BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Three takeaways from Avanti Feeds Ltd.’s Q1 FY21:
1. The demand for shrimp declined due to lower offtake by hotels, restaurants, cafes and pantry up-stocking by consumers in Q4 FY20,
2. Avanti Feeds is expected to gain market share from smaller shrimp exporters as well as shrimp feed manufacturers and
3. With stability in input prices, the Ebitda margin is likely to stabilize in 11-12% range in FY21-22 (FY20: 11%).
Slowdown in Avanti’s key market (USA) and lower offtake by HoReCa segment (approximately 50% shrimp consumption in USA) may hurt Avanti Feed’s exports.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR