{"id":320284,"date":"2026-10-21T13:26:27","date_gmt":"2026-10-21T07:56:27","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=320284"},"modified":"2026-10-21T13:26:27","modified_gmt":"2026-10-21T07:56:27","slug":"snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/","title":{"rendered":"3 Snacks, Ice Cream and Shrimp Feed Stocks With a Strong Future Roadmap: Bikaji Foods International, Vadilal Industries and Avanti Feeds"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Bikaji Foods International, Vadilal Industries and Avanti Feeds: ROE of 16.1% to 18.4% and FY22 to FY26 revenue CAGR of 5.2% to 21.2%. Prices as of 20 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three food and feed stocks to watch are Bikaji Foods International, Vadilal Industries and Avanti Feeds. Their return on equity ranges from 16.1% to 18.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.2% to 21.2%. Avanti Feeds has the highest return on equity at 18.4%, while Vadilal Industries has the fastest revenue growth at 21.2% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Food and feed stocks follow the products that fill plates and farms. Bikaji Foods International, Vadilal Industries and Avanti Feeds cover namkeen and snacks, ice cream and frozen foods, and shrimp feed with aquaculture exports.<\/p>\n<p>This list covers three food and feed stocks with complete current figures: Bikaji Foods International, Vadilal Industries and Avanti Feeds. Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#What_Are_Food_and_Feed_Stocks\" title=\"What Are Food and Feed Stocks?\">What Are Food and Feed Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Food_and_Feed_Stocks_at_a_Glance\" title=\"Food and Feed Stocks at a Glance\">Food and Feed Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Why_Do_Food_and_Feed_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Food and Feed Stocks Have a Strong Roadmap in India?\">Why Do Food and Feed Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Why_Bikaji_Foods_International_Features_Among_These_Food_and_Feed_Stocks\" title=\"Why Bikaji Foods International Features Among These Food and Feed Stocks\">Why Bikaji Foods International Features Among These Food and Feed Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Why_Vadilal_Industries_Features_Among_These_Food_and_Feed_Stocks\" title=\"Why Vadilal Industries Features Among These Food and Feed Stocks\">Why Vadilal Industries Features Among These Food and Feed Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Why_Avanti_Feeds_Features_Among_These_Food_and_Feed_Stocks\" title=\"Why Avanti Feeds Features Among These Food and Feed Stocks\">Why Avanti Feeds Features Among These Food and Feed Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Bikaji_Foods_International_vs_Vadilal_Industries_vs_Avanti_Feeds_on_Key_Financials\" title=\"Bikaji Foods International vs Vadilal Industries vs Avanti Feeds on Key Financials\">Bikaji Foods International vs Vadilal Industries vs Avanti Feeds on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Key_Risks_to_Check_Before_Investing_in_Food_and_Feed_Stocks\" title=\"Key Risks to Check Before Investing in Food and Feed Stocks\">Key Risks to Check Before Investing in Food and Feed Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Final_Thoughts_on_Food_and_Feed_Stocks\" title=\"Final Thoughts on Food and Feed Stocks\">Final Thoughts on Food and Feed Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#What_are_food_and_feed_stocks\" title=\"What are food and feed stocks?\">What are food and feed stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Which_food_and_feed_stocks_are_covered_in_this_list\" title=\"Which food and feed stocks are covered in this list?\">Which food and feed stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Why_do_food_and_feed_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do food and feed stocks have a strong future roadmap in India?\">Why do food and feed stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#How_has_Bikaji_Foods_International_performed_financially\" title=\"How has Bikaji Foods International performed financially?\">How has Bikaji Foods International performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#How_has_Vadilal_Industries_performed_financially\" title=\"How has Vadilal Industries performed financially?\">How has Vadilal Industries performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#How_has_Avanti_Feeds_performed_financially\" title=\"How has Avanti Feeds performed financially?\">How has Avanti Feeds performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#What_risks_should_investors_check_before_buying_food_and_feed_stocks\" title=\"What risks should investors check before buying food and feed stocks?\">What risks should investors check before buying food and feed stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/snacks-ice-cream-and-shrimp-feed-stocks-roadmap-catalyst-list\/#Is_this_list_of_food_and_feed_stocks_investment_advice\" title=\"Is this list of food and feed stocks investment advice?