1. Export revenue target of ₹1,000 crore by FY28 - Management has set a medium-term roadmap targeting annual export revenues of up to ₹1,000 crore by FY27-28, supported by deeper penetration in Russia and China, EU re-entry, and value-added product build-out. At the company's current revenue scale of ₹525 crore, hitting this target implies nearly a doubling of the topline over the next two fiscal years.
2. US tariff normalisation to 10% - US tariffs on Indian shrimp were reduced from up to 50% to 10% effective February 2026, and the company anticipates US exports in FY27 will scale up significantly. The US is India's largest seafood market at \~35% of export value and supports strong unit realisations, so a tariff reset directly reopens the highest-value export channel.
3. China market entry with Black Tiger shrimp - China revenue contribution jumped from 1.4% in FY25 to 19% in FY26, driven by Black Tiger shrimp, which commands a premium over Vannamei at \~₹449/kg versus \~₹367/kg. The company is working with five customers and intends to penetrate deeper in FY27, adding a high-margin geography to the export mix.
4. Value-added product volume to double in FY27 - Value-added products made up roughly 7-10% of export volume in FY26, and management is hopeful of doubling that percentage by volume in FY27. The new PD Curl Control product launched in Russia delivers incremental EBITDA margins of 5% to almost 10% over base EBITDA, so a doubling of the value-added share directly lifts blended margins.
5. Processing plant utilisation ramp from 60% to 90% - The 7,500+ tonne processing plant operated at \~60% utilisation in FY25, and management is confident of reaching closer to 90% over the next 24 months. Moving from 4,700 tonnes to \~6,750 tonnes of throughput requires no new major capex, converting existing fixed-cost absorption into operating leverage.
6. EU market re-entry with existing certification - The company's plant already carries EU certification, and management intends to leverage it in upcoming quarters following the India-EU FTA, which points to tariff reductions of up to 26%. The EU imported 378.8 thousand tonnes of shrimp in 2024 with India holding only a 13% share, leaving a large addressable market for a certified processor.
7. Captive solar power plant - 1 MW - A 1 MW solar plant at the Nellore processing facility saw 310 kW commissioned in Q4 FY26, with the remaining 70% expected by end-Q1 FY27. Once fully online, the project saves an estimated ₹1.0-1.2 crore annually, flowing directly to the bottom line from Q2 FY27 onward.
8. Domestic market entry via Zomato Hyperpure - Sales to Zomato Hyperpure commenced in Q4 FY26, with initial focus on the HoReCa segment and R&D underway for ready-to-cook products targeting a December 2026 launch. The domestic shrimp market was valued at \~US$9.2 billion in 2024, offering a large diversification channel beyond exports.
9. Feed division R&D - insect protein as fishmeal alternative - Pilot farming projects integrating insect protein into shrimp feed were underway during FY26, and the company intends to build on that momentum. Successful commercialisation would lower the feed division's raw-material cost structure at a 20,000+ tonne mill that currently runs well below capacity.