GRM OVERSEAS LTD. Q2 FY26 Results

We are delighted to report a strong overall performance during the quarter, with EBITDA and PAT growing by 53.9% YoY and 60.5% YoY respectively. This growth was largely supported by a strong 72% YoY growth in exports, contributing to an overall revenue growth of 16% YoY, to Rs. 372 Crores. The exports business has witnessed robust traction driven by GRM’s strong presence in the key international markets for Basmati rice. During the quarter, the company established a fully owned subsidiary in the United Arab Emirates to act as a distribution and marketing centre for customers in the UAE and nearby international markets. This includes trading, importing, exporting, and distributing rice, food grains, and related products. Additionally, we have signed an agreement with Seven Star Company Limited in Riyadh, Saudi Arabia, to distribute our popular basmati rice brand ‘10X’ throughout the Saudi market. This partnership is an important step in GRM’s efforts to expand its presence in international markets, especially in the Middle East. We are also actively participating in important exhibitions and events around the world, such as those in Istanbul, Turkey, and Cologne, Germany, this quarter. These efforts are aimed at boosting our brand visibility on a global scale. In our domestic operations, we are dedicated to enhancing the brand presence of “10X” and strategically entering new markets. Our approach is focused and deliberate, ensuring that we effectively reach our target audience. Additionally, we are continuously expanding our product offerings, which will allow us to appeal to a broader range of customers. By diversifying our products, we aim to meet the varying needs and preferences of consumers, ultimately strengthening our market position and driving growth. We have also opened a new corporate office in Gurugram, which will offer the perfect ecosystem for our continued expansion and innovation. Going forward, we believe that by fostering innovation and diversifying our product offerings, we can better meet the evolving needs of consumers in both, the domestic and the international markets. Our focus on quality and customer satisfaction will be key drivers of our growth. With these strategies in place, we are confident that we will achieve sustainable growth in the coming quarters, paving the way fora successful future for GRM.”