Surge in Avanti Feeds and Apex Frozen Foods Shares Driven by Strong Earnings and Market Dynamics
Shrimp stocks: Avanti Feeds, Apex Frozen Foods surge up to 13%; here's why
Business Standard
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Shares of Avanti Feeds and Apex Frozen Foods surged up to 13% amid strong earnings reports and favorable market conditions. Avanti Feeds' stock reached a peak of ₹1,544.50, while Apex Frozen Foods hit ₹487, marking significant year-to-date gains of 86% and 75% respectively, contrasting with an 8.3% decline in the BSE Sensex.
- 01Avanti Feeds and Apex Frozen Foods saw stock price increases of up to 13%.
- 02Avanti Feeds reported a 16% YoY increase in net profit for Q3FY26.
- 03Apex Frozen Foods transitioned from a net loss to a profit of ₹10.09 crore in Q3FY26.
- 04The shrimp processing revenue for Avanti Feeds grew by 37% YoY.
- 05Analysts note favorable market conditions and easing raw material costs benefiting both companies.
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Shares of seafood companies Avanti Feeds and Apex Frozen Foods rallied significantly on the Bombay Stock Exchange (BSE), with Avanti Feeds reaching a peak of ₹1,544.50 and Apex Frozen Foods climbing to ₹487. This surge comes amid strong earnings reports for the quarter ending December 2025 (Q3FY26), where Avanti Feeds posted a 16% year-on-year increase in net profit to ₹163.47 crore, despite a slight 1.3% growth in revenue. Apex Frozen Foods reported a net profit of ₹10.09 crore, rebounding from a loss in the previous year, driven by lower raw material costs and a 14.5% increase in revenue. The demand for shrimp feed is bolstered by favorable exchange rates and reduced ocean freight costs, while the export environment is improving with the removal of certain import duties. Analysts from InCred Equities highlighted the positive impact of the European Union market access and easing raw material prices on feed margins, creating a favorable outlook for both companies as they navigate the recovering global shrimp demand.
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The surge in share prices reflects strong financial performance and positive market dynamics, which may encourage more investment in the seafood sector, potentially benefiting local economies reliant on shrimp farming and processing.
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