We continue to prefer Apex Frozen Foods from a business perspective, but volume growth is likely to see some stagnation this fiscal on account of lower domestic production and shrimp disease
FY18 turned out to be an exceptional year for shrimp exporters as the companies benefited from slight pick-up in realisations as well as benign raw material prices.
The focused budgetary measures directed at rural India aim to realize the 2022 goal and give the desired push in an election year –thereby killing two birds in one shot.