Apex Frozen Foods, one of India’s leading shrimp manufacturers, held its Q4FY26 earnings conference call on Friday. The shares will be in focus on Monday’s trading session after the company improved its guidance for FY27 with better operational efficiency.
The shares closed 2.76% lower at ₹410 apiece on the NSE on Friday ahead of its conference call. Here are the key takeaways from the conference call
Robust Q4 Earnings growth
The shrimp manufacturer company navigated through all structural headwinds in FY26 to deliver robust earnings growth for the year. The company’s net revenue for FY26 jumped 14% YoY to ₹931 crore, with the sales volume of 10,286 million tonnes of sales output. For the first time in the history of the company, the US market was not the most dominant revenue contributor as the total sales volume to the US stood at 48% for FY26, down from 64% in FY24. Meanwhile, the EU market witnessed a strong growth of 19% YoY, contributing 47% to the sales output, up from 26% in FY24. The sharp drop in the US markets was primarily driven by 50% tariffs imposed.
At the operational front, the EBITDA jumped 145% YoY to ₹73 crore with an EBITDA margin of 7.7%, up 405 basis points. Similarly, the company reported a net profit of ₹39 crore, up 902% against ₹3 crore in FY25.
Cashflow and Balance Sheet growth
On the balance sheet front, the company’s total debt for FY26 plunged to ₹6 crore as compared to ₹102 crore at the end of FY24. On the flipside, the cash position in the balance sheet improved significantly as the cash at the bank stood at ₹18.3 crore and ₹26 crore in fixed deposits and receivables. Strong cash position aided the robust reduction in the debt position of the company during the past two years. Similarly, cash flow from operations improved to ₹96 crore as compared to ₹54 crore in FY25.
Guidance & Outlook
The company’s balance sheet profile remains robust with a sharp reduction in debt, fueling strong expansion requirements. The management guided for 14,000 MT of sales for FY27, up 30% YoY from 10,286 MT. The growth can be primarily fulfilled by easing regulatory headwinds, such as a reduction in US tariffs to 10%. On the other hand, the implementation of the UK FTA and the execution of the EU FTA by the end of 2026 would aid incremental sales growth. The company is also in the process of securing regulatory approvals for entering new markets such as Russia.
The current capacity utilisation stands at 30%, which provides massive headroom for growth without incurring major capex investment for achieving 30% volume growth.
Apex Frozen Food share price returns
The shares of Apex Frozen Food delivered robust returns despite the structral headwinds in the past year. In the past one year, the shares jumped 81% and on delivered 39% in 2026 on YTD basis