Outcome for Board Meeting held on 27th May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.6 pts less than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Goodricke Group Ltd reported FY2026 results with revenue declining 13.8% to Rs 80,120 lakhs (from Rs 92,944 lakhs in FY2025) primarily due to lower own crop volumes and estate sales. Despite revenue decline, profit after tax grew 27.2% to Rs 2,555 lakhs (from Rs 2,008 lakhs) driven by strategic disposal of specified tea estate assets generating Rs 1,014 lakhs exceptional profit. The Board recommended a 20% dividend (Rs 2 per share) with record date July 22, 2026. The company announced a new dairy products business under the Goodricke brand with Rs 5 crore investment, marking a diversification into consumer products. Statutory auditors changed from Deloitte Haskins & Sells LLP to MSKA & Associates LLP due to mandatory rotation under Section 139(2) of Companies Act, 2013. The CFO declared an unmodified opinion from auditors on the annual financial results.
The company shows resilience with PAT growth despite revenue headwinds, boosted by asset sale gains. The new dairy venture represents a strategic diversification. Auditor change is routine and no red flags on financial reporting quality.