2025-05-02 11:12:32
Latest Post
Godrej Agrovet Limited consolidated Q4FY25 net profit drops QoQ to Rs. 70.78 crores
L G Balakrishnan & Bros Ltd posts Rs. 84.03 crores consolidated profit in Q4FY25
Swastika Investmart Ltd Q4 FY2025 consolidated profit slumps to Rs. 27.17 lakhs
Vertex Securities Ltd consolidated Q4 FY25 loss at Rs. 53.99 lakhs
The Federal Bank Limited consolidated Q4FY25 PAT jumps to Rs. 1108.31 crores
Stock Report
GRM Foodkraft Pvt. Ltd partners with Spencer's Retail Limited
Posted On : 2021-08-30 09:27:03( TIMEZONE : IST )
GRM Overseas Limited, one of India's leading basmati rice exporters, is pleased to announce that its subsidiary GRM Foodkraft Pvt.Ltd.(herein after referred to as "GRM" or the "Company") has entered into a Memorandum of Understanding (MOU) with Spencer's Retail Limited to place its Products in Spencer's Stores. GRM Products will be available in 155 stores of Spencer's Retail Limited across the country, under B2C category.
The partnership with Spencer's Retail Limited will further strengthen GRM presence and maximize its reach in domestic market and is expected to drive the top line growth and market share in the coming years. This is an important breakthrough for GRM since Spencer's Retail Limited has stringent prequalification requirements for approval of its suppliers / vendors for purchasing any Products. Spencer's approval demonstrates GRM Product quality, safety standard and compliance with domestic requirements and regulations.
GRM's association with Spencer's Retail Limited is a testament to Company's strong customer relationship as well as effective marketing capabilities in domestic as well as export market. Further, GRM strive towards more wins like these with top grocery retailers / chains in the domestic and international markets in future.
Going forward, GRM will continue to focus on diversifying from private label basmati rice offerings to high margin own brands, specialized and value-added Products, and adding value through Products differentiation. Taking the momentum forward with a clear strategy in mind, GRM is poised to enter into a new era of growth and to create maximum value for all our stakeholders.
Shares of GRM Overseas Ltd. was last trading in BSE at Rs. 979.4 as compared to the previous close of Rs. 932.8. The total number of shares traded during the day was 36009 in over 1056 trades.
The stock hit an intraday high of Rs. 979.4 and intraday low of 955. The net turnover during the day was Rs. 35144405.
Shares of Spencer's Retail Limited was last trading in BSE at Rs. 100.65 as compared to the previous close of Rs. 101.7. The total number of shares traded during the day was 76507 in over 1379 trades.
The stock hit an intraday high of Rs. 102 and intraday low of 99.8. The net turnover during the day was Rs. 7713324.
