Promoter raises stake in THIS small-cap FMCG firm, stock jumps 15% in five days: Do you own? | Stock Market News

GRM Overseas share price: Shares of GRM Overseas Ltd jumped eight per cent on Friday, March 7, extending the winning streak to five straight days on strong buying interest despite the Indian stock market’s high volatility. The small-cap, fast-moving consumer goods (FMCG) company announced in a regulatory filing to the stock exchanges on Friday that one of its promoters raised their stake by acquiring a higher volume of equity shares.

“Please find enclosed herewith the requisite disclosures in the prescribed format regarding the acquisition of 42,000 equity shares of the face value of Rs. 2 by one of the promoters of the company Atul Garg of GRM Overseas Ltd on Wednesday, March 05, 2025,” said GRM Overseas in its stock exchange filing.

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Smallcap FMCG stock: Promoter raises stake in GRM Overseas 

According to GRM Overseas, Atul Garg, Mamta Garg, and Hukam Chand Garg are the company’s promoters. Before the latest share acquisition by Atul Garg, the promoters held 4,46,24,984 equity shares with 74.37 per cent of total share capital and 64.61 per cent of total diluted share capital. 

After Garg raised his stake by acquiring 42,000 equity shares, the promoters now hold 4,46,66,984 equity shares, which account for 74.44 per cent of total share capital and 64.67 per cent of total diluted share capital. According to the statement, the shares were acquired via an open-market transaction.

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GRM Overseas Share Price Trend

On Friday, shares of GRM Overseas Ltd opened at ₹234 against a previous close of ₹232.10 and gained eight per cent to hit an intraday high of ₹252.15 before settling 7.56 per cent higher at ₹249.65 apiece on the BSE. The small-cap FMCG stock has jumped 15 per cent in the last five trading sessions, 24 per cent year-to-date (YTD) and 60 per cent in one year.

According to stock exchange data, the company commands a market cap of ₹1,497.90 crore. GMR Overseas is India’s third-largest basmati rice exporter. Initially established as a rice manufacturing and trading house, it has grown to become a consumer staples organization. Initially, GRM Overseas exported rice to the Middle East, the UK, and the US. Gradually expanding, GRM has developed a market for its rice in over 38 countries.

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During the quarter ended December 2024, GRM Overseas, which mills and processes branded and non-branded basmati rice in the domestic and overseas market, reported a 2.27 per cent decline in Q3 revenue from operations to ₹382.2 crore from ₹391.1 crore in the same period last year. 

Profit after tax (PAT) also dipped to ₹13.5 crore from ₹15.5 crore on a year-on-year (YoY) basis, recording a 12.9 per cent decline. Operating performance was also weak, with EBITDA at ₹23.3 crore in Q3 FY25 versus ₹26.9 crore in Q3 FY24. The EBITDA margin dropped to 6.1 per cent from 6.9 per cent on a YoY basis.

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