4,500 Per Cent Returns: Multibagger FMCG Stock In Focus As Basmati Rice & Wheat Flour Company Unveils New Packaging Featuring Salman Khan On 10X Products
The stock gave multibagger returns of 2,185 per cent in 5 years and a whopping 4,500 per cent over a decade.
On Tuesday, the shares of GRM Overseas Ltd surged 2 per cent to an intraday high of Rs 275.25 per share from its previous closing of Rs 269.85. The stock’s 52-week high is Rs 288.60 while its 52-week low is Rs 114.15. The company has a market cap of over Rs 1,600 crore.
GRM Overseas Limited, a leading name in India’s FMCG sector, unveils its new packaging for the 10X brand range, featuring Bollywood superstar Salman Khan. This strategic move aligns with GRM’s mission to elevate its brand presence and strengthen its connection with consumers across India and beyond.
The updated packaging, which prominently showcases Salman Khan, will be rolled out across the entire 10X product range, including basmati rice, flour, and other offerings. The new look combines a modern, sleek design with a vibrant colour palette, emphasizing 10X’s commitment to quality and authenticity. The packaging reflects the brand’s dynamic energy, making it an appealing choice for today’s discerning consumers who seek both quality and brand trust.
The packaging redesign is part of GRM’s broader strategy to refresh the 10X brand and enhance its visibility in the highly competitive FMCG market. By associating with Salman Khan, GRM aims to leverage his immense popularity to connect with millions of consumers across various demographics, especially in India and key international markets. This collaboration reflects GRM’s continuous efforts to innovate and bring the best of Indian food products to households around the world.
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GRM Overseas Ltd, a leading Indian company in the basmati rice industry, mills, processes, and markets both branded (like their 10X brand) and non-branded basmati rice for both domestic consumption and international export. Their product range goes beyond just basmati rice, also including atta flour (Shakti Chakki Fresh) and ready-to-cook biryani kits in various regional styles like Moradabadi, Hyderabadi and Lucknowi.
According to Quarterly Results, the company reported net sales of Rs 405.93 crore in Q1FY25 compared to net sales of Rs 433.63 crore in Q1FY24. The net sales increased by 87.67 per cent to Rs 21.17 crore in Q1FY25 compared to Q1FY24. In its annual results, the company reported net sales of Rs 1,312.44 crore and net profit of Rs 60.72 crore in FY24.
As of June 2024, the company's promoters bought 73,000 shares and increased their stake to 72.29 per cent and FIIs increased their stake to 0.67 per cent compared to 72.16 per cent and 0.26 per cent, respectively in March 2024. The shares of the company have an ROE of 21 per cent and an ROCE of 15 per cent. The stock gave multibagger returns of 2,185 per cent in 5 years and a whopping 4,500 per cent over a decade. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.