Rossell India Limited (ROSSELLIND)
₹51.18 +0.18% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Rossell India's revenue was ₹36.8 Cr (-15.6% year on year, +116.4% on the previous quarter), and net profit ₹3.8 Cr (-52.4% year on year); the operating margin was 17.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹36.8 | -15.6% | +116.4% |
| Operating profit | ₹6.6 | -38.7% | from loss |
| Net profit | ₹3.8 | -52.4% | from loss |
| EPS (₹) | 1.01 | -52.4% | from loss |
| Operating margin | 17.9% | — | — |
ROSSELLIND delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 82.43% of the ROSSELLIND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 68.55%. That is higher than usual for this stock. Turnover was only ₹5 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 78.8% · 81.7% · 75.7% · 84.9% · 82.4%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Rossell India Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026. The certificate was issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited. The filing confirms that physical share certificates received for dematerialisation were duly processed, cancelled, and updated within prescribed statutory timelines. This is a standard quarterly compliance filing with no operational or financial impact.
- Compliance certificate filed under Regulation 74(5) of SEBI Regulations, 2018
- Pertains to the quarter ended 30th September, 2026
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on 8th October, 2026
Rossell India Limited has submitted the Scrutinizer's Report and voting results for its 32nd Annual General Meeting held on August 25, 2026. Shareholders approved all 9 proposed resolutions with overwhelming majorities exceeding 99.99% of valid votes polled. Key approved items include the adoption of FY26 financial statements, declaration of a dividend of Rs 0.40 per equity share of Rs 2 face value, and the appointment of Mr. Digant Mahesh Parikh as Whole-time Director. Total voter turnout stood at 75.35% of the 3,76,96,475 outstanding shares.
- Shareholders approved a dividend of Rs 0.40 per equity share (face value Rs 2) with 99.9987% votes in favour
- Total voter turnout recorded was 75.35%, with 2,84,03,797 shares voted out of 3,76,96,475 outstanding shares
- Appointment of Mr. Digant Mahesh Parikh as a Whole-time Director passed with 99.9955% voting approval
- Remuneration fixation for managerial personnel and cost auditor appointment (M/s. Sharma & Banerjee) were ratified
At the 32nd AGM on August 25, 2026, Rossell India shareholders approved key board leadership terms. Harsh Mohan Gupta was re-appointed as Executive Chairman and Managing Director for a 3-year term from April 1, 2027 to March 31, 2030, and Samara Gupta was re-appointed as Whole Time Director from February 9, 2027 to January 31, 2030. Additionally, Senior VP (Finance) Digant Mahesh Parikh was appointed as Whole Time Director effective August 26, 2026, while Nirmal Kumar Khurana retired upon reaching superannuation.
- Harsh Mohan Gupta re-appointed as Executive Chairman & MD for 3 years from April 1, 2027 to March 31, 2030
- Samara Gupta re-appointed as Whole Time Director for 3 years from February 9, 2027 to January 31, 2030
- Digant Mahesh Parikh elevated to Whole Time Director effective August 26, 2026 to July 31, 2029
- Nirmal Kumar Khurana ceases to be Director and Whole Time Director post-AGM on August 25, 2026 due to superannuation
Rossell India Limited conducted its 32nd Annual General Meeting on August 25, 2026, addressing 9 agenda items. The Executive Chairman shared updates on operational sustainability, noting the expansion of the solarization initiative to four additional tea estates and carbon neutrality certification for four estates. A total of 19 shareholder speakers participated to discuss business outlook and tea estate operations. Scrutinizer voting results will be declared within two working days.
- Concluded 32nd AGM on August 25, 2026, with 9 agenda items placed for voting.
- Expanded solarization to 4 additional tea estates, with a 6th solar plant planned at Nokhroy Tea Estate.
- 4 tea estates (Dikom, Nagrijuli, Romai, and Kharikatia) certified Carbon Neutral by Nansen Environmental Research Centre.
- 19 shareholder speakers raised queries regarding operations, acquisitions, and business outlook.
- Consolidated voting results to be disclosed within 2 working days.
Rossell India reported a weak Q1 FY27 with total income declining 16.2% YoY to ₹38.20 Cr. Net profit fell sharply by 52.4% to ₹3.81 Cr, down from ₹8.01 Cr in the same quarter last year. The bottom line was pressured by a 12% hike in worker wage rates effective April 2026 and the non-recognition of Orthodox subsidies due to uncertainty. Additionally, the company announced that long-time CFO Mr. Nirmal Kumar Khurana will retire on September 1, 2026, to be succeeded by Mr. Raunak Rathi.
