Shrimp Feed
- Shrimp Feed sales in Q2FY25 was 1,34,897 MT as compared to 1,27,864 MT in Q2FY24 an increase of 6% YoY.
- The ₹2,616 crore allocation for the Fisheries sector in the Union Budget 2024 is set to boost R&D in aquaculture, focusing on sustainable and efficient shrimp feed development. These initiatives are poised to benefit companies like Avanti Feeds Ltd. strengthening their growth prospects.
Shrimp Processing & Export
- Shrimp exports recorded a 16% YoY growth in Q2FY25, reaching 3,423 MT compared to 2,950 MT in Q2FY24.
- Processed shrimp sales volumes also saw significant growth, with the EU’s market share increasing sharply to 19% in Q2FY25, up from just 4% in Q2FY24, reflecting strong demand from the region.
Ebidta margins in shrimp feed is on rise but margins in processed shrimp still declines, despite increase in shrimp cost reported all over in the news.
One thing good to see is that now company is diversifying its export geography. It will make it less dependent on US.
Overall I will continue to hold Avanti feeds. My buying price is 398 and holding it for almost 1 year.
Questions:
What is the maximum Ebita margin of shrimp feed that it can fetch in current cycle? In fy18 it has recorded 24 % ebit margin. All views are invited.
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