GRM Overseas Limited, one of India’s leading basmati rice exporteRsand a growing consumer staples player has announced the financial results for the third quarter and nine months ended 31st December, 2021.
Key Highlights
With the incorporation of “GRM Foodkraft Private Limited” a majority owned subsidiary of GRM, the Company has been expanding its domestic footprints through its own “10X” brand by pushing its presence both in General trade and Modern trade. The Company’s tie-up with around 125+ distributoRsand around 103,545 Kirana stores and also availability of its products at various modern trade and ecommerce platform such as Jio Mart, udaan, Amazon India, ElasticRun, Walmart India, etc among otheRswill help it strengthen 10X brand presence and product reach while keeping it competitive and driving its revenue and profitability.
The Company proudly upholds its tradition of bringing world-class products to consumeRsand is strategically introducing various Direct-to-Consumer (D2C) products enabling it to reach a wider consumer base in the domestic market. The Company recently expanded its D2C product offerings by adding Ready-to-Cook Biryani Kit in December 2021 under its growing 10X brand portfolio.
Our focus is on improving the Company’s brand visibility and are well poised to meet the increasing demand and move up in the food value chain by creating India’s largest and trusted standalone consumer staples brand. With more high margin products likely to be introduced in coming quarters, GRM is well-positioned to enter into a new era of growth and to create maximum value for all our stakeholders.”
On Tuesday early morning trade, GRM Overseas was trading at Rs780.85 per piece lower by 4.99% on the BSE.
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