Financial Performance Overview

GRM Overseas Limited announced unaudited financial results for the first quarter of FY27 (Q1FY27) ended June 30, 2026.

Revenue Performance:

  • Total Revenue: ₹427.0 Crores in Q1FY27, representing 27.7% year-over-year (YoY) growth from ₹334.4 Crores in the same quarter previous year
  • Full-year FY26 reference: ₹1,805.9 Crores

Profitability Metrics:

  • EBITDA: ₹36.0 Crores in Q1FY27, grew by 13.9% YoY from ₹31.6 Crores
  • EBITDA Margin: 8.4% in Q1FY27 compared to 9.5% in Q1FY26 (110 bps contraction)
  • Full-year FY26 EBITDA: ₹127.0 Crores with 7.0% margin
  • PAT: ₹21.4 Crores in Q1FY27, increased by 12.1% YoY from ₹19.1 Crores
  • PAT Margin: 5.0% in Q1FY27 compared to 5.7% in Q1FY26 (70 bps contraction)
  • Full-year FY26 PAT: ₹76.0 Crores with 4.2% margin

Segment-wise Performance

Domestic Business:

  • Delivered strong performance during the quarter
  • Branded segment: Grew 25% YoY to ₹116 Crores
  • Unbranded segment: Recorded growth of over 2x (100%+)

International Business:

  • Reported healthy 7% YoY growth despite prevailing geopolitical challenges
  • Demonstrates resilience of business model and market presence

Strategic Initiatives and Management Commentary

Mr. Atul Garg, Managing Director, commented on the performance:

Growth Drivers:

  • Higher scale of operations supported profitability growth
  • Continued investment in expanding the 10X franchise through:
  • Broader market reach
  • Product innovation
  • Focused brand-building efforts
  • Improving market presence and consumer acceptance

Strategic Priorities for FY27:

  • Strengthening the 10X brand in India
  • Expanding branded presence internationally
  • Leveraging established sourcing, processing and distribution capabilities
  • Driving sustainable growth

Market Approach:

  • Diversified presence across domestic and international markets
  • Disciplined approach to execution
  • Focus on deeper customer engagement in existing markets
  • Expansion into select new geographies
  • Continued investments in distribution and market reach

Company Background

GRM Overseas Limited is a consumer staples organization with:

  • Three rice processing units with overall annual production capacity of 4,40,800 MT
  • Locations: Panipat (Haryana), Naultha (Haryana), and Gandhidham (Gujarat)
  • Warehousing facility of 1.75 Lakhs sq. ft. space adjacent to Gandhidham plant
  • Market presence in 55+ countries
  • Among top 5 rice exporters in India

Brand Portfolio:

  • "10X", "Himalaya River" & "Tanoush" brands
  • Private label arrangements under customers' brands
  • Products available through major retailers in India and abroad

Financial Table Summary

| Metric | Q1FY27 (₹ Cr) | Q1FY26 (₹ Cr) | YoY Growth | FY26 Full Year (₹ Cr) |

| 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% |