Apex Frozen Foods Ltd — earnings calls

Apex Frozen Foods reported Q1 FY27 net revenue flat at Rs 257 crore, with EBITDA up 79% year-on-year to Rs 33 crore and EBITDA margin expanding to 12.7% from 7.1%, while profit after tax rose 138% to Rs 22 crore. Management attributed the margin improvement to higher shrimp realizations of about Rs 930 per kilo and stable farm gate prices, even as total shrimp sales volumes declined to 2,624 metric tons from 3,015 metric tons a year earlier due to labour shortages and war-led transportation disruptions. The U.S. accounted for 70% of shrimp sales in the quarter compared with 54% a year earlier, while EU and U.K. sales together fell to 25% from 39%.

Apex Frozen Foods reported FY26 revenue growth of 14% year-on-year to INR931 crores, with EBITDA up 145% to INR73 crores and profit after tax rising to INR39 crores from INR4 crores in FY25. Shrimp sales volumes were largely stable at 10,286 metric tons in FY26 versus 10,534 metric tons in FY25, with European Union sales growing 19% year-on-year and becoming the largest contributor to the sales mix. Management said total borrowings were reduced to INR6 crores by FY26 end and discussed U.S. tariff changes, currency hedging practices, and volume trends across markets during the Q&A.