Slide 1: Exchange filing cover letter
Date: February 05, 2026 To, To, The General Manager, The Manager, Listing Department, Listing & Compliance Department Bombay Stock Exchange Limited, The National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, C-1, Block G, Bandra Kurla Mumbai – 400 001 Complex, Bandra Eas
Slide 2: GRM Overseas Limited Q3 & 9M FY26 Investor Presentation
GRM Overseas Limited Q3 & 9 M FY26 Investor Presentation February 2025 BSE:531449 | CIN: L74899DL1995PLC064007 | www.grmrice.com
Slide 3: Safe Harbor
Safe Harbor This Presentation and the accompanying slides (the “Presentation”), which have been prepared by GRM Overseas Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: Contents
Contents Q3 & 9M FY26 Financial Highlights Company Overview Strategic Roadmap India Business International Business Historical Financial Highlights
Slide 5: Q3 & 9M FY26 Financial Highlights
Q3 & 9M FY26 Financial Highlights
Slide 6: Q3 & 9M FY26 Performance Snapshot
Q3 & 9M FY26 Performance Snapshot Figures in Rs. Crores Q3FY26 9MFY26 Total Income 492.6 + 28.9% 1,199.1 + 11.3% EBITDA 31.3 + 34.1% 87.3 + 28.7% EBITDA Margin 6.3% + 25 bps 7.3% + 98 bps (%) PAT 19.3 + 42.8% 53.1 + 30.3% PAT Margin 3.9% + 38 bps 4.4% + 65 bps Page No. 5 (%) Consolidated Financials
Slide 7: Key Financial Highlights
Key Financial Highlights Figures in Rs. Crores Total Income * Export Revenue Domestic Revenue 1,199.1 1,077.7 668.0 577.1 466.7 476.0 492.6 382.2 201.0 243.2 228.0 165.7 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 EBITDA & EBITDA Margin (%) PAT & PAT Margin (%
Slide 8: Q3 & 9M FY26 Income Statement
Q3 & 9M FY26 Income Statement Figures in Rs. Crores Particulars Q3FY26 Q3FY25 YoY (%) 9MFY26 9MFY25 YoY (%) Revenue from Operations 482.8 371.2 30.0% 1,172.0 1,056.8 10.9% Other Income 9.8 11.0 27.1 20.9 Total Income 492.6 382.2 28.9% 1,199.1 1,077.7 11.3% EBITDA 31.3 23.3 34.1% 87.3 67.8 28.7% EBIT
Slide 9: Company Overview
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Slide 10: GRM at a Glance
GRM at a Glance An enduring legacy of A Prominent Food FMCG Advanced Growing Domestic An Expansive over 5 Decades, player, boasting a Manufacturing Presence through a International Reach, originating in 1974 Widespread Footprint Facilities with an diverse selection of offering a varied range in both
Slide 11: Proven Track Record
Proven Track Record Transformation from a Rice Trader to one of Evolved into a prominent Food FMCG player the leading Rice Processor in India 1974 2019 2020 2025 Established as a partnership firm "Garg Rice & General mills“ Set-up a subsidiary “GRM Foodkraft Private Limited” to specifically focu
Slide 12: Business Synopsis
Business Synopsis Figures in Rs. Crores GRM Overseas Ltd International Business Consolidated India Business FY25 Revenue: GRM Overseas Ltd. Rs. 1,348 Crores GRM Foodkraft Pvt Ltd Standalone entity Subsidiary (91.48% shareholding) FY25 Revenue: Rs. 783 Crores FY25 Revenue: Rs. 539 Crores 100% WOS Sub
Slide 13: Advanced Manufacturing Capabilities
Advanced Manufacturing Capabilities Annual Production Capacity - 440,800 MT Panipat Naultha Gandhidham (Haryana), (Haryana), (Gujarat), Domestic Market Domestic Market Export Market Levers to achieve this growth: Production & Processing Facility GMP Certified ISO 22000.2005 Kosher Certified 3 Mill
Slide 14: Management Team
Management Team Atul Garg Mamta Garg Vedant Garg Chairperson & Executive Director Chief Financial Officer Managing Director • 20+ years of experience • 5+ years of experience • 5+ years of experience • A second generation entrepreneur, he has • Rich and versatile experience in the field of • A proce
Slide 15: Strategic Roadmap
Strategic Roadmap
Slide 16: A Prominent Food FMCG Player
A Prominent Food FMCG Player India Business International Business • GRM launched 10X brand in 2020 in the • GRM has become a trusted name in Basmati domestic market to focus on the food FMCG Rice industry globally market 59% • It is among the Top 5 exporters of basmati rice 41% • Building on its st
Slide 17: Vision for FY28
Vision for FY28 India Business International Business Revenue Revenue 57% 43% Rs. 539 Crores Rs. 2,000 Crores Rs. 783 Crores Rs. 1,500 Crores FY25 FY28 FY28 FY25 FY28 Growth Strategies for India Business Growth Strategies for International Business Penetrate aggressively into the Packaged Foods
Slide 18: India Business
India Business Vision to capture a strong foothold in the Indian Packaged Foods Market
Slide 19: Levers to Achieve Vision FY28
