NSEPress Release12 Aug 2026 · 12 Aug 2026, 07:16 pm
Press Release
GRM Overseas Limited · GRMOVER
✦ AI Summary▲ PositiveResults
GRM Overseas Limited has reported its Q1FY27 financial results, with total revenue increasing by 27.7% YoY to Rs. 427 Crores, EBITDA growing by 13.9% YoY to Rs. 36 Crores, and PAT surging by 12.1% YoY to Rs. 21 Crores.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment8/10
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Full Announcement
GRM Overseas Limited has informed the Exchange regarding a press release dated August 12, 2026, titled "Press Release Financial Highlights of the Company for the Quarter ended June30, 2026".
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Date: August 12, 2026
The General Manager, The Manager,
Listing Department, Listing & Compliance Department
Bombay Stock Exchange Limited, The National Stock Exchange of India Limited
P.J. Towers, Dalal Street, Exchange Plaza, C-1, Block G, Bandra Kurla
Mumbai – 400 001 Complex, Bandra East, Mumbai – 400051
Scrip Code: 531449 Symbol: GRMOVER
Subject: Press Release – Financial Highlights of the Company for the Quarter ended June
30, 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 ended June 30, 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 Narang
Company Secretary & compliance Officer
Membership No.: 65535
Encl.: As above
GRM Overseas Limited Reports Strong
Q1FY27 Performance
Total Revenue at Rs. 427 Crores in Q1FY27, up 27.7% YoY
EBITDA at Rs. 36 Crores, grew by 13.9% YoY
PAT surged by 12.1% YoY to Rs. 21 Crores
Panipat, Haryana, 12th August 2026: GRM Overseas Limited (herein referred to as
“GRM”) announced the unaudited financial results for the First Quarter of FY27.
Speaking about the performance and recent updates, Mr. Atul Garg, Managing
Director, said :“We are pleased to begin FY27 on a positive note, delivering 27.7% YoY growth
in Total Revenue during Q1FY27. EBITDA grew by 13.9% YoY and PAT increased by 12.1% YoY,
supported by the higher scale of operations.
Total Revenue (Rs. Crores) PAT (Rs. Crores)
334 19
Q1FY26 Q1FY27 Q1FY26 Q1FY27
Our domestic business delivered a strong performance during the quarter, led by the branded
segment, which grew 25% YoY to ₹116 Crores, while the unbranded segment recorded growth
of over 2x. We continue to invest in expanding the 10X franchise through broader market reach,
product innovation, and focused brand-building efforts, supported by improving market
presence and consumer acceptance. These initiatives are aligned with our long-term strategy
of expanding consumer access and creating a diversified, scalable consumer staples
platform.
The Company's international business reported a healthy 7% YoY growth during the quarter
despite prevailing geopolitical challenges, underscoring the resilience of its business model
and market presence. We remain focused on strengthening our footprint across key
international markets while steadily scaling our branded portfolio alongside our established
private-label operations. Our growth strategy is driven by deeper customer engagement in
existing markets, expansion into select new geographies, and continued investments in
distribution and market reach.
As we progress through FY27, our priorities remain clear on strengthening the 10X brand in India,
expanding our branded presence internationally and leveraging our established sourcing,
processing and distribution capabilities to drive sustainable growth. While the operating
environment continues to remain dynamic, we believe our diversified presence across
domestic and international markets, supported by a disciplined approach to execution,
provides us with a strong base to pursue our long-term growth objectives.”
Consolidated Financial Highlights:
Particulars (Rs. Crores) Q1FY27 Q1FY26 YoY (%) FY26
Total Revenue 427.0 334.4 27.7% 1,805.9
EBITDA 36.0 31.6 13.9% 127.0
EBITDA Margin % 8.4% 9.5% 7.0%
PAT 21.4 19.1 12.1% 76.0
PAT Margin % 5.0% 5.7% 4.2%
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.
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:
Ernst & Young LLP
GRM Overseas Limited
Rohit Anand I Dhruv Bansal | Riddhant Kapur
Sachin Narang
rohit.anand4@in.ey.com I
Company Secretary and Compliance Officer
dhruv.bansal1@in.ey.com
Investor.relations@grmrice.com
riddhant.kapur@in.ey.com
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.