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Earnings Call

Apex Frozen Foods Earnings Call: Key Takeaways

Apex delivered strong FY26 PAT growth of 902% YoY to ₹39 Cr despite stable volumes, driven by geographic diversification and currency benefits.

Why this was an Alfa AlertNot a filter event. While growth was strong, no multi-year guidance >50% or material beat against specific prior guidance was stated.
Highlights
Revenue growth14% YoY in FY26 to ₹931 Cr.
MarginsEBITDA margins expanded to 7.7% in FY26 and 9.8% in Q4.
Order bookGrowing order book mentioned; sales-wise no issues.
Demand visibilityPositive outlook with EU FTA and U.S. tariff reductions.
Management confidenceHigh on non-U.S. markets; cautious but optimistic on U.S. recovery.

Growth

FY26 Revenue grew 14% to ₹931 Cr; EBITDA rose 145% to ₹73 Cr with margins expanding 405bps to 7.7%.

Outlook

Envisaging 30% volume growth for FY27; planned volume of 14,000 MT. Targeting Russia and EU FTA benefits.

Risks

U.S. tariff uncertainties, Middle East crisis affecting logistics, and container/shipping equipment shortages causing shipment delays.

Last quarter's promises, checked

Delivered

  • Guided non-U.S. expansion → delivered 52% sales mix (= BEAT)
  • Guided debt reduction → delivered ₹107 Cr to ₹6 Cr (= BEAT)
  • Guided EBITDA margin sustainability → delivered 7.7% vs 7% target (= BEAT)

Partly delivered

  • Guided FY27 capacity to 50% → current utilization 33-35% (= PARTIAL)

Missed

  • Guided U.S. volume stabilization → delivered 12% YoY decline in Q3 (= MISS)
Source

Earnings Call filed with NSE, NSE: APEX. Summary written with AI assistance from the document.

Read the document ↗

Apex Frozen Foods Ltd: key numbers

Share price
₹347.60
Market cap
₹1,086 Cr
Revenue (annual)
₹931.1 Cr
Net profit (annual)
₹38.85 Cr
P/E (TTM)
21.1×Sector 29.0×
Promoter holding
72.62%+0.00% QoQ
FII holding
5.83%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Annual General Meeting

Apex Frozen Foods Annual General Meeting

Apex Frozen Foods filed proceedings of its 14th AGM on September 17, 2026. The meeting approved financials, declared Rs. 2.50 dividend per share, and re-appointed the Chairman.