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GRM Overseas Ltd. Earnings Release 2026
60532_rns_2026-05-30_eca89cdb-1d07-482e-a4ad-5494bf37ecb1.pdf
Earnings Release
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GRM OVERSEAS LIMITED
GRM
Date: May 30, 2026
| To, The General Manager, Listing Department, Bombay Stock Exchange Limited, P.J. Towers, Dalal Street, Mumbai - 400 001
Scrip Code: 531449 | To, The Manager, Listing & Compliance Department The National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra East, Mumbai - 400051
Symbol: GRMOVER |
| --- | --- |
Subject: Press Release - Financial Highlights for Quarter and Financial Year ended March 31, 2026
Dear Sir/Madam,
In Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find herewith the attached Press Release regarding the Financial Highlights of the Company for the quarter and financial year ended March 31, 2026.
The above information is also available on the website of the company at www.grmrice.com.
You are requested to kindly take the same on your record.
Kindly take the same on your records.
For GRM Overseas Limited
SACHIN
Digitally signed by
SACHIN NARANG
Date: 2026.05.30
20:03:19 +05'30'
NARANG
Sachin Narang
Company Secretary & compliance Officer
Membership No.: 65535
Encl.: As above
10X RICE
10X SPICES
TANOUSH ORGANIC
Benti
Himalaya
R
Registered Office
128, First Floor,
Shiva Market Pitampura,
Delhi 110034, India. • +91-11-4733 0330
Corporate Office
8 K.M. Stone, Gohana-Rohtak Road
Village Naultha, Panipat 132145
Haryana, India • +91-972964 7000/8000
Factory
• Gohana Road (Panipat), Haryana
• Naultha (Panipat), Haryana
• Gandhidham, Gujarat
CIN: L74899DL1995PLC064007
[email protected]
www.grmrice.com
Press Release
30th May 2026
GRM Overseas Limited
Building India's Most Trusted Consumer Staple
GRM Overseas Limited Reports Remarkable FY26 Performance
Total Revenue at Rs. 1,806 Crores in FY26, up 31.4% YoY
EBITDA at Rs. 127 Crores, grew by 20.2% YoY
PAT surged by 24.2% YoY to Rs. 76 Crores
Panipat, Haryana, 30th May 2026: GRM Overseas Limited (herein referred to as "GRM") announced the audited financial results for the quarter and financial year ended March 31, 2026.
Speaking about the performance and recent updates, Mr. Atul Garg, Managing Director, said: "GRM Overseas has delivered a strong performance in FY26, with Total Revenue growing by 31.4% YoY, driven by increased traction in the domestic business, as well as sustained demand in international markets. EBITDA for the year also registered a 20.2% growth, while margins were largely sustained despite geopolitical hiccups on account of increased scale in the domestic business, as well as GRM's focus on operational efficiencies.
The branded domestic business has gained significant momentum this year, with Revenues crossing Rs. 740 Crores in FY26, representing a year-on-year increase of 37%. In Q4FY26 alone, the domestic business recorded a revenue of Rs. 340 crores, which is a noteworthy achievement. This
10X RICE
10X SPICES
TANOUSH ORGANIC
Benti
Himalaya
Registered Office
128, First Floor,
Shiva Market Pitampura,
Delhi 110034, India • +91-11-4733 0330
Corporate Office
B K.M. Stone, Gohana-Rohtak Road
Village Nauttha, Panipat 132145
Haryana, India • +91-972964 7000/8000
Factory
• Gohana Road (Panipat), Haryana
• Nauttha (Panipat), Haryana
• Gandhidham, Gujarat
CIN: L74899DL1995PLC064007
www.grmrice.com
impressive growth reflects the company's successful strategies, increased customer demand, and effective execution across various segments. The upward trajectory in revenue underscores the business' resilience and its ability to capitalize on emerging opportunities within the domestic market. During the quarter, we further strengthened our product portfolio with the launch of "10X Basmati Rice suitable for Diabetics", marking an important step in our strategy to build a globally relevant, health-oriented product range. This product is a direct response to the growing need of healthy food & lifestyle choices and is our entry into the diabetic food market, which is expected to grow at a CAGR of 6-8% globally and approximately 10% in India in the next few years.
