APEXFROZENFOODS / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Apex Frozen Foods · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

11

Answered directly

77%

Numeric claims

2

Consistency

mixed

Question ledger

What was answered, and how?

Deep Amera · IG India

partial

Revenue and margin outlook given EU FTA and US tariff reduction.

approximately around 1,200 plus crores over the next 2 years... we would be maintaining the present sustainable EBITDA levels, we'll be able to sustain the present EBITDA levels which is 7% and odd.

Nathan · incred research

direct

Clarify if UK is included in EU market in presentation.

No. Yeah. It's only the Europe EU block.

Nathan · incred research

direct

Speed of market access in UK vs EU post-FTA.

UK FTA was signed much more in advance compared to the EU... UK of course as I stated it'll be much earlier... 50% mandatory testing of Indian shrimp consignments into the UK should most likely be relaxed much earlier.

Nathan · incred research

direct

Hatchery activity in January as lead indicator for farmer demand.

Currently yes the stockings are going on and definitely like you rightly mentioned the hatchery operations are going in a good way... it's a positive sign for the supply going into the future.

UNI · GG Investments Limited

partial

Realization in USD/INR and how much tariff passed to customers.

For the quarter it is 914 rupees... most of it has been taken care by the customers because these were brought in by the US government.

UNI · GG Investments Limited

direct

Tariff component in other expenses for the quarter.

The tariffs was 50% of the FOB value... that translated to 46 crores with regard to the tariff component alone. This quarter.

UNI · GG Investments Limited

direct

Average farm gate price and current outlook.

Average purchase price for the company was 327 rupees... farm gate prices have increased... currently they are little higher. They have increased by almost 30 40 rupees roughly per kilo.

UNI · GG Investments Limited

evasive

New orders for ready-to-eat products after EU FTA.

We have been getting the ready to eat orders even before the FTA and we believe we will be continuing to grow them going forward with the FTA in place.

Ha · Seven Rivers Holding

partial

Margins at higher capacity utilization (65-70%).

We would be able to sustain the present EBITDA levels which is 7% and odd... as volumes pick up we should look at higher margin levels... between 7 10% currently and as we grow more ready to eat we should look at 10% plus.

Ha · Seven Rivers Holding

direct

Current US tariff rate and competitive position vs Ecuador/Vietnam.

They removed the penal rate of 25% for the Russian oil component... as of February 7th 2026 the 25% has been reduced thereby the net tariff impact on the company is 25%.

Sedad · I thought PMS

direct

Revenue growth breakdown: volume vs tariff/forex contribution.

For the 9 months the tariff component alone... 86 crores... on the exchange rate difference... 11 crores only.

Sedad · I thought PMS

direct

Ready-to-eat capacity utilization this quarter vs last year.

Currently it is around 11% of ready to eat... last year 9 months it was 10%.