Grob Tea Q1FY27 Results: Profit Jumps to ₹326.85 Lakhs, Welcomes New Director
The Grob Tea Company Limited reported a profit before tax of ₹326.85 Lakhs for the quarter ended June 30, 2026. The Board accepted the resignation of Independent Director Mr. Niraj Kumar Harodia. The company also completed the acquisition of Bazaloni Group Limited for ₹2.16 Cr.
The substantial increase in profit and the strategic acquisition of a wholly-owned subsidiary are material events that are likely to have a significant impact on the company's financial performance and market position.
The company reported a significant turnaround in profitability for the quarter, moving from a loss to a substantial profit. While there was a director resignation, the financial performance and a strategic acquisition contribute to a positive sentiment.
The Grob Tea Company Limited announced its un-audited financial results for the quarter ended June 30, 2026, following a Board Meeting held on August 12, 2026. The company reported a profit before exceptional items and tax of ₹326.85 Lakhs for the quarter, a significant improvement from the loss of ₹1,717.11 Lakhs in the previous quarter and a profit of ₹135.39 Lakhs in the corresponding quarter of the previous year. Total income for the quarter stood at ₹2,450.72 Lakhs.
The Board also approved the Cost Audit Report for the Financial Year 2025-2026, prepared by M/s Dipak Lal & Associates. Furthermore, the company proposed and approved Inter Corporate Deposits and Other Loans for FY 2026-2027, as recommended by the Audit Committee and sanctioned by the Finance Committee.
In a significant development, the Board took note of and accepted the resignation of Mr. Niraj Kumar Harodia, Independent Director, effective from the close of business hours on August 12, 2026, due to personal reasons and other commitments. Consequently, the Board approved the reconstitution of certain committees, including the Audit Committee, Nomination and Remuneration Committee, and the Independent Director's Committee, with effect from August 13, 2026. The new committee compositions have been detailed.
The company also disclosed that it acquired 100% of the equity share capital of Bazaloni Group Limited on July 28, 2026, for ₹2.16 Cr, making it a Wholly Owned Subsidiary. This acquisition is considered a non-adjusting event as it occurred after the reporting period.
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