GRM Overseas Q3 Results: Revenue Jumps 29%, Profit Soars 43%; Domestic Brand Crosses Rs 200 Cr

GRM Overseas Limited announced the unaudited financial results for the quarter and nine months ended December 31,2025. Total revenue at Rs. 492.6 Crores in Q3FY26 grew by 28.9% YoY from Rs. 382.2 Crores in Q3FY25. EBITDA for Q3FY26 was at Rs. 31.3 Crores, up by 34.1% YoY from Rs. 23.3 Crores in Q3FY25. EBITDA margin stood at 6.3% in Q3FY26. Net profit reached Rs. 19.3 Crores, surging by 42.8% YoY, with a margin of 3.9% in Q3FY26 vs. 3.5% in Q3FY25.

The total revenue for 9MFY26 was Rs. 1,199.1 crores, up 11.3% YoY from Rs. 1,077.7 crores in 9MFY25. In 9MFY26, EBITDA increased by 28.7% YoY to Rs. 87.3 crores. In 9MFY26, the EBITDA margin was 7.3%, up from 6.3% in 9MFY25. Net profit improved 30.3% YoY to Rs. 53.1 crores for 9MFY26 from Rs. 40.8 crores for 9MFY25. In 9MFY26, the PAT margin was 4.4%.

Mr. Atul Garg, Managing Director, said: "During the third quarter of FY26, GRM Overseas delivered a 28.9% YoY growth in Total Revenue, supported by strong demand across both, international and domestic markets. GRM has maintained strong positioning in its core international markets and reported a growth of 21% YoY backed by a steady demand for premium basmati rice, despite ongoing geopolitical uncertainties. The Domestic branded business also witnessed significant traction, as it crossed Rs. 200 Crores sales in a single quarter for the first time. This business has reported a growth of 26% YoY, on account of increasing acceptance of the Company's branded products in the major domestic markets."

"The Company registered a strong EBITDA and PAT growth of 34.1% YoY and 42.8% YoY respectively, underlining the strength of our execution capabilities. In 9MFY26, PAT grew by an impressive 30.3% YoY despite a 11.3% YoY growth in total revenue. During the quarter, the Company successfully completed its bonus issue in the ratio of 2:1, reflecting the Board's confidence in GRM Overseas' long-term growth prospects and commitment to rewarding shareholders," he stated.

"Looking ahead, we remain confident in our prospects and expect strong growth momentum to continue in the long-term. The exports business will continue to be a key growth driver for the company backed by its strong position in the key international basmati rice markets as well as the company's efforts to penetrate in new markets with the branded basmati rice. On the domestic front, we will continue to focus on strengthening "10X" brand presence through strategic market expansion and deeper channel penetration. With continued emphasis on product quality, brand development, diversification, and disciplined execution, GRM Overseas is well placed to capture opportunities in both domestic and international markets and deliver sustainable long-term value," Atul Garg further added.

In the initial stages, GRM exported rice to the UK and the Middle East. GRM has established a market for its rice in 42 countries by progressively broadening its reach, earning the distinction of being one of India's top 5 rice exporters. GRM has three rice processing facilities in Panipat, Haryana; Naultha, Haryana; and Gandhidham, Gujarat, with a combined yearly output capacity of 4,40,800 MT. In addition, the company has a 1.75 lakh square foot warehouse next to the Gandhidham factory that allows for quick exports from the ports of Kandla and Mundra.