Why do you think so ? Compared to feeds, shrimp processing looks to be small. But its better than Apex frozen foods both revenue wise and margins perspective. Margins have remained stable around 14% in the last 6 years, where as Apex’s margins have degraded from 11% to 5.5%
Both the companies have more or less same shrimp processing capacity.
Avanti – 36K MTPA (out of this 7K MTPA commissioned in Mar24)
Apex – 34K MTPA
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