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Apex Frozen Foods Ltd

Q2 FY26Food Products

Apex Frozen Foods Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹341
Market cap₹1.1K Cr
P/E21.5
Updated16 Oct 2026
Read5 min read

The short version

The company targets sustained volume growth, aiming to reach 18,000-20,000 metric tonnes in the next 2-3 years by achieving around 70% capacity utilization. Apex Frozen Foods aims for sustained volume growth, targeting roughly 18,000 to 20,000 metric tonnes in the next 2-3 years, supported by increased capacity utilization (~70%). - The company plans to diversify markets beyond the U.S., increasing the non-U.S.

From Apex Frozen Foods Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • The company targets sustained volume growth, aiming to reach 18,000-20,000 metric tonnes in the next 2-3 years by achieving around 70% capacity utilization.
  • Potential to grow business in markets like Australia up to 10% of total sales, indicating geographical diversification.
  • Focus on increasing value-added products, especially in the ready-to-cook (RTC) category, which is expected to improve margins and realizations.
  • Revenue growth will be linked to volume growth and realization improvements, with expectations of stable or improving EBITDA margins around 10-12%.
  • Diversification efforts into new markets beyond the U.S. are permanent, not temporary, suggesting additional volume won't just revert to U.S. but add incrementally.

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Profitability & Margins

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Capital Expenditure Plans

  • The company is focusing on utilizing both the old and new ready-to-cook (RTC) facilities.
  • Plans to develop customized products and enter new product categories for certain markets.
  • New and old facilities will be used to produce value-enhanced products that offer better margins.
  • The new facility has received EU approval and has started shipments, particularly for ready-to-eat (RTE) products.
  • Expect to increase capacity utilization from the current ~30% to around 50% within the next year.
  • Aim to reach sustainable volume growth of around 18,000 to 20,000 metric tonnes over the next 2-3 years, corresponding to 70% of their capacity.

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Top-ranked in Food Products

Ranked on what management guided this quarter

Guidance-ranked
1Milky Mist Dairy
Rev 1Mar 1
Rev 1Mar 1
3
Rev 2Mar 1
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Apex Frozen Foods Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The company has already received and finalized orders for new value-added products within the Ready-to-Cook (RTC) segment.
  • Orders for these enhanced value products are present in their order books.
  • Shipments for Ready-to-Eat (RTE) products are underway, with requisite testing mandated by the EU being completed.
  • New orders from the new facility for the EU market have started in the current quarter (Q3 FY26) and are growing.
  • The company has good set of orders from EU customers despite certain regulatory testing requirements.

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Apex Frozen Foods Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹264 Cr, net profit ₹10 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Apex Frozen Foods Ltd Q2 FY26 results?

The company targets sustained volume growth, aiming to reach 18,000-20,000 metric tonnes in the next 2-3 years by achieving around 70% capacity utilization. Apex Frozen Foods aims for sustained volume growth, targeting roughly 18,000 to 20,000 metric tonnes in the next 2-3 years, supported by increased capacity utilization (~70%). - The company plans to diversify markets beyond the U.S., increasing the non-U.S.

What is Apex Frozen Foods Ltd share price analysis?

Apex Frozen Foods Ltd currently shows a neutral. The stock trades at a P/E of 21.5 with a market cap of ₹1,065 Cr. Investors should review the full earnings analysis for detailed insights.

Is Apex Frozen Foods Ltd planning capital expenditure?

The company is focusing on utilizing both the old and new ready-to-cook (RTC) facilities.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.