Apex Frozen Foods Q1 FY27 Earnings Call Transcript Released
Apex Frozen Foods reported Q1 FY27 results with net revenue flat at ₹257 crore. EBITDA surged 79% to ₹33 crore, and PAT grew 138% to ₹22 crore. Average shrimp realization increased 15% to ₹930/kg, offsetting lower sales volumes. U.S. sales grew 13% due to eased tariffs.
The positive financial results and growth in key metrics like EBITDA and PAT, along with improved realizations, are significant for the company's performance and investor outlook.
The company reported significant year-on-year growth in EBITDA and PAT, along with an increase in average shrimp realization, indicating strong operational and financial performance.
Apex Frozen Foods Limited has released the transcript of its Q1 FY27 Earnings Conference Call, which was held on August 18, 2026. The call primarily covered the Un-Audited financial results for the first quarter ended June 30, 2026, and other information already in the public domain.
During the call, management highlighted mixed trends for Q1 FY27, with improving global shrimp prices and a favorable USD/INR conversion rate aiding realization growth. However, labor shortages in April-May and war-related transportation disruptions impacted shrimp sales volumes. Despite a decline in sales volume to 2,624 metric tons from 3,015 metric tons in Q1 FY26, average shrimp realization grew 15% year-on-year to approximately ₹930 per kilo. The company expects a recovery in sales volume in Q2 FY27, contingent on normalized global transportation conditions.
Profitability in Q1 FY27 benefited from higher shrimp realizations, stable farm gate prices, and cost-efficiency measures. Net revenue remained flat at ₹257 crore compared to ₹258 crore in Q1 FY26. EBITDA increased by 79% year-on-year to ₹33 crore, with EBITDA margin expanding to 12.7% from 7.1%. Profit after tax (PAT) stood at ₹22 crore, a 138% year-on-year growth from ₹9 crore, with PAT margin improving to 8.4% from 3.5%.
The U.S.A. accounted for 70% of total shrimp sales in Q1 FY27, an increase from 54% in Q1 FY26, with sales to the U.S. growing 13% year-on-year, supported by softening tariff-related uncertainties. Sales to the EU and UK combined contributed 25% of total shrimp sales, down from 39% in Q1 FY26, impacted by transportation disruptions and regulatory testing requirements.
The company is focused on expanding its product mix with a higher share of value-added products and diversifying its geographical presence. Management expressed confidence in capitalizing on improving market conditions and driving sustainable growth, supported by a lean financial profile and disciplined working capital management.
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Apex Frozen Foods Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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