Venky’s (India) Ltd reported a robust performance in the third quarter, with profitability more than doubling, driven by sharply improved realisations in its core poultry business. The strong earnings momentum translated into a sharp rally in the stock price, reflecting renewed investor confidence in the company’s operating turnaround.

For Q3, Venky’s net profit jumped to Rs. 48.6 crore, compared with Rs. 20.4 crore in the same quarter last year. Revenue grew 9% year-on-year to Rs. 960 crore, up from Rs. 882 crore, supported by better pricing and stable demand across key segments.

Operating performance strengthened significantly. EBITDA surged to Rs. 69.6 crore from Rs. 29 crore a year ago, while EBITDA margins expanded to 7.3%, up sharply from 3.3% in Q3 last year. The margin expansion highlights improved operating leverage, stronger poultry realisations, and better cost absorption.

Management said the Poultry and Poultry Products segment delivered a strong showing during the quarter, aided by higher realisations from the sale of day-old chicks and grown-up birds. The Animal Health Products and Oilseed segments recorded satisfactory performance, providing additional stability to overall earnings.

Following the results announcement, shares of Venky’s (India) Ltd were trading at Rs. 1,654 on the National Stock Exchange of India, up Rs. 53.60 or 3.35% as of 2:03 pm, after touching an intraday high of Rs. 1,715.

Venky’s (India) is a diversified agri-based company with a strong presence across poultry and poultry products, animal health products, oilseeds, and processed foods. With improving poultry cycle dynamics and expanding margins, the company’s Q3 performance underscores a meaningful recovery phase, which markets appear to be factoring in positively.