\">Is this list of food and feed stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Food_and_Feed_Stocks\"><\/span><strong>What Are Food and Feed Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Food and feed stocks are listed companies that make packaged food for consumers or feed for aquaculture and livestock. Their earnings depend on volumes, raw material prices and how well they hold distribution.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Food_and_Feed_Stocks_at_a_Glance\"><\/span><strong>Food and Feed Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/bikaji\/bikaji-foods-international-ltd-share-price-today\">Bikaji Foods International<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">466.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11,686<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">45.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.19<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/vadilalind\/vadilal-industries-ltd-share-price-today\">Vadilal Industries<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,151<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,137<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.27<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/avantifeed\/avanti-feeds-ltd-share-price-today\">Avanti Feeds<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">722.95<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,865<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Vadilal Industries and Avanti Feeds trade at a P\/E below the industry P\/E, while Bikaji Foods International trades above it, which reflects the growth the market already expects. Readers comparing food and feed stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Food_and_Feed_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Food and Feed Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Food and feed stocks have a strong roadmap in India because packaged food is replacing loose products, cold chains are growing and aquaculture exports are rising.<\/p>\n<ul>\n<li><strong>Packaged shift.<\/strong> Branded snacks and frozen foods are taking share from unpackaged products.<\/li>\n<li><strong>Cold chain growth.<\/strong> Better storage and delivery widen the reach of ice cream and frozen foods.<\/li>\n<li><strong>Aquaculture.<\/strong> Shrimp farming and exports support demand for specialised feed.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Bikaji_Foods_International_Features_Among_These_Food_and_Feed_Stocks\"><\/span><strong>Why Bikaji Foods International Features Among These Food and Feed Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the food and feed stocks on this list, Bikaji Foods International, headquartered in Bikaner, makes traditional Indian snacks such as bhujia and namkeen, along with sweets, papad and other packaged foods.<\/p>\n<p>The company has a return on equity of 16.1%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 11,686 crore. The stock trades at a P\/E of 45.8, above the industry P\/E of 33.9.<\/p>\n<p>Revenue rose from Rs 1,621 crore in FY22 to Rs 3,045 crore in FY26, a compound annual growth rate of 17.1%. Net profit grew from Rs 76.0 crore in FY22 to Rs 254 crore in FY26, which works out to a compound annual growth rate of 35.3%. In the June 2026 quarter, revenue grew 12.8% year on year to Rs 747 crore, while net profit rose 1.6% to Rs 59.5 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company is pushing into new states, building modern trade and e-commerce presence, and widening its range of packaged sweets and snacks. A larger distribution reach lets it carry more products into every store it supplies.<\/p>\n<p><strong>What to watch:<\/strong> Track distribution expansion and input costs for edible oils and potatoes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Vadilal_Industries_Features_Among_These_Food_and_Feed_Stocks\"><\/span><strong>Why Vadilal Industries Features Among These Food and Feed Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the packaged food shares on this list, Vadilal Industries, based in Ahmedabad, makes ice creams and frozen desserts and also has processed foods and a franchise-led network of parlours.<\/p>\n<p>Revenue rose from Rs 706 crore in FY22 to Rs 1,525 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 44.7 crore in FY22 to Rs 155 crore in FY26, which works out to a compound annual growth rate of 36.5%.<\/p>\n<p>In the June 2026 quarter, revenue grew 38.6% year on year to Rs 707 crore, while net profit rose 95.4% to Rs 131 crore. The company has a return on equity of 18.2%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 5,137 crore. The stock trades at a P\/E of 23.4, below the industry P\/E of 33.9.<\/p>\n<p><strong>Roadmap:<\/strong> Rising ice cream consumption, deeper cold-chain distribution and new flavours and formats support revenue. The company is widening its retail footprint and gaining share in organised frozen desserts.<\/p>\n<p><strong>What to watch:<\/strong> Follow seasonal demand and the pace of new distribution tie-ups.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Avanti_Feeds_Features_Among_These_Food_and_Feed_Stocks\"><\/span><strong>Why Avanti Feeds Features Among These Food and Feed Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Avanti Feeds, based in Hyderabad, makes shrimp feed and also processes and exports shrimp, serving aquaculture farmers across India.