Apex Frozen Foods Limited has informed the Exchange about Transcript of Q3FY26 earnings conference call
APEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Apex Frozen Foods reported Q3 FY26 revenue of INR 264 crores, up 15% year-on-year, driven by 22% growth in EU sales, though US sales fell 12% on tariff headwinds. EBITDA jumped 147% YoY to INR 17 crores with margin improving 344 bps to 6.5%, aided by lower raw material prices (INR 327/kg vs INR 374/kg). Profit after tax surged to INR 10 crores from just INR 50 lakhs a year ago. For 9M FY26, revenue rose 23% to INR 761 crores, EBITDA margin stood at 6.9% (up 336 bps), and PAT was INR 31 crores vs INR 2 crores. Non-US exports now contribute 51% of revenue (up from 37%). Management targets ~INR 1,200 crores revenue over the next 2 years, capacity utilization moving from 33-35% to 50% by FY27, and EBITDA margin sustainability at ~7% with potential to reach 10%+ as ready-to-eat scales up. Short-term borrowings have been cut sharply from INR 140 crores to INR 40 crores.
Positive: sharp YoY profit growth, easing US tariffs (50% to 25%), and progress on the EU FTA support volume recovery and margin sustainability. Investors should watch for execution on new markets (Russia, Australia), ready-to-eat ramp-up, and antidumping duty increase from 1.35% to 3.5% as a near-term cost watch-out.