Strong marine products exports in the recently concluded financial year (FY26), despite the impact of high US tariffs and the West Asia war, boosted the shares of shrimp and seafood-related companies such as Avanti Feeds and Apex Frozen Foods on Friday, 17 April.
Avanti Feeds stock jumped 10.95% to ₹1544.50 while Apex Frozen Foods shares were higher by 15% at ₹494.55 apiece. Both stocks hit fresh 52-week highs on the BSE following the robust data. Another seafood stock, Coastal Corporation, joined the rally as it surged almost 6% to ₹54.80 and neared its 52-week high of ₹55. Trading volumes for all these stocks remained higher than usual.
Marine exports on the rise
According to a report in Business Standard, India’s marine exports rose 14% year-on-year in FY26, defying odds as the period was marked by high US tariffs of 50% and also the Middle East crisis at the end of the fiscal.
According to the Ministry of Commerce data quoted by the business news website, India exported $8.43 billion worth of marine products in FY26 as compared to around $7.4 billion in FY25.
Meanwhile, a press release by the Ministry of Fisheries, Animal Husbandry & Dairying shared earlier this month, showed that India’s seafood exports have recorded strong and sustained growth, expanding at an average annual rate of 7% over the past 11 years.
Marine product exports have more than doubled during the period, rising from ₹30,213 crore in 2013‑14 to ₹62,408 crore in 2024‑25, driven largely by shrimp exports valued at ₹43,334 crore, the government data showed, as it remains India’s flagship seafood product.
The United States remains the largest destination, accounting for 36.42% of total export value in 2024‑25, followed by China, the European Union, Southeast Asia, Japan and the Middle East, while other markets together account for about 9%.
Over the next five years, the government plans to sharpen India’s global seafood strategy by shifting the focus toward higher‑value exports, wider market reach and stronger quality assurance, it added.
Apex Foods, Avanti Feeds share price trend
The stock performance of Apex Frozen Foods has remained firm in the last one year as it has risen 118% during this period. Meanwhile, in six months, it has added 106% and 62% year-to-date (YTD).
Avanti Feeds has also performed well, with a 66% rise in a year, 115% in six months and 68% on a YTD basis.
Disclaimer: This story is for educational purposes only. We advise investors to check with certified experts before making any investment decisions.