<\/p>\n<p>In the June 2026 quarter, revenue grew 18.7% year on year to Rs 1,966 crore. Revenue rose from Rs 5,118 crore in FY22 to Rs 6,276 crore in FY26, a compound annual growth rate of 5.2%.<\/p>\n<p>Net profit grew from Rs 245 crore in FY22 to Rs 656 crore in FY26, which works out to a compound annual growth rate of 27.9%. The company has a return on equity of 18.4%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 9,865 crore. The stock trades at a P\/E of 16.8, below the industry P\/E of 33.9.<\/p>\n<p><strong>Roadmap:<\/strong> India&#8217;s aquaculture sector is growing, and demand for quality feed rises with it. The company has a large share of the domestic shrimp feed market and is expanding its processing and exports.<\/p>\n<p><strong>What to watch:<\/strong> Follow export demand and shrimp farm cycles, which affect feed volumes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bikaji_Foods_International_vs_Vadilal_Industries_vs_Avanti_Feeds_on_Key_Financials\"><\/span><strong>Bikaji Foods International vs Vadilal Industries vs Avanti Feeds on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three food and feed stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Bikaji Foods International<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,621<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,045<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">254<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Vadilal Industries<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">706<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,525<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">155<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Avanti Feeds<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,118<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,276<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">656<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Avanti Feeds posts the highest return on equity in this group at 18.4%. Avanti Feeds has the largest FY26 revenue at Rs 6,276 crore, and Vadilal Industries shows the fastest revenue growth with a 21.2% compound annual rate. A useful habit with food and feed stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<p>The June 2026 quarter, the latest reported, gives a fresh read on momentum:<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY27 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Year-on-Year Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Bikaji Foods International<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">663<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">747<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Vadilal Industries<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">510<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">707<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">38.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Avanti Feeds<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,656<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,966<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Food_and_Feed_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Food and Feed Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these food and feed stocks, the main points are: Long-term packaged food shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Raw material prices.<\/strong> Edible oil, milk and feed ingredients can move quickly.<\/li>\n<li><strong>Seasonality.<\/strong> Ice cream and snack sales vary with weather and festivals.<\/li>\n<li><strong>Export exposure.<\/strong> Shrimp-related demand depends on overseas markets.<\/li>\n<\/ul>\n<p>Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter food and feed stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Food_and_Feed_Stocks\"><\/span><strong>Final Thoughts on Food and Feed Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Food and feed stocks suit investors who want exposure to everyday consumption and agri-linked demand. Bikaji Foods International, Vadilal Industries and Avanti Feeds each carry a clear distribution or export strength. Based on the 20 October 2026 close, Bikaji Foods International trades at Rs 466.4, Vadilal Industries at Rs 7,151 and Avanti Feeds at Rs 722.95.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track food and feed stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_food_and_feed_stocks\"><\/span><strong>What are food and feed stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Food and feed stocks are listed companies that make packaged food for consumers or feed for aquaculture and livestock. Their earnings depend on volumes, raw material prices and how well they hold distribution. This list looks at three of them, Bikaji Foods International, Vadilal Industries and Avanti Feeds, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_food_and_feed_stocks_are_covered_in_this_list\"><\/span><strong>Which food and feed stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Bikaji Foods International, Vadilal Industries and Avanti Feeds. Based on the 20 October 2026 close, Bikaji Foods International traded at Rs 466.4, Vadilal Industries at Rs 7,151 and Avanti Feeds at Rs 722.95. Their return on equity ranges from 16.1% to 18.