Avanti Feeds Q4 Review - Higher Shrimp Feed Sales Augur Well For Shrimp Exports: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Takeaways from Avanti Feeds Ltd.'s Q4 FY21:
1. Likely reduction in shrimp off-take by hotel-restaurant-cafe sector in key market of USA impacted processed shrimp segment. It reported revenue decline of 22.8% YoY,
2. shrimp feed reported 15.2% revenue growth indicating strong cultivation of shrimps which augurs well for FY22. We believe the company is well poised to gain market shares in shrimp feed from smaller exporters and
3. with higher input prices, there will be pressure on near term margins but we model the company to pass on additional costs via price hikes with a lag effect.
Click on the attachment to read the full report:
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 author entity 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.