Panipat [Haryana], August 13: 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,...
Harshita Choudhary Verified Public Figure • 30 Mar, 2026Chief Editor
Panipat [Haryana], August 13: 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.
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.
Do you want to receive news updates on WhatsApp?
Get the latest and most reliable news updates instantly on WhatsApp. Join now and be the first to read every story.
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.”
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.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
