Apex Frozen Foods Share Price Jumps 15% to 13-Month High on Strong Earnings

Apex Frozen Foods share price rose 15% on Friday, reaching ₹319.25, its highest level since July 2024. The stock surged despite a weak market, where the Sensex fell 0.4% and the Smallcap index slipped 1%.

The stock has climbed 37% in the last 2 weeks after the company posted strong results.

Apex Frozen Foods Financial Performance in H1FY26

For April–September 2025, Apex Frozen Foods reported a PAT of ₹21 crore, sharply higher than ₹2.1 crore last year. This is also far better than the ₹3.88 crore it earned in the entire FY25.

Revenue rose 29% YoY to ₹496.5 crore, driven by better pricing. Stable raw material costs and higher selling prices helped margins improve:

• Gross Margin: 36.3% (vs 29.6% last year)
• EBITDA Margin: 7.1% (vs 4.1% last year)

Lower borrowing costs also helped boost profits.

Shrimp Sales and Market Trends

Shrimp supply was tight early in Q2FY26 but later normalised, improving sales. Ready-to-eat (RTE) products contributed 14% of total shrimp sales in H1FY26.

US sales fell 10% due to tariff-related issues, but sales to the European Union grew 18%. The average shrimp selling price rose 25% YoY to ₹870 per kg, while purchase prices stayed flat at ₹321 per kg.

Strengthening Presence in Europe

Apex Frozen continues to grow in the EU market. EU (excluding the UK) contributed 39% of total sales in FY25, up from 26% in FY24. The EU’s approval of a second processing facility is expected to drive more sales of high-margin RTE products.

The company is also exploring new opportunities in Canada, Japan, Russia, and South Korea.

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Management Outlook

The company remains cautiously optimistic. Global trade tensions and tariff uncertainties are still risks, but several positive signs support growth:

• Inventory levels are improving in export markets
• Better global demand
• Lower freight costs
• Improved pricing for Indian shrimp

Seafood demand globally is rising due to growing health awareness and consumers shifting from red meat to healthier protein options like shrimp.

Conclusion

Apex Frozen Foods’ strong earnings, higher margins, and expanding global presence have boosted investor confidence. With improving demand trends and lower costs, the company appears well-positioned for steady growth, although global trade risks remain.

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