Apex Frozen Foods Q4 and FY26: Higher margins, stronger cash flow, and a more balanced export mix

Net revenue was Rs 9,311 Mn in FY26, compared with Rs 8,136 Mn in FY25.

FY26 EBITDA was Rs 729 Mn with EBITDA margin of 7.7%, versus Rs 297 Mn and 3.6% in FY25. FY26 PAT was Rs 388 Mn with PAT margin of 4.1%, versus Rs 39 Mn and 0.5% in FY25.

The presentation attributes FY26 revenue growth to firm global shrimp prices and favorable currency movements.

FY26 shrimp sales mix was 48% USA, 47% EU, and 5% Others. EU contribution increased from 26% in FY24 to 47% in FY26.

Total processing capacity is 34,240 MTPA across two units. Unit 2 includes 10,000 MTPA Ready-to-Eat capacity. Cold storage capacity is about 3,500 MT.

Total borrowings reduced to Rs 57 Mn in Mar-26 from Rs 726 Mn in Mar-25, and net debt to equity was -0.02 in Mar-26.

The presentation lists demand slowdown in export markets, disease outbreaks, volatile pricing driven by global imbalances, and exchange rate fluctuations as key risks.