Apex Frozen Foods, Avanti Feeds Shares Surge 15% Amid Market Volatility, What Drives the Increase.

Marine Exports Boost Shrimp and Seafood Companies

India's marine exports rose 14% year-on-year in FY26, defying the impact of high US tariffs of 50% and the West Asia war. Avanti Feeds and Apex Frozen Foods, two major shrimp and seafood-related companies, saw their shares surge on Friday, 17 April.

Avanti Feeds stock jumped 10.95% to ₹1,544.50, while Apex Frozen Foods shares were higher by 15% at ₹494.55 apiece. Both stocks hit fresh 52-week highs on the BSE, with Coastal Corporation also joining 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.

According to a report in Business Standard, India's marine exports rose 14% year-on-year in FY26. The Ministry of Commerce data quoted by the business news website showed that India exported $8.43 billion worth of marine products in FY26, compared to around $7.4 billion in FY25. This growth is a testament to India's seafood industry, which has been expanding at an average annual rate of 7% over the past 11 years.

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The Ministry of Fisheries, Animal Husbandry & Dairying reported that India's seafood exports have recorded strong and sustained growth over the past 11 years. Marine product exports have more than doubled during the period, driven largely by shrimp exports valued at ₹43,334 crore, which 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.

Looking ahead, 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 over the next five years. In the short term, the stock performance of Apex Frozen Foods has remained firm, with a 118% rise in the last one year, 106% in six months, 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.