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.2% to 21.2%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_food_and_feed_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do food and feed stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Food and feed stocks have a strong roadmap in India because packaged food is replacing loose products, cold chains are growing and aquaculture exports are rising. The main drivers are as follows. Packaged shift. Branded snacks and frozen foods are taking share from unpackaged products. Cold chain growth. Better storage and delivery widen the reach of ice cream and frozen foods. Aquaculture. Shrimp farming and exports support demand for specialised feed. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Bikaji_Foods_International_performed_financially\"><\/span><strong>How has Bikaji Foods International performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,621 crore in FY22 to Rs 3,045 crore in FY26, a compound annual growth rate of 17.1%. Net profit grew from Rs 76.0 crore in FY22 to Rs 254 crore in FY26, which works out to a compound annual growth rate of 35.3%. In the June 2026 quarter, revenue grew 12.8% year on year to Rs 747 crore, while net profit rose 1.6% to Rs 59.5 crore. The company has a return on equity of 16.1%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 11,686 crore. The stock trades at a P\/E of 45.8, above the industry P\/E of 33.9. Looking ahead, the company is pushing into new states, building modern trade and e-commerce presence, and widening its range of packaged sweets and snacks. A larger distribution reach lets it carry more products into every store it supplies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Vadilal_Industries_performed_financially\"><\/span><strong>How has Vadilal Industries performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 706 crore in FY22 to Rs 1,525 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 44.7 crore in FY22 to Rs 155 crore in FY26, which works out to a compound annual growth rate of 36.5%. In the June 2026 quarter, revenue grew 38.6% year on year to Rs 707 crore, while net profit rose 95.4% to Rs 131 crore. The company has a return on equity of 18.2%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 5,137 crore. The stock trades at a P\/E of 23.4, below the industry P\/E of 33.9. Looking ahead, rising ice cream consumption, deeper cold-chain distribution and new flavours and formats support revenue. The company is widening its retail footprint and gaining share in organised frozen desserts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Avanti_Feeds_performed_financially\"><\/span><strong>How has Avanti Feeds performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 5,118 crore in FY22 to Rs 6,276 crore in FY26, a compound annual growth rate of 5.2%. Net profit grew from Rs 245 crore in FY22 to Rs 656 crore in FY26, which works out to a compound annual growth rate of 27.9%. In the June 2026 quarter, revenue grew 18.7% year on year to Rs 1,966 crore. The company has a return on equity of 18.4%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 9,865 crore. The stock trades at a P\/E of 16.8, below the industry P\/E of 33.9. Looking ahead, india&#8217;s aquaculture sector is growing, and demand for quality feed rises with it. The company has a large share of the domestic shrimp feed market and is expanding its processing and exports.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_food_and_feed_stocks\"><\/span><strong>What risks should investors check before buying food and feed stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying food and feed stocks. Raw material prices. Edible oil, milk and feed ingredients can move quickly. Seasonality. Ice cream and snack sales vary with weather and festivals. Export exposure. Shrimp-related demand depends on overseas markets. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_food_and_feed_stocks_investment_advice\"><\/span><strong>Is this list of food and feed stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 20 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are food and feed stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Food and feed stocks are listed companies that make packaged food for consumers or feed for aquaculture and livestock. Their earnings depend on volumes, raw material prices and how well they hold distribution. This list looks at three of them, Bikaji Foods International, Vadilal Industries and Avanti Feeds, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which food and feed stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Bikaji Foods International, Vadilal Industries and Avanti Feeds. Based on the 20 October 2026 close, Bikaji Foods International traded at Rs 466.4, Vadilal Industries at Rs 7,151 and Avanti Feeds at Rs 722.95. Their return on equity ranges from 16.1% to 18.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.2% to 21.2%.