Agricultural Products company GRM Overseas announced Q1FY26 results Total Revenue at Rs 334.4 crore in Q1FY26. EBITDA for Q1FY26 was at Rs 31.6 crore, up by 10.4% YoY from Rs 28.6 crore in Q1FY25. EBITDA Margin stood at 9.5% in Q1FY26, expanded by 182 bps. PAT at Rs 19.1 crore, with a margin of 5.7% in Q1FY26 vs 4.8% in Q1FY25. Atul Garg, Managing Director, said: “We have reported a positive performance in terms of margins and profitability, despite facing some short-term hiccups in the topline with respect to global geopolitical issues. We remain focused on expanding our product portfolio, supported by strengthening our brand visibility and deepening our distribution network. On the international front, GRM has continued to maintain its strong position in the Basmati Rice export market, with a solid base in the MENA region. We are also on the verge of setting up a subsidiary in Dubai to drive our export business. During the quarter, we started supplying branded rice to twelve countries, which has gained popularity due to the mass appeal of Salman Khan, our brand ambassador. Further, we are actively engaging with new distribution partners and modern-trade retailers to unlock fresh opportunities across geographies and also expanding footprints in the major markets like Europe, Africa and other new territories. Result PDF
Agricultural Products company GRM Overseas announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Revenue at Rs 296.5 crore in Q4FY25 EBITDA for Q4FY25 was at Rs 37.8 crore, up by 12.7% YoY from Rs 33.5 crore in Q4FY24. EBITDA Margin stood at 12.7% in Q4FY25 PAT at Rs 20.5 crore, with a margin of 6.9% in Q4FY25 FY25 Financial Highlights: Total Revenue at Rs 1,374.2 crore, grew by 2.2% YoY, from Rs 1,345.0 crore in FY24 EBITDA stood at Rs 105.6 crore with a margin of 7.7% in FY25, as against Rs 104.7 crore with a margin of 7.8% in FY24 PAT was reported at Rs 61.2 crore as compared to Rs 60.7 crore in FY24 Speaking about the performance and recent updates, Atul Garg, Managing Director, said: “FY25 has been a year of consolidation for GRM, as we intensified our focus on the domestic FMCG business. This strategic shift has been well supported by strong marketing initiatives, including the signing of Bollywood superstar Salman Khan as the brand ambassador. Consequently, the company’s overall performance has remained consistent with the previous year, while the India business has witnessed strong growth. The revenue from India business more than doubled to Rs 539 crore during the year, driven by robust performance in product categories like Edible Oil, Atta, and Rice including 10X Zarda King. We foresee a significant improvement in the business going forward supported by consistent introduction of product ranges and penetration into newer Tier-2 and Tier-3 markets. This will be further bolstered by 10X Ventures, where we aim to invest Rs 200 crore in digital-first new-age D2C brands. In the International business, we are actively eyeing to expand into new geographies through partnerships with major regional distributors and prominent modern-trade retailers. Currently, GRM is among the Top 5 exporters of Basmati Rice globally, with the International business contributing 59% to FY25 Revenue. The company has established a major presence in the MENA region, and a growing presence in USA and UK markets. In conclusion, we are actively engaged in redefining our identity and transforming our business model. We have implemented a series of strategic initiatives to ensure that we are positioned correctly to emerge as a leading player in the Indian FMCG industry.” Result PDF
Agricultural Products company GRM Overseas announced Q3FY25 results Total Revenue at Rs 382.2 crore as compared to Rs 320.2 crore in Q2FY25, up by 19.4% QoQ EBITDA at Rs 23.3 crore with a margin of 6.1% in Q3FY25, against 5.0% margin in Q2FY25 PAT stood at Rs 13.5 crore, a QoQ growth of 47.3% from Rs 9.2 crore in Q2FY25 Atul Garg, Managing Director, said: “During Q3FY25, the company reported a total revenue of Rs 382 crore, registering a growth of 19% QoQ with EBITDA margin improving by 114 bps QoQ to 6.1%. Our exports business is progressing well, and as per our growth strategy, we are looking to enter newer geographies through partnerships with distributors and penetration of our own brand “Tanoush” Under GRM Foodkraft’s flagship brand 10X, we offer a wide range of staples like basmati rice, atta, and oil, which have been widely accepted in Tier II and Tier III cities. The Foodkraft business has grown remarkably by 1.7x to Rs 459 crore in 9MFY25. The company will be adding range of products under its modern brand, Faashta, focussing on ready-to-cook and ready-to-eat offerings such as biryani kits, noodles, dosa & idli mix and poha. Post the successful fundraising in August 2024, with prominent investors coming on board, the company is poised for growth through acquisitions and strengthening the professional leadership team. The strategic investment in Rage Coffee aligns perfectly with our vision to drive growth in digital-first, health focused, and lifestyle brands. With the onboarding of Barun Prabhakar as the Group Chief Marketing Officer, the company is optimistic to achieve the target of high single digit market share in the food FMCG industry in India. The company is taking all the right initiatives and steps towards becoming a prominent player in the Indian FMCG industry.” Result PDF