KRChoksey: Avanti Feeds Expects Global Shrimp Demand To Decline 10-15%

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

KRChoksey Report

Avanti Feeds global shrimp demand may decline 10-15% in this year as there will be lower off-take by HoReCa (Hotel Restaurant Cafe) and lower cultivation and processing of shrimps. Though there will be higher impact in H1FY21, the demand is expected to recover in H2FY21

Prior to Covid-19, Avanti used to sell 60-70% of shrimps to food service companies aggregators and rest in retail markets. With lockdown, the off-take by retail outlets has increased. Company’s current revenue breakup is 15% sales to food service companies and rest to retail outlets.

Click on the attachment to read the full report:

ICICI Securities Avanti_updt_Jul20 (002).pdf

Read Document

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.