A weak second quarter for Avanti Feeds was the results of delayed commissioning of recent feed vegetation and inflation in key enter prices.


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In a post-earnings convention name with traders on Friday, Avanti Feeds stated it noticed demand issues within the US, Europe and China. In line with the administration, farmers are contemplating a crop vacation within the first half of calendar 12 months 2023, which may harm the demand for fodder.

A weak second quarter for Avanti Feeds was the results of delayed commissioning of recent feed vegetation and inflation in key enter prices.

The corporate acknowledged dropping market share in the course of the quarter, saying it didn’t capitalize on sturdy demand for shrimp feed. The pricing of the state authorities was additionally a significant downside.

“Sadly, poultry feed was probably the most worthwhile product. However within the first half it has turn out to be a loss product. This triggered us a variety of loss in Bangladesh,” stated MD Balram Singh Yadav in the course of the earnings name.

For the September quarter, Avanti Feeds reported 7.8 per cent income development and 71 per cent bounce in internet revenue attributable to a decrease base.

Shares of Avanti Feeds closed at Rs 398, down 6.1 per cent.

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