Shrimp stocks surge on India-EU trade deal optimism

Indian seafood exporters including Apex Frozen Foods and Avanti Feeds gained up to 10% as India-EU trade agreement promises zero tariffs on marine products over seven years.

Apex Frozen Foods Q2FY26 Revenue Rises 19% to INR 238 Crores Despite US Tariff Challenges

Apex Frozen Foods reported Q2FY26 net revenue growth of 19% year-on-year to INR 238 crores, driven by higher realizations of INR 870 per kilo (up 25%) and favorable exchange rates, though sales volumes declined marginally to 2,606 metric tonnes due to US tariff uncertainties. The company successfully diversified its business with non-US exports now accounting for 56% of sales in Q2FY26, while gross profit surged 76% year-on-year to INR 96 crores with improved margins of 39%.

Apex Frozen Foods Reports Strong Q2 FY26 Results with 19% Revenue Growth

Apex Frozen Foods achieved 19% YoY revenue growth to Rs 2,383 Mn in Q2 FY26, driven by higher average realization of Rs 870 per kg for shrimp sales. The company significantly improved profitability with gross margin expanding to 39.2% from 27.2% and EBITDA margin rising to 7.2% from 2.3% in the previous year quarter.