* Apex Frozen Foods held an earnings conference call on 17 November 2025, for Q2 and H1 FY26. * Net revenue rose by 19% year-on-year to ₹238 crore, with realizations at ₹870 per kilo, a 25% increase year-on-year. * Sales volumes declined marginally from 2,710 metric tonnes to 2,606 metric tonnes due to U.S. tariff-linked trade uncertainties. * The non-U.S. business share increased to 56% in Q2 FY26, with EU market growth of 18% year-on-year and 21% quarter-on-quarter. * Gross profit increased by 76% year-on-year to ₹96 crore with a gross margin of 39%. * EBITDA grew 284% year-on-year to ₹18 crore, with an EBITDA margin of 7.2%. * Profit after tax increased to ₹12 crore in Q2 FY26 from a loss of ₹1.7 crore in Q2 last year. * For H1 FY26, net revenue grew 29% year-on-year to ₹497 crore and profit after tax increased 877% year-on-year to ₹21 crore. * Total borrowings reduced from ₹167 crore as of March 2022 to ₹41 crore as of September 2025. * The company repaid almost ₹30 crore in debt in H1 FY26. * The company is expanding to other markets, including Russia and Australia. * A potential to grow till 10% of business over a period of time in Australia market * Expecting 1,000 metric tonnes from RTE facility this year and 2000-2500 metric tonnes next year.
