Avanti Feeds reports 4.4% revenue growth, expands into pet food

Avanti Feeds Limited reported consolidated revenue of ₹5,778 crore, up 4.4% year-on-year, with profit after tax reaching ₹557 crore. The company declared a final dividend of ₹9 per share.

The aquaculture company is diversifying beyond its core shrimp feed business, launching new fish feed products and entering the pet food segment with its 'Avant Furst' brand.

Avanti commissioned a new shrimp processing plant in Krishnapuram, Andhra Pradesh, with 7,000 MT capacity. Volume sales of shrimp feed rose to 555,247 MT while processed shrimp sales reached 14,149 MT.