347.80 -18.30 (-5.00%)
Basmati rice exporter GRM Overseas declares Q4FY22 result:
Speaking about the performance, Mr. Atul Garg, Managing Director, said: “We have delivered a strong performance during the year and we believe the roadmap is now set for future growth as we have been gaining momentum across categories. Further, inclusion of Mr. Sanjeev Dar as CEO and Mr. Dinesh Chhatra as COO for GRM Foodkraft have strengthen our managerial team and we are confident to drive strong domestic performance through building our 10X brand.
Basmati rice export, which is a major revenue contributor of GRM is further expected to grow at a steady pace of 7% CAGR till FY2025, should help the company to report a stable performance. Foodkraft business would grow at a much stronger pace with the induction of our 10X brand in newer markets along with launch of packaged wheat (flour) and expected launch edible oil in coming quarter. With strong brand visibility and increasing product categories, we are progressing well to become one of the Largest & Trusted Standalone Consumer Staple Brand in India.”