Levers to Achieve Vision FY28 Scaled existing products under 10X; now focusing on Building a House of Brands Funds available at disposal to fuel growth Robust distribution & supplier network in place Diverse range of products Strong Marketing Initiatives with Salman Khan endorsing 10X Page No. 18 Gr
Slide 20: Focus on Building a House of Brands
Focus on Building a House of Brands Scaled Existing products under 10X 10X Zarda King Rice 10X Atta & Oil Launched in : November 2022 Launched in : 2024 FY25 Revenue : ~ Rs. 150 Crores FY25 Revenue : ~ Rs. 340 Crores Focus on Building a House of Brands 10X Faashta 10X Ventures The “10X” brand will c
Slide 21: Funds Available at Disposal to Fuel Growth
Funds Available at Disposal to Fuel Growth Fund Raise GRM Overseas raised Rs. 136.5 Crores from prominent investors and promoters through the issue of share warrants on preferential basis to provide a cushion for future growth of the company Objective of Fund Raise Inorganic Expanding Operational Gr
Slide 22: Robust Distribution & Supplier Network
Robust Distribution & Supplier Network Enhancing Domestic Presence through both General Trade and Modern Trade General Trade Modern Trade 125 Distributors 103K+ Touch Point (Kirana Stores) Strong Supplier Network 1.3 Billion 240+ Target customers Suppliers Page No. 21 Less than 10 Between 11-20 More
Slide 23: Diverse Range of Products
Diverse Range of Products Rice | Atta | Oil Biryani Kits 10X Product Products to be Portfolio Relaunched Latest Range of Products Premium Premium 22 Premium Premium no 19 Premium Instant Coffee | Silk Blend Coffee | Ready to Drink Coffee | Besan Sooji Page No. Dalia Poha Maida Whole Beans | Ground C
Slide 24: Strong Marketing Initiatives
Strong Marketing Initiatives Onboarded Bollywood superstar Salman Khan as our Video Ad Campaigns Brand Ambassador Us Rishte Ki Baat Hi Khaas Hai | Link to Advertisement Launched CGI Ad Campaigns for 10X Zarda Continuous BTL Marketing efforts King Page No. 23 Link to CGI Campaign Link to CGI Campaign
Slide 25: Strong Industry Tailwinds
Strong Industry Tailwinds Packaged Foods Industry Indian Packaged Food Market (Rs. Tn) Indian Packaged Food Constituents (FY24) 1.9% CAGR 11.1% 17.3 Packaged Staples Target Market 6.1% Other Packaged ~ Rs. 7.4 Tn CAGR 10.8% 36.8% Foods 10.2 Packaged Dairy 72.3% of Total Packaged Foods Market 6.1 19.
Slide 26: International Business
International Business Vision to Consolidate and further Expand into Newer Geographies
Slide 27: Rich Heritage in Basmati Rice Exports
Rich Heritage in Basmati Rice Exports GRM is the among the Presence in over Distribution offices at UK, Top 5 Rice Exporters 50+ countries US, and Middle East Globally GRM International Business Revenue Basmati Rice Exports from India 783 CAGR 14% 50,312 652 29,848 Figures in Rs. Crores FY21 FY25 FY
Slide 28: Strategies for International Business
Strategies for International Business Maintain our hold in the Penetrate into newer markets with our own Private Label segment brands and increase our branded rice sales (Currently 95% Revenue Contribution) (Currently 5% Revenue Contribution) Received orders from government agency in Oman GRM ex
Slide 29: Historical Financials
Historical Financials
Slide 30: Key Financials
Key Financials Figures in Rs. Crores Total Income EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 1,392.2 1,345.0 1,374.2 1,171.4 140 11.1% 12% 90 7.2% 8% 9.2% 8.0% 5.7% 80 7.7% 7% 7.8% 120 10% 805.8 4.5% 4.6% 4.5% 70 6% 100 8% 60 5% 80 50 6% 4% 60 40 3% 4% 30 40 2% 20 2% 73.5 129.8 111.0 104.7 105.
Slide 31: Historical P&L Statement
Historical P&L Statement Figures in Rs. Crores Particulars FY21 FY22 FY23 FY24 FY25 Revenue from Operations 799.4 1,134.3 1,379.5 1,312.4 1,348.2 Other Income 6.4 37.1 12.8 32.5 26.0 Total Income 805.8 1,171.4 1,392.2 1,345.0 1,374.2 EBITDA 73.5 129.8 111.0 104.7 105.6 EBITDA Margin % 9.2% 11.1% 8.0
Slide 32: Historical Balance Sheet
Historical Balance Sheet Figures in Rs. Crores Particulars Mar 25 Sep 25 Particulars Mar 25 Sep 25 EQUITIES AND LIABILITIES ASSETS Non-Current Assets (D) Shareholders' Fund (A) (i) Property, Plant & Equipment 39.8 38.6 (i) Equity Share Capital 12.0 12.3 (ii) Capital Work-In Progress - 0.1 (ii) Other
Slide 33: Thank you
Thank you GRM Overseas Limited www.grmrice.com Sachin Narang Company Secretary and Compliance Officer Investor.relations@grmrice.com Ernst & Young LLP Vikash Verma I Rohit Anand | Riddhant Kapur Vikash.Verma1@in.ey.com I Rohit.Anand4@in.ey.com | Riddhant.Kapur@in.ey.com