Venky's India quarterly profit soars on cheaper feed costs, poultry rebound

Venky's (India)

09/02/2026 08:59

Feb 9 (Reuters) - Venky's India VENK.NS posted a third-quarter net profit that more than doubled on Monday, helped by cheaper chicken feed and a return to growth in its poultry business.

The poultry company reported a net profit of 485.8 million rupees ($5.36 million) for the quarter ended December 31, compared with 203.8 million rupees a year earlier.

Prices of maize, soya bean and millet — the main ingredients in chicken feed — were lower during the third quarter, a company executive said on an earnings call.

Venky's total expenses increased 4%, slower than the 9% growth seen in the previous quarter.

Overall revenue rose 8% to 9.6 billion rupees during the quarter, led by a 20% growth in its oilseed business, which sells edible refined soya oil and soya cake, and a return to growth in its poultry sales.

Higher prices of chicken drove an improvement in the company's poultry business, Venky's said, without providing further details.

The segment, which makes up more than half of Venky's revenue, had declined sharply over the previous two quarters, as market broiler birds declined amid higher supply.

($1 = 90.6020 Indian rupees)

 (Reporting by Komal Salecha in Bengaluru and Praveen Paramasivam in Chennai; Editing by Subhranshu Sahu)

 ((komal@thomsonreuters.com; 6354975591))