Investor Presentation

August 26, 2026 To To BSE Limited, National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Towers, Bandra (East), Dalal Street, Mumbai – 400001, Mumbai – 400051, Maharashtra, India. Maharashtra, India. BSE Code: 512573 NSE Code: AVANTIFEED Dear Sir/Madam, Subject: Investor Presentation for Q1 FY 2027 Results. Ref: AFL – Letter of Intimation of Investors Conference call scheduled to be held on Thursday, August 27, 2026, at 04:00 P.M. (IST). Pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our letter dated August 21, 2026, we are enclosing herewith the presentation for the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026. Please take the same on record. Thanking you. Yours faithfully, For Avanti Feeds Limited C. Ramachandra Rao Joint Managing Director, Company Secretary and Compliance Officer DIN:00026010 As Enclosed: Q1-FY27 Results Presentation Disclaimer This presentation has been prepared by Avanti Feeds Limited based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. Certain matters discussed in this presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward looking statements. Such forward looking statements are not guarantees for future performance and or subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict. These risks and uncertainties include but are not limited to, performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and worldwide, competition, the company’s ability to successfully implement its strategy, company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, withdrawal of governmental fiscal incentives, the company’s market preferences and its exposure to market risks, as well as other risks. Index RESULT HIGHLIGHTS RESULT HIGHLIGHTS 4 OPERATIONAL HIGHLIGHTS OPERATIONAL HIGHLIGHTS 11 FINANCIAL STATEMENT 14 FINANCIAL STATEMENT 14 ANNEXURE 18 ANNEXURE 18 https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png RESULT HIGHLIGHTS Quarterly Consolidated Highlights https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT(INR mn) PAT (%) -750 -530 18% -35% -37% 25,000 bps bps 25.0% 18,999 16.0% 20,000 16,064 20.0% 2,000 1,857 14.0% 3,000 2,653 16.5% 1,800 12.0% 11.2% 15,000 2,500 15.0% 1,600 10.0% 1,400 1,163 2,000 10,000 1,716 9.0% 1,200 8.0% 5.9% 10.0% 1,000 1,500 6.0% 5,000 1,000 5.0% 600 4.0% 500 2.0% - - 0.0% - 0.0% Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Quarterly & Fiscal Results Snapshot https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Consol Profit & Loss (Rs Q1FY27 Q1FY26 Y-o-Y Q4FY26 Q-o-Q Segment Revenues Consolidated Revenues in Q1FY27 Shrimp Feed 15,661.6 12,352.1 26.8% 10,402.2 50.6% grew 18.3% YoY at Rs 18,999 Mn, Shrimp Processing 3,337.1 3,711.6 -10.1% 4,275.0 -21.9% mainly aided by strong volume growth in shrimp Feed business. Revenues from 18,998.6 16,063.6 18.3% 14,677.2 29.4% operations EBIT declined by Rs.914 Mns at COGS 15,775.3 11,659.3 35.3% 10,999.7 43.4% 36.8% YoY Impacted by elevated Op. expenses 2,164.8 2,263.1 -4.3% 2,030.2 6.6% 2 raw material prices. Operating Profits 1,058.6 2,141.3 -50.6% 1,647.3 -35.7% Other income 657.1 506.2 29.8% 484.8 35.5% Profit after Tax dropped by 37.4% Depreciation 144.3 162.1 -11.0% 151.9 -5.0% 3 EBIT 1,571.5 2,485.4 -36.8% 1,980.2 -20.6% YoY to Rs. 1,163 Mn from Rs.1,857 Mn with margins at 6.1%. 