Avanti Feeds Ltd (NSE:AVANTIFEED)
₹ 580.8 6.5 (1.13%) Market Cap: 79.10 Bil Enterprise Value: 64.95 Bil PE Ratio: 20.76 PB Ratio: 3.33 GF Score: 92/100
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Q1 2025 Avanti Feeds Ltd Earnings Call Transcript

Aug 09, 2024 / 10:30AM GMT
Release Date Price: ₹771.3 (+15.43%)

Key Points

Positve
  • Gross income for Q1 FY25 increased by 16.7% compared to Q4 FY24.
  • PBT for Q1 FY25 increased by 19.2% compared to Q4 FY24.
  • Feed sales volume increased significantly in Q1 FY25 compared to Q4 FY24.
  • India's seafood exports reached an all-time high in volume during FY24.
  • The company is expanding into the pet food market with a new joint venture.
Negative
  • Gross income for Q1 FY25 decreased by 2.84% compared to Q1 FY24.
  • Shrimp processing and export division saw a decrease in gross income by 18% compared to Q4 FY24.
  • Raw material prices, such as fish meal and wheat flour, are highly volatile and impact margins.
  • Floods and disease outbreaks negatively affected shrimp culture in Q1 FY25.
  • The company faces challenges from potential competition due to reduced customs duties on shrimp feed imports.
Operator

Good evening, ladies and gentlemen. I'm Palshya, moderator for the conference call. Welcome to Avanti Feeds Limited Q1 FY25 earnings conference call. We have with us today Mr. A. Indra Kumar, Chairman and MD; Mr. C. Ramachandra Rao, Joint Managing Director; Mr. A. Venkata Sanjeev, Executive Director; Mr. Alluri Nikhilesh, Executive Director, Avanti Frozen Foods Private Limited; Mrs. Santhi Latha, GM Finance and Accounts; Ms. Lakshmi Sharma, Senior Manager, Corporate Office; Mr. D.V.S. Satyanarayana, CFO, Avanti Frozen Foods Private Limited.

(Operator Instructions) Please note that this conference is recorded. I would now like to hand over the floor to management for the opening remarks. Thank you, and over to you.

C Ramachandra Rao
Avanti Feeds Ltd - Joint Managing director

Thank you, Palshya. Good evening, ladies and gentlemen. -- I'm C. Ramachandra Rao, Joint Managing Director, Avanti Feeds. I am pleased to extend a warm welcome to all of you by this investor conference call to review the unaudited financial results for Q1 FY25.

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