Apex Frozen Foods Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Growth

Q2 FY26Capacity utilization target of 50% in one yearTracked

Management aims to increase capacity utilization from current ~30% to 50% within the next year, driven by market diversification and new orders.

Q2 FY2670% capacity utilization (20,000 MT) in 2-3 yearsTracked

Target to reach 70% utilization, translating to ~20,000 metric tons of volume, over the next 2-3 years.

Q3 FY26Capacity utilization target of ~50% by FY27Tracked

Plans to increase capacity utilization from current 33-35% to around 50% by FY27, driven by volume growth from US and EU markets.

Revenue

Q2 FY26RTE volumes of 2,000-2,500 MT next fiscal yearTracked

Ready-to-eat exports to EU are expected to reach 2,000-2,500 metric tons in FY27, with ~1,000 MT in FY26.

Q3 FY26Revenue target of ₹1,200+ crore in 2 yearsTracked

Management expects revenue to exceed ₹1,200 crore over the next two years, driven by higher capacity utilization and favorable trade agreements.

Margins

Q2 FY26EBITDA margin target of 10-12%Tracked

Management indicated that 10-12% EBITDA margin is achievable with volume growth and value-added product mix.

Q3 FY26EBITDA margin sustainability at 7-10%Active

Management expects to sustain current EBITDA margins of ~7% and improve to 7-10% as volumes scale, with potential for 10%+ from ready-to-eat products.

Expansion

Q3 FY26New market entry in Australia and Russia by Q1 FY27Active

Expects to commence sales in Australia and Russia by Q1 FY27, with initial volumes small but potential for growth.