Analysts/Institutional Investor Meet/Con. Call Updates Avanti Feeds Limited has informed the Exchange about Transcript · 2025-08-29
Hello. Am I audible? Hello?
Thank you for giving me opportunity. I have two questions. First, I want to understand overall how this tariff will impact on our company ? And second one is I want to know if any rerouting of our shipments is happening or in general also, like,shrimp shipments, we look at some other countries or like that? I would ask Mr. Nikhilesh to answer this question. So, on the impact of the industry, generally, I would say that on the 50% tariff on India impacts almost 55% of the total exports intothe U.S. market covering several sectors, including seafood, textile, gems and jewellery, etc. So on that front, definitely, there's an impact on the volume. So at the moment, like I answered in the previous question, the immediate impact is not as much as we thought because we continue to ship because they cannot replace their supply chain s almost immediately, especially since India is one of the largest producers of shrimp. So, on a short-term basis, we don't anticipate as large of an impact as we first saw at when the tariff of 50% was introduced. On Avanti itself, as you know, our feed business is about 50% of the market share. So, all the products, all the farmers that we sell to who are selling to non -US markets also are part of the system. So , the impact over there is not as large as the impact that it would be on the processing business where we derive more than 60% of our revenues from the U.S. business. So, that's the first part of the answer. Could you repeat the second question again?