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%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Bulk Tea, Instant Tea, Branded Tea, Dairy Products. Asset-heavy, cyclical tea plantation business undergoing estate divestiture and product-line diversification.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 823 | 882 | 824 | 929 | 801 |
| EBITDA (ex other income) | 26 | 9 | (45) | 25 | 29 |
| margin % | 3.2 | 1.1 | (5.5) | 2.6 | 3.7 |
| Owners' profit | 5 | (0) | (69) | 20 | 26 |
| EPS, as reported (₹) | 22.44 | (0.15) | (32.08) | 9.29 | 11.83 |
| ROE % · ROCE % | 1.6 · 3.4 | (0.1) · 1.9 | (28.7) · (15.1) | 7.4 · 6.2 | 8.4 · 6.6 |
| Debt / equity (x) | 0.10 | 0.18 | 0.47 | 0.25 | 0.04 |
| Cash from operations | 67 | 10 | (25) | 43 | 68 |
| Capex | (17) | (22) | (19) | (14) | (18) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 197 | 316 | 284 | 132 | 175 | 217 | 306 | 104 |
| Profit before tax | 10 | 61 | (17) | (40) | 2 | 40 | 8 | (29) |
| Net profit | 12 | 60 | (16) | (37) | 3 | 44 | 8 | (29) |
| EPS (₹) | 5.78 | 27.90 | (7.47) | 16.93 | 1.48 | 20.15 | 3.72 | 13.52 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSUMER PRODUCT LTD | 98,069 | 60.0 | 4.23 | 33.1 | 6.7 | 7.8 | 11.8 | 14.9 |
| CCL PRODUCTS (I) LTD | 14,354 | 33.1 | 6.12 | 20.8 | 16.6 | 16.2 | 29.1 | 16.4 |
| VINTAGE COFFEE N BVRGS L | 2,549 | 32.3 | 4.48 | 24.1 | 12.7 | 14.0 | — | 20.6 |
| ANDREW YULE & CO. LTD. | 1,275 | 21.6 | 3.92 | — | (5.9) | (9.5) | (2.2) |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 12 Aug 2026 · Goodricke Q1 FY27 profit jumps over 12 times to Rs 40.87 cr | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27 results jump, Grant Thornton named Internal Auditor | management changes | high | — | — |
| 11 Aug 2026 · Q1 FY27 profit jumps over 12x YoY on higher tea crop and estate sale | results | high | — | — |
| 4 Aug 2026 · Goodricke Group appoints MSKA as new auditor for 5 years | management changes | medium | — | — |
| 4 Aug 2026 · Board meeting on 11 Aug 2026 to approve Q1 FY27 unaudited results | results | low | — | — |
| 30 Jul 2026 · All 5 resolutions passed at 50th AGM; Rs 2 per share dividend approved | board shareholder meetings | low | — | — |
| 29 Jul 2026 · Goodricke Group 50th AGM: Rs 2 dividend, new auditor appointed | board shareholder meetings | low | — | — |
| 9 Jul 2026 · RTA confirmation certificate filed for Q1 FY27 | compliance | minimal | — | — |
| 2 Jul 2026 · TDS communication on Rs. 2 final dividend for FY2025-26 | corporate actions | medium | — | — |
| 2 Jul 2026 · Newspaper publication of 50th AGM notice and Annual Report dispatch | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| (44.3) |
| GOODRICKE GROUP LTD. ◆ | 474 | 5.6 | 1.56 | — | 8.4 | 5.0 | — | (22.7) |
| THE P K TEA PROD CO LTD | 348 | 64.5 | 1.82 | 29.5 | 2.8 | 3.2 | — | 50.0 |
| JAYSHREE TEA & INDUSTRIES | 268 | — | 0.68 | 21.4 | (6.3) | (5.1) | 3.0 | 4.9 |
| UNITED NILGIRI TEA LTD | 216 | 10.7 | 0.90 | — | 9.1 | 10.4 | — | 43.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 5.6 | 7.8 | 9 of 24 | 65% |
| P/B | 1.6 | 0.7 | 20 of 27 | 27% |
| ROCE | 5.0 | 3.0 | 9 of 26 | 68% |
| ROE | 8.4 | 2.3 | 7 of 27 | 77% |
| Debt / Equity | 0.0 | 0.2 | 8 of 27 | 73% |
| EBITDA margin | (22.7) | 11.9 | 20 of 26 | 24% |
| Revenue growth | (21.2) | 1.6 | 20 of 25 | 21% |
| Profit growth | 20.1 | 18.5 | 13 of 27 | 54% |
| Market cap | 474 | 115 | 5 of 27 | 85% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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