The international business delivered a sustained performance in FY26, with revenue increasing by 9% YoY to Rs. 854 Crores. While, during the quarter, the international business performance was subdued, due to ongoing geopolitical tensions in the Middle East. However, we are confident that as we are expanding our presence in the other markets and diversifying our footprints, the overall international business will perform well going forward.
As we conclude FY26, GRM Overseas stands stronger, more diversified, and well positioned for the future. Backed by a consistent focus on quality, brand development, and disciplined execution, we remain confident in our growth trajectory. While the operating environment remains dynamic, our resilient business model provides a strong foundation to deliver sustainable value for all stakeholders."
Consolidated Financial Highlights:
| Particulars (Rs. Crores) | Q4FY26 | Q4FY25 | YoY (%) | FY26 | FY25 | YoY (%) |
|---|---|---|---|---|---|---|
| Total Revenue | 606.8 | 296.5 | 104.6% | 1,805.9 | 1,374.2 | 31.4% |
| EBITDA | 39.7 | 37.8 | 5.1% | 127.0 | 105.6 | 20.2% |
| PAT | 22.9 | 20.5 | 12.0% | 76.0 | 61.2 | 24.2% |
About GRM Overseas:
From humble inception in 1974 to redefining itself in the form of GRM, the Company has travelled a long way since then. Initially set up as a rice processing and trading house, it is growing to become a consumer staples organisation. During the initial years, GRM exported rice to the Middle East, and United Kingdom. Gradually expanding its reach, GRM has developed a market for its rice in 55+ countries, thereby achieving the title of the being among the top 5 Rice Exporters in India. GRM has three rice processing units with an overall annual production capacity of 4,40,800 MT-based out of Panipat (Haryana), Naultha (Haryana) and Gandhidham (Gujarat). Additionally, the Company has a warehousing facility of 1.75 Lakhs sq. ft. space adjacent to the Gandhidham plant facilitating speedy shipments from Kandla and Mundra ports.
10X RICE
10X SPICES
TANOUSH ORGANIC
Benti
Himalaya
Registered Office
128, First Floor,
Shiva Market Pitampura,
Delhi 110034, India • +91-11-4733 0330
Corporate Office
B.K.M. Stone, Gohana-Rohtak Road
Village Naultha, Panipat 132145
Haryana, India • +91-972964 7000/8000
Factory
• Gohana Road (Panipat), Haryana
• Naultha (Panipat), Haryana
• Gandhidham, Gujarat
CIN: L74899DL1995PLC064007
www.grmrice.com
GRM sells products under its brands, namely "10X", "Himalaya River" & "Tanoush," and also sells through private label arrangements under customers' brands. GRM has endeavoured to reach consumers directly with its brands and products in recent years. By placing its products on the shelves of several major retailers in India and abroad, GRM has ensured that the end consumer always has easy access to their high-quality products. The Company aims to deliver the best quality products to customers with stringent and proactive quality control procedures in place, according to international requirements.
For more information, please contact:
| GRM Overseas Limited | Ernst & Young LLP |
|---|---|
| Sachin Narang | Rohit Anand I Dhruv Bansal |
| Company Secretary and Compliance Officer | [email protected] |
| [email protected] | [email protected] |
Disclaimer:
Certain statements in this document that are not historical facts, are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political, or economic developments, industry risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. GRM Overseas will not be responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
10X RICE
10X SPICES
TANOUSH ORGANIC
Benti
Himalaya River
Registered Office
128, First Floor,
Shiva Market Pitampura,
Delhi 110034, India. • +91-11-4733 0330
Corporate Office
B K.M. Stone, Gohana-Rohtak Road
Village Nauttha, Panipat 132145
Haryana, India • +91-972964 7000/8000
Factory
• Gohana Road (Panipat), Haryana
• Nauttha (Panipat), Haryana
• Gandhidham, Gujarat
CIN: L74899DL1995PLC064007
www.grmrice.com