\"}},{\"@type\":\"Question\",\"name\":\"Why do food and feed stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Food and feed stocks have a strong roadmap in India because packaged food is replacing loose products, cold chains are growing and aquaculture exports are rising. The main drivers are as follows. Packaged shift. Branded snacks and frozen foods are taking share from unpackaged products. Cold chain growth. Better storage and delivery widen the reach of ice cream and frozen foods. Aquaculture. Shrimp farming and exports support demand for specialised feed. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Bikaji Foods International performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 1,621 crore in FY22 to Rs 3,045 crore in FY26, a compound annual growth rate of 17.1%. Net profit grew from Rs 76.0 crore in FY22 to Rs 254 crore in FY26, which works out to a compound annual growth rate of 35.3%. In the June 2026 quarter, revenue grew 12.8% year on year to Rs 747 crore, while net profit rose 1.6% to Rs 59.5 crore. The company has a return on equity of 16.1%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 11,686 crore. The stock trades at a P\/E of 45.8, above the industry P\/E of 33.9. Looking ahead, the company is pushing into new states, building modern trade and e-commerce presence, and widening its range of packaged sweets and snacks. A larger distribution reach lets it carry more products into every store it supplies.\"}},{\"@type\":\"Question\",\"name\":\"How has Vadilal Industries performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 706 crore in FY22 to Rs 1,525 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 44.7 crore in FY22 to Rs 155 crore in FY26, which works out to a compound annual growth rate of 36.5%. In the June 2026 quarter, revenue grew 38.6% year on year to Rs 707 crore, while net profit rose 95.4% to Rs 131 crore. The company has a return on equity of 18.2%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 5,137 crore. The stock trades at a P\/E of 23.4, below the industry P\/E of 33.9. Looking ahead, rising ice cream consumption, deeper cold-chain distribution and new flavours and formats support revenue. The company is widening its retail footprint and gaining share in organised frozen desserts.\"}},{\"@type\":\"Question\",\"name\":\"How has Avanti Feeds performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 5,118 crore in FY22 to Rs 6,276 crore in FY26, a compound annual growth rate of 5.2%. Net profit grew from Rs 245 crore in FY22 to Rs 656 crore in FY26, which works out to a compound annual growth rate of 27.9%. In the June 2026 quarter, revenue grew 18.7% year on year to Rs 1,966 crore. The company has a return on equity of 18.4%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 9,865 crore. The stock trades at a P\/E of 16.8, below the industry P\/E of 33.9. Looking ahead, india's aquaculture sector is growing, and demand for quality feed rises with it. The company has a large share of the domestic shrimp feed market and is expanding its processing and exports.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying food and feed stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying food and feed stocks. Raw material prices. Edible oil, milk and feed ingredients can move quickly. Seasonality. Ice cream and snack sales vary with weather and festivals. Export exposure. Shrimp-related demand depends on overseas markets. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of food and feed stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 20 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Food and Feed Stocks with a strong future roadmap: Bikaji Foods International, Vadilal Industries and Avanti Feeds. Compare price, valuation, return on equity and revenue growth as of 20 October 2026.<\/p>\n","protected":false},"author":38,"featured_media":320282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[13938,9507,3803,13939,13936,13937,5984],"class_list":["post-320284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-agri-food-stocks","tag-avanti-feeds","tag-best-stocks","tag-bikaji-foods-international","tag-food-and-feed-stocks","tag-packaged-food-shares","tag-vadilal-industries"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["320282"],"rank_math_title":["Food and Feed Stocks With a Strong Roadmap"],"rank_math_description":["Compare 3 food and feed stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. Data as of 20 Oct 2026."],"rank_math_focus_keyword":["food and feed stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-snacks-ice-cream-and-shrimp-feed-stocks-with-a-strong-future-roadmap-bikaji.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/320284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=320284"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/320284\/revisions"}],"predecessor-version":[{"id":320285,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/320284\/revisions\/320285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/320282"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=320284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=320284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=320284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}