Apex Frozen Foods Ltd (NSE:APEX)

Q2 2026 Apex Frozen Foods Ltd Earnings Call Transcript

Nov 16, 2025 / 05:30 AM GMT

Release Date Price: ₹289.23 (-0.08%)

Transcript

Key Points

Positve

Apex Frozen Foods Ltd (NSE:APEX) reported a 19% year-on-year increase in net revenue for Q2 FY26, driven by higher realizations and favorable exchange rates.
The company's diversification strategy has been effective, with non-US export business expanding to nearly 50% in the first half of FY26.
Gross profit increased by 76% year-on-year in Q2 FY26, with a gross margin improvement of 1,200 basis points year-on-year.
The company has significantly reduced its total borrowings from INR167 crore in March 2022 to INR41 crore in September 2025, strengthening its balance sheet.
Apex Frozen Foods Ltd (NSE:APEX) is exploring new markets such as Australia and Russia, which have recently opened up, potentially increasing future sales.

Negative

Sales volumes declined marginally from 2,710 metric tons in Q2 last year to 2,606 metric tons in Q2 FY26, mainly due to US tariff-linked trade uncertainties.
The US market, a significant revenue source, has been impacted by a 50% tariff, affecting sales volumes and customer relationships.
Capacity utilization remains low at 30%, indicating underutilization of resources and potential inefficiencies.
The company faces stringent regulations and testing protocols in the EU market, which could delay shipments and increase operational complexity.
Other expenses have spiked due to increased tariffs, impacting overall profitability despite stable raw material prices.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

APEX.NS - Apex Frozen Foods Ltd
Q2 2026 Apex Frozen Foods Ltd Earnings Call
Nov 17, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Apex Frozen Foods Limited Q2 and H1F526 earnings conference call.

As a reminder, all participle lines will remain in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal the operator by pressing, then 0 on your touchstone telephone.

Please note that this conference is being recorded.

I will now hand the conference over to Mr. Surya Salman from Stellar IR Advisors for opening remarks.

Thank you and over to you, Sush.

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