5,350 Per Cent Multibagger Returns: FMCG Stock In Green After Reporting Positive Numbers In Q3FY25 & 9MFY25; Details Inside
The stock gave multibagger returns of 2,100 per cent in 5 years and a whopping 5,350 per cent over a decade
On Friday, the shares of GRM Overseas Ltd surged 0.15 per cent to Rs 241.15 per share from its previous closing of Rs 240.85 per share. The stock’s 52-week high is Rs 288.60 per share while its 52-week low is Rs 114.15 per share. The company has a market cap of over Rs 1,400 crore.
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 basmati rice, 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 371.24 crore in Q3FY25 compared to net sales of Rs 315.49 crore in Q2FY25, an increase of 18 per cent. The net profit increased by 47 per cent to Rs 13.54 crore in Q3FY25 compared to Q2FY25. In its nine-month results, the net sales increased by 17 per cent to Rs 1056.81 crore and net profit increased by 3 per cent to Rs 40.76 in 9MFY25 compared to 9MFY24.
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Recently, 10X has relaunched its brand with a fresh new look, including redesigned packaging and a striking CGI video campaign starring Bollywood icon Salman Khan. The campaign has already created considerable excitement online, highlighting the brand's commitment to quality, innovation, and modern style. Securing Salman Khan as brand ambassador is a strategic coup, leveraging his global popularity and vast fanbase to boost 10X's visibility and customer engagement. The redesigned products are now available and have received positive reviews. With Salman Khan's charisma, cutting-edge campaign, and eye-catching packaging, 10X is set to strengthen its position in the FMCG market. This rebranding not only appeals to current customers but also positions 10X for substantial growth.
The shares of the company have an ROE of 19 per cent and an ROCE of 13 per cent. The stock gave multibagger returns of 2,100 per cent in 5 years and a whopping 5,350 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.