3 Snacks, Ice Cream and Shrimp Feed Stocks With a Strong Future Roadmap: Bikaji Foods International, Vadilal Industries and Avanti Feeds

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.

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.

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What Are Food and Feed Stocks?

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.

Food and Feed Stocks at a Glance

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.

Why Do Food and Feed Stocks Have a Strong Roadmap in India?

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.

• 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.

Why Bikaji Foods International Features Among These Food and Feed Stocks

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.

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.

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.

Roadmap: 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.

What to watch: Track distribution expansion and input costs for edible oils and potatoes.

Why Vadilal Industries Features Among These Food and Feed Stocks

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.

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.

Roadmap: 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.

What to watch: Follow seasonal demand and the pace of new distribution tie-ups.

Why Avanti Feeds Features Among These Food and Feed Stocks

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.

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%.

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.

Roadmap: 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.

What to watch: Follow export demand and shrimp farm cycles, which affect feed volumes.

Bikaji Foods International vs Vadilal Industries vs Avanti Feeds on Key Financials

The table below sets the three food and feed stocks side by side on revenue, profit and margin, using reported figures.

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.

The June 2026 quarter, the latest reported, gives a fresh read on momentum:

Key Risks to Check Before Investing in Food and Feed Stocks

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.

• 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.

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.

Use the Univest Stock Screener to filter food and feed stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Food and Feed Stocks

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.

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What are food and feed stocks?

Ans. 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.

Which food and feed stocks are covered in this list?

Ans. 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%.

Why do food and feed stocks have a strong future roadmap in India?

Ans. 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.

How has Bikaji Foods International performed financially?

Ans. 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.

How has Vadilal Industries performed financially?

Ans. 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.

How has Avanti Feeds performed financially?

Ans. 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.

What risks should investors check before buying food and feed stocks?

Ans. 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.

Is this list of food and feed stocks investment advice?

Ans. 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.