Avanti Feeds reported Q1FY18 result much ahead of expectations. Revenue and Net profit surged by 37.8% and 203.8% respectively on YoY basis led by strong demand for shrimp feeds and processed shrimps. The current market share of Avanti Feeds is ~43% and management is aiming to increase it to 50-55% over the next two years. It is likely to emerge as the biggest beneficiary of the rising feed demand and could become the largest shrimp exporter in the world in the coming few years.