GOODRICKE GROUP LTD.

Grows and processes tea at its own estates, selling through bulk, instant, and branded channels. Bulk tea operations were hit by dry spells, pests, and crop losses during FY26, with revenue declining 13.8% to Rs 801.29 crore. The Instant Tea business achieved record export volumes and the Branded Tea segment showed improved profitability. The company is divesting tea estates as part of a restructuring push — Chalouni Tea Estate, which produced about 695,000 kg of tea annually and contributed Rs 17.39 crore in FY25, has been sold for Rs 19 crore, while Barnesbeg Tea Estate (averaging ~44,000 kg own crop) is being sold for Rs 4.5 crore. A new dairy products business is being launched under the Goodricke brand with a Rs 5 crore investment, marking a move beyond tea. Employee costs are the largest cost line at 41.6% of revenue, reflecting the labour-intensive nature of plucking and processing, followed by other operating expenses at 26.1% and materials at 24.2%.