A STUDY ON COST AND PROFITABILITY OF AQUA COMPANIES
The aquaculture industry in India has grown into one of the most economically vital sectors, contributing significantly to export revenues, rural employment, and food security. Despite this growth, aqua companies face a persistent challenge: the gap between rising operational costs and fluctuating profitability. This study examines the cost structures and profitability dynamics of select aqua companies in India, with a particular focus on how capital allocation, production expenses, and marketing outlays influence net returns. By analysing financial statements and applying accounting ratios, the study offers a nuanced understanding of where value is created and where it is eroded within the aquaculture value chain. The findings reveal that companies with lean cost management frameworks and diversified product portfolios consistently outperform peers on profitability indicators, while firms burdened by high fixed costs and narrow market bases are vulnerable to cyclical price shocks. The study concludes with strategic recommendations for cost rationalisation, investment prioritisation, and sustainable profitability improvement.
N, P. (2026). A Study on Cost and Profitability of Aqua Companies. International Journal of Science, Strategic Management and Technology, 02(05). https://doi.org/10.55041/ijsmt.v2i5.529
N, Poovarasan.. "A Study on Cost and Profitability of Aqua Companies." International Journal of Science, Strategic Management and Technology, vol. 02, no. 05, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i5.529.
N, Poovarasan.. "A Study on Cost and Profitability of Aqua Companies." International Journal of Science, Strategic Management and Technology 02, no. 05 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i5.529.
2.Engle, C. R., & Quagrainie, K. (2006). Aquaculture Marketing Handbook. Blackwell Publishing.
3.Fernandez, M., Silva, R., & Costa, P. (2023). Cost efficiency in food processing enterprises: A comparative study. International Journal of Production Economics, 255, 108687.
4.Marine Products Export Development Authority (MPEDA). (2024). Annual Report 2023–24. Government of India.
5.Mohanty, B., & Tripathy, N. (2020). Working capital management and profitability: Evidence from Indian aquaculture companies. Journal of Agricultural Finance Review, 80(3), 412–428.
6.Nair, R., & Krishnan, M. (2014). Financial performance analysis of shrimp farming enterprises in Andhra Pradesh. Indian Journal of Fisheries, 61(2), 118–124.
7.Vanhaltren, C. J., & Bharathi, S. (2026). The influence of Big Five personality traits on self-efficacy: An empirical study among Generation Z undergraduate students. Minnesota Journal of Business Law and Entrepreneurship, 721–732.
8.National Fisheries Development Board (NFDB). (2023). Indian Fisheries: Statistical Handbook. Government of India.
9.Sunderarajan, A., Balaji, K., & Priya, R. (2018). Return on investment in Indian aquaculture: A panel study. Journal of Aquaculture Management, 14(1), 56–71.
10.Velmurugan, P., & Maran, K. (2011). Cost accounting practices and profitability of aqua processing companies in Tamil Nadu. Indian Journal of Commerce, 64(4), 78–89.