4.7 5.2 -8.0% 11.4 -58.4% Interest expenses Exceptional Item 0.0 0.0 NA -129.7 NA EPS dropped to 7.58 per share YoY PBT 1,566.7 2,480.3 -36.8% 1,839.1 -14.8% from Rs.13.09 per share. Taxes 403.7 629.5 -35.9% 450.6 -10.4% 1,163.1 1,850.8 -37.2% 1,388.6 -16.2% Profit after Taxes (PAT) Profit/Loss on shr of 0.00 5.95 -100.0% 0.0 #DIV/0! associate/ 1,163.1 1,856.8 -37.4% 1,388.6 -16.2% PAT (after shr associate) EPS 7.58 13.09 -42.1% 9.19 -17.5% NP % Sales 6.1% 11.6% -550 bps 9.5% -340 bps Management Commentary https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Shrimp Feed In Q1FY27, Shrimp feed revenues grew by 26.8% YoY from Rs.12,352 Mn to Rs.15,661 Mn. PBT in Q1FY27 came in at Rs 1,112 Mn from Rs.2,235 Mn YOY with margins at 5.3% due to increasing Raw Material prices. Shrimp Processing & Export Shrimp processing revenue declined 10% YoY to Rs. 3,337 Mn in Q1FY27 from 3,712 Mn in Q1FY26, primarily driven by a 17% decline in sales volume. EBITDA margin improved to 16% in Q1FY26 from 9% in Q1FY26, supported by favourable FX movements, improved average selling price realisation and higher contribution from other income. Processed Shrimp Sales % By Regions https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Q1FY26 Q4FY26 Q1FY27 0.9% AFRICA 0.5% AFRICA 12.5% ASIA 19.5% 20.6% 9.5% ASIA ASIA EUROPE EUROPE EUROPE 16.3% 16.3% NORTH 62.6% 63.3% NORTH 78% AMERICA NORTH AMERICA AMERICA FY24 (12M) FY25 (12M) FY26 (12M) 6.5% 0.4% AFRICA 12.8% ASIA 16.7% ASIA 10.1% ASIA 17.4% 14.6% EUROPE EUROPE EUROPE NORTH NORTH 68.3% NORTH AMERICA 69.8% 83.4% AMERICA AMERICA Overview of Shrimp and Other Revenues https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png EBITDA and EBIDTA% 18.7% 2,500 19.4% 19.0% 25.0% 15.8% 16.5% 2,000 13.6% 13.8% 20.0% 7.5% 1,500 15.0% 2,316 1,000 1,727 1,999 1,825 1,796 10.0% 1,465 1,437 1,181 500 5.0% - 0.0% Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_FY26 Q4_FY26 Q1_FY27 EBITDA EBITDA% PAT and PAT% 1,800 13.5% 13.1% 12.8% 16.0% 11.7% 1,600 10.8% 14.0% 1,400 9.1% 9.6% 12.0% 1,200 5.1% 10.0% 1,000 1,670 8.0% 800 1,264 1,442 1,294 1,272 6.0% 600 1,015 1,030 400 825 4.0% 200 2.0% - 0.0% Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_FY26 Q4_FY26 Q1_FY27 PAT PAT% Overview of Processed Shrimp Revenues https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png EBITDA and EBIDTA% 16.0% 700 18.0% 600 13.5% 13.5% 13.2% 16.0% 11.4% 14.0% 8.3% 9.1% 12.0% 400 7.6% 10.0% 300 608 592 566 535 8.0% 6.0% 200 315 338 268 267 4.0% 100 2.0% - 0.0% Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_FY26 Q4_FY26 Q1_FY27 EBITDA EBITDA% PAT and PAT% 450 9.7% 12.0% 400 8.5% 8.0% 8.0% 10.0% 350 7.0% 300 8.0% 250 4.4% 4.9% 200 3.6% 394 363 359 338 6.0% 150 4.0% 100 200 144 130 188 2.0% - 0.0% Q2_FY25 Q3_FY25 Q4_FY25 Q1_FY26 Q2_FY26 Q3_FY26 Q4_FY26 Q1_FY27 PAT PAT% https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png OPERATIONAL HIGHLIGHTS Operational Highlights - Quarterly https://cdn4.iconfinder.com/data/icons/pictype-free-vector-icons/16/home-512.png Particulars Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Production (MT) Shrimp Feed 1,32,079 1,53,293 1,34,476 1,30,284 1,40,423 1,53,203 1,52,743 1,22,634 1,39,407 1,76,316 Shrimp Processing 2,920 4,524 3,815 4,073 3,836 4,500 3,637 4,413 4,071 4,442 Sales (MT) Shrimp Feed 1,22,278 1,58,591 1,34,897 1,32,049 1,29,711 1,65,564 1,54,644 1,18,127 1,23,725 1,93,852 Shrimp Processing 3,846 2,783 3,423 3,843 4,100 4,223 4,862 3,767 4,124 3,520 Particulars (INR mn) Shrimp Feed revenues 9,967.0 12,695.8 10,763.8 10,417.5 10,323.4 12,352.0 11,581.9 9,442.1 10,402.2 15,661.6 EBITDA 1,266.4 1,590.3 1,465.2 1,726.6 1,999.1 2,315.7 1,824.9 1,795.6 1,436.8 1,181.4 % Margins 12.7 12.5 13.6 16.5 19.4 18.8 15.8 19.0 13.8 7.5 Particulars (INR mn) Shrimp [Showing first 8,000 characters — download PDF for full document]