Shrimp Stocks Surge: Avanti Feeds, Apex Frozen, and Other Companies See Significant Gains
Seafood Exporters Reap Rewards as India's Marine Product Exports Soar
Shares of seafood-related companies, including Avanti Feeds, Apex Frozen, and Coastal Corporation, surged up to 12% on April 17, driven by heavy trading volumes. This rally comes as India's marine products exports recorded a nearly 14% rise in fiscal year 2026 (FY26) despite challenges posed by high US tariffs and the West Asia war at the end of the fiscal year.
According to the latest data from the Ministry of Commerce, India exported $8.43 billion worth of marine products in FY26, a significant increase from around $7.4 billion in FY25, as reported by Business Standard. This marks a notable growth in India's marine product exports, which have more than doubled in the past 11 years, from Rs 30,213 crore in 2013-14 to Rs 62,408 crore in 2024-25.
| Company | FY25 Export Value | FY26 Export Value | Growth Rate |
|---|---|---|---|
| Avanti Feeds | Not Available | Not Available | Not Available |
| Apex Frozen | Not Available | Not Available | Not Available |
| Coastal Corporation | Not Available | Not Available | Not Available |
| India's Total Marine Product Exports | $7.4 billion | $8.43 billion | 14% |
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Fisheries, Animal Husbandry & Dairying Minister Rajiv Ranjan Singh has urged exporters to work towards achieving the target of Rs 1 lakh crore in marine product exports and adopt an open-market approach. On April 17, at 12 pm, Apex Frozen shares were trading 11.5% higher at Rs 478.9 apiece, while Avanti Feeds shares were trading 6% higher at Rs 1.472.7 apiece. Shares of Coastal Corporation and Waterbase climbed 6% and 4.5%, respectively.
The Union Minister appreciated and congratulated seafood exporters for their efforts in enhancing seafood exports. He highlighted that India's seafood exports have recorded robust growth, driven largely by strong performance in non-US markets. Emphasising the need for sustained market and product diversification, he stressed the importance of strict regulatory compliance, including adherence to antibiotic bans and strengthened traceability systems.
India's seafood exports span a wide and diversified basket, with over 350 varieties of products shipped to nearly 130 global markets. 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%.
Investor Takeaway
Investors should consider seafood-related firms for potential gains.
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