Press Release on Operational and financial performance for the half and year ended March 31, 2026
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Essex Marine Ltd reported strong revenue growth of 61.72% to Rs 6,470.90 Lakhs in FY2026, up from Rs 4,001.19 Lakhs in FY2025. Export volumes nearly doubled from 550MT to 972MT. However, EBITDA margin contracted to 17.43% from 23.22% in the prior year, and PAT margin also declined to 9.85% from 10.00%. The company attributed the PAT margin decline to reduction in price realisation. Key operational achievements include doubling peeling capacity to 21.6 tons per day, installing blanching and cooking machinery for the Ready-to-Cook segment, and diversifying into cold chain logistics with its own refrigerated truck fleet.
Revenue growth is impressive but margin contraction signals pricing pressures or higher costs. The capacity expansions position the company for higher volumes but may weigh on near-term profitability until new value-added products gain traction.