Avanti Feeds Ltd is a leading integrated aquaculture solutions provider, specializing in shrimp feed, shrimp processing, and hatchery operations, headquartered in Andhra Pradesh, India.
Founded in 1993 by Sri Alluri Venkateswara Rao, the company has grown to become a global player in aquaculture, with operations spanning feed production, shrimp processing, and pet nutrition.
The company expanded into pet nutrition in 2025 with the launch of the Avant Furst brand, targeting India's growing pet food market.
Shrimp feed production: India's largest shrimp feed producer with 5.75 lakh MT annual capacity (FY2025) and 5.55 lakh MT guidance for FY2026.
Shrimp processing and exports: 36,000 MT annual capacity across three facilities, with FY2025 exports of 14,149 MT and guidance for 16,500 MT in FY2026.
Hatchery operations: 600 million post-larvae (PL) production capacity to support shrimp farming.
Pet nutrition: Launched Avant Furst cat and dog food in 2025, with plans for manufacturing expansion in Hyderabad.
Growth thesis
Avanti Feeds produces shrimp feed, processes frozen shrimp for export, and operates a growing pet food division. Feed sales guidance of 5.55 lakh MT for FY26 reflects 52-53% market share, with PBT margins stabilizing at 14.5-15% despite rising fish meal (INR 145/kg) and soya bean meal (INR 56/kg) costs. Shrimp exports target 16,500 MT in FY26, supported by 15% customs duty protection and diversification into EU/UK markets (trade deals expected in 6-9 months). Pet food revenue grew 43% YoY in Q3 FY26 and will scale via a Hyderabad plant starting FY27. Operating leverage is achievable through higher feed volumes (10%+ growth in FY27 if stocking remains favorable) and margin normalization as raw material prices stabilize, with 28,000 MT processing capacity fully utilized.
Why is Avanti Feeds Limited stock rising?
Feed sales guidance for FY26 estimated at 5,55,000 MT
Shrimp processing and export volume guidance for FY26 estimated at 16,500 MT
Pet food brand Avant Furst expanding into Tier-2 and Tier-3 markets, with products now live on Supertails and Amazon
Pet food manufacturing facility near Hyderabad: land development in progress, construction to commence after detailed project report and government approvals, target completion by end of FY27
Fish feed trials underway with imported feed from Thai Union Feed Mill; domestic production planned if product performance and commercial viability are proven in Indian conditions
Research report
companyname: Avanti Feeds Limited
ticker: AVANTIFEED
sector: Aquaculture / Shrimp Feed & Processing
Avanti Feeds is India's largest shrimp feed producer and a leading seafood exporter. It controls a significant portion of the Indian shrimp value chain, from feed manufacturing to hatchery operations and shrimp processing for export. The company manufactures scientifically formulated shrimp feed for domestic farmers, supplies high-quality post-larvae from its hatchery, processes frozen shrimp for...
capex, regulatory approval, new product segment, geographic expansion
Growth guidance
Feed sales: ~5.55 lakh MT for FY26; Shrimp exports: ~16,500 MT for FY26
Guidance downgraded
Management consistency
consistent
RS rating: 8Stage: Stage 4
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