GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence
13 Aug 2025 CW Team
GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.
Atul Garg, Managing Director, said:
"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the MENA region. We are in the process of setting up a subsidiary in Dubai to further drive our exports business."
During the quarter, GRM began supplying branded rice to 12 countries, supported by the popularity of its brand ambassador, Salman Khan. The company is engaging with new distribution partners and modern-trade retailers to expand its reach in Europe, Africa, and other emerging markets.
International & Domestic Business Updates
- International: Continued strength in Basmati rice exports; launch of the 10X brand in international markets.
- Domestic: Rice, atta, and value-added products sustained growth momentum. The company reduced focus on the edible oil category due to tariff uncertainties but plans to regain share with the launch of new ready-to-cook products under the Faashta brand, alongside its flagship offerings 10X Zarda King and 10X Classic Atta.
Looking ahead, GRM aims to transform into a diversified, innovation-led FMCG enterprise. The company’s strategic initiatives over the past year are expected to drive market share gains in both domestic and global markets, with a focus on delivering sustainable growth in the coming quarters.