US tariff impact on volumes
50% tariffs on Indian shrimp exports to US have caused some customers to shift orders to other origins, potentially reducing US volumes.
high · management_commentaryApex Frozen Foods Limited — Q2 FY26
Apex Frozen Foods delivered a strong Q2 FY26 with revenue of ₹238 crore (+19% YoY) driven by higher realizations of ₹870/kg (+25% YoY).
bullish
high
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
India-EU FTA timeline uncertainty
While management expects the India-EU FTA to conclude by end of 2025, delays could prolong tariff and non-tariff barriers for EU exports.
medium · analyst_questionSelling price sustainability
Current high realizations may not sustain if tariffs are reduced or global shrimp prices correct, impacting revenue growth.
medium · data_observationDisease outbreaks at farms
Seasonal diseases could disrupt shrimp supply and increase raw material costs, though no major outbreaks reported recently.
low · analyst_question