FY27 Volume Target: ~12,000 MT
Management targets 12,000 metric tons for full year FY27, up from Q1 run rate of 2,624 MT, expecting labor issues to resolve and supply to normalize in subsequent quarters.
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Apex Frozen Foods · forward-looking guidance across the available source record.
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What management said would happen.
growth
Stable Margins Expected for FY27
EBITDA margins expected to hold around current 12.7% levels despite headwinds from farm-gate price increases and doubled freight costs, supported by volume growth and cost efficiency measures.
EU-UK FTA Benefits: Q1 FY28
UK FTA already implemented from July 15 with non-tariff barriers still pending; EU FTA expected by December 2026/January 2027 with full P&L impact visible from Q1 FY28.
CVD Reduction Expected December 2026
Countervailing duty review expected around December with potential 5.77 percentage point reduction if US government accepts India government justifications on duty drawback and RoDTEP schemes.
Capacity utilization target of 50% in one year
Management aims to increase capacity utilization from current ~30% to 50% within the next year, driven by market diversification and new orders.
70% capacity utilization (20,000 MT) in 2-3 years
Target to reach 70% utilization, translating to ~20,000 metric tons of volume, over the next 2-3 years.
RTE volumes of 2,000-2,500 MT next fiscal year
Ready-to-eat exports to EU are expected to reach 2,000-2,500 metric tons in FY27, with ~1,000 MT in FY26.
EBITDA margin target of 10-12%
Management indicated that 10-12% EBITDA margin is achievable with volume growth and value-added product mix.