GRM Overseas promoter ups stake as basmati exporter's Q4 revenue doubles
Promoter Mamta Garg bought 99,546 shares of GRM Overseas on June 17, lifting promoter group holding to 62.98%. The basmati rice exporter, India's third-largest, posted Q4FY26 revenue of Rs 597 crore (up 105%) and net profit of Rs 21.61 crore. Stock trades near Rs 93.50.
What happened
GRM Overseas, India's third-largest basmati rice exporter, saw promoter Mamta Garg buy 99,546 shares on June 17. Promoter group holding rose to 62.98%. Q4FY26
Key facts
- 99,546 shares
- 4.50 lakh shares
- 0.22%
- 13.05 crore shares
- 62.98%
- Q4 net profit Rs 21.61 cr (+5.51%)
- Q4 revenue Rs 597.20 cr (+104.94%)
- EBITDA Rs 30 cr
- share price Rs 93.50
Why this matters
As India's third-largest basmati exporter with accelerating topline and consolidating promoter control, GRM is positioning for either bolt-on acquisitions or becoming a strategic target itself.