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Apex Frozen Foods posted strong Q1 FY26 financial results: Revenue at INR 258 Cr (+39% YoY), EBITDA at INR 18 Cr (+66% YoY), and PAT at INR 9 Cr (+139% YoY). Gross margin improved to 34%.
Management highlighted successful revenue diversification, with non-U.S. markets now 45% of total sales. The second facility received EU approval, boosting access for ready-to-eat (RTE) products to Europe. While U.S. tariffs create demand uncertainty, Apex plans to increase non-U.S. volumes, leveraging ample capacity. The company aims for over 50% non-U.S. sales, maintaining a strong balance sheet with net debt-to-equity at 0.1x.