Venky’s India posted a 60% drop in Q4 profit, as its poultry business margins shrank due to lower price realizations.
The Pune-based poultry company’s profits dropped to USD 1.6 million in the quarter ended March 31 from the year-ago USD 3.9 million, Reuters reported.
- Its poultry and poultry products business, which accounts for about 54% of the total revenue, reported a 89% drop in profit before tax and interest.
- The poultry business is involved in the production and sale of broiler and layer DOC.
- The company said its animal health products segment’s profit before tax and interest grew 5% year-on-year, and the oilseed segment business more than doubled in the reported quarter.
- The company’s overall revenue from operations fell 5.9% to USD 98.6 million.
Venky’s sells edible oil obtained from processing oilseed such as soy, while the by-product, the de-oiled cake, is sold or used as poultry feed.
New investments
Venky’s said it will foray into the ready-to-cook spices market with ready-mix powders and that it expects to begin commercial production by the end of the first quarter of fiscal year 2026. The project will cost about USD 1.9 million and will be fully funded through internal accruals.
The company will also expand capacity for its specific pathogen free (SPF) eggs production unit for USD 8.2 million.