- Total Revenue from operations fell to ₹36.78 Cr in Q1 FY27 from ₹43.58 Cr in Q1 FY26.
- Net Profit margin contracted significantly, with PAT at ₹3.81 Cr vs ₹8.01 Cr YoY.
- Employee benefit expenses rose to ₹44.47 Cr, exceeding total revenue for the quarter due to a 12% wage hike.
- Management cited uncertainty over Orthodox Subsidy as a reason for lower other operating revenue.
- New CFO Raunak Rathi appointed effective September 1, 2026, bringing 28 years of tea industry experience.
Rossell India Limited has released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-2026, reporting a standalone turnover of Rs 220.69 crore. The company operates as a pure-play tea producer with 99.82% of its revenue coming from its seven tea estates in Assam. Exports are a key driver, accounting for 25.09% of total turnover. The company maintains a massive rural workforce of 13,560 individuals, with women comprising 58% of the total worker strength, highlighting its significant social footprint.
- Reported standalone turnover of Rs 220.69 crore for the financial year ending March 2026.
- Exports contributed 25.09% to the total turnover, reaching 6 international countries.
- Total workforce stands at 13,560, with 100% of wages paid in rural locations.
- Female workers constitute 58% of the total worker strength (7,524 out of 12,965).
- Solar power infrastructure has been installed across 4 out of 7 tea estates to mitigate energy costs.
Rossell India Limited has convened its 32nd Annual General Meeting (AGM) for August 25, 2026. The board has recommended a dividend of ₹0.40 per equity share (20% of face value) for FY26. Key agenda items include the re-appointment of Executive Chairman Harsh Mohan Gupta for a three-year term starting April 2027 and a special resolution to allow managerial remuneration to exceed statutory limits under Section 197 of the Companies Act.
- Proposed dividend of ₹0.40 per equity share of ₹2 each for the financial year ended March 31, 2026.
- Re-appointment of Mr. Harsh Mohan Gupta as Managing Director for 3 years from April 1, 2027, to March 31, 2030.
- Special resolution proposed to fix overall maximum remuneration for managerial personnel, potentially exceeding statutory limits.
- Mr. Parikh's remuneration for FY2025-2026 was reported at ₹82.67 lakhs.
- Executive Chairman Harsh Mohan Gupta holds 1,13,08,943 equity shares in the company.
Rossell India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all share dematerialization requests for the quarter ended June 30, 2026, were processed within prescribed timelines. This process involves the mutilation and cancellation of physical certificates and updating the register of members with the depository's name. This is a routine administrative filing required for all listed companies in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- Certificate provided by Registrar MUFG Intime India Private Limited on July 8, 2026
- Confirms all dematerialization requests were processed within prescribed SEBI timelines
- Verification includes the mutilation and cancellation of physical security certificates
Rossell India Limited has notified the stock exchanges that its trading window will be closed starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons and their relatives until 48 hours after the results are made public. This is a standard regulatory procedure for listed companies in India.
- Trading window closure effective from July 1, 2026.
- Closure pertains to the Unaudited Financial Results for the quarter ended June 30, 2026.
- Window to reopen 48 hours after the official declaration of quarterly results.
- Restriction applies to Directors, Officers, and Designated Persons of Rossell India Limited.
Rossell India Limited has recommended a dividend of ₹0.40 per equity share (20% of face value ₹2) for the financial year 2025-2026. The company has fixed August 18, 2026, as the record date to determine shareholder eligibility for the payout. Alongside the dividend, the company announced a leadership transition where Mr. Digant Mahesh Parikh will succeed the retiring Mr. Nirmal Kumar Khurana as Whole-time Director effective August 26, 2026. The 32nd Annual General Meeting is scheduled for August 25, 2026.
- Recommended dividend of ₹0.40 per fully paid-up equity share of ₹2 each (20% payout).
- Record date for dividend entitlement fixed as Tuesday, August 18, 2026.
- Mr. Digant Mahesh Parikh appointed as Whole-time Director for a 3-year term starting August 26, 2026.
- Current Whole-time Director Mr. Nirmