction plant) over about one year (Page 16).
Market share gains from small players uncertain due to seasonal operation by small players—gains not expected to be fully sustained long-term (Page 17).
Feed conversion efficiency improvements contribute to competitive advantage and support growth (Page 14).

Margin guidance

Category 3

Poultry industry expected to surpass pre-pandemic growth of 7-8%, driven by rising protein consumption. (P.G. Pedgaonkar)
Feed Conversion Ratio (FCR) improved to 1.5-1.6 kg feed per kg live bird, enhancing productive efficiency and profitability. (P.G. Pedgaonkar)
Soya bean business model ensures stability and sustainability in profits despite price volatility. (N.K. Toshniwal)
Capacity utilization in SPF eggs expected to reach 85-90% by FY2022-23, with potential capacity expansions post full utilization. (J.K. Handa, P.G. Pedgaonkar)
Solvent extraction and vegetable oil refinery project commercial production started April 2021, expected to scale up over next 1-2 years. (N.K. Toshniwal)
Government MSP interventions expected to keep raw material prices above MSP, reducing downside risks. (N.K. Toshniwal)
Overall, company expects sustainable growth via operational efficiency, product mix, capacity enhancements, and stable raw material sourcing.

See what Venky's (India) management said on margin guidance — free account, 30 seconds.

Fundraise plans

There is no mention of any current or future fundraising through debt or equity in the provided transcript.
The company has focused on reducing its term loan and working capital limits during the quarter to reduce interest costs.
Venky’s has completed various expansion projects and achieved operational stability, which has helped improve the overall financial position.
The net cash flow from operations was Rs.242.17 Crores, used judiciously to strengthen the financial position.
No indications or plans for raising fresh capital through debt or equity were discussed during this call.

Order book

The transcript does not explicitly mention current or expected order book or pending orders for Venky's India Limited. However, relevant insights that can be inferred related to demand and operations are: - Capacity utilization for Poultry and SPF eggs is expected to improve, with Poultry capacity utilization projected at 85%-90% by 2022-2023. - SPF egg capacity utilization is about 63% as of the call, with potential expansion plans after two years once existing capacity is fully utilized. - The oilseed solvent extraction plant started commercial production in April 2021, with expected capacity utilization of 60% in FY2022 and 80%+ by FY2023. - Market conditions like government MSP support and mitigating impacts of pandemic-related restrictions indicate continued demand stability. - No direct mention regarding backlog or pending order books was provided during the Q&A session.

See what Venky's (India) management said on order book — free account, 30 seconds.

Capex plans

Yes

- The third solvent extraction and vegetable oil refinery project at Shrirampur, Maharashtra, was completed and commenced commercial production as of April 1, 2021. - For the SPF (Specific Pathogen Free) eggs segment, after the recent 40% capacity expansion (started October 2020), management plans to review further expansion possibly after two years, post full utilization (85%-90%) of existing capacities. - The newly commissioned third extraction plant started production in April 2021; expected capacity utilization is 60% in FY2022 and over 80% in FY2023. - There is no mention of forward trading or speculative investments; the company emphasizes a day-to-day purchase and sales model focusing on sustainable business growth rather than speculation. - Further capacity expansions or strategic investments will be considered based on utilization and market conditions, especially in high-tech SPF and poultry segments. (Word count: 137)

Track Venky's (India) — get its next earnings analysis in your feed

How does Venky's (India) rank vs peers in ?

Pro feature

ThisVenky's (India)

Rev 3Mar 3

See where Venky's (India) sits in See which companies these are, and every other name in the sector.Open rankings

What Venky's (India)'s management said in earlier quarters

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Venky's (India) Q4 FY21 Earnings Call Analysis

Revenue guidance

Fundraise plans

Capex plans

Continue your research

What Venky's (India)'s management said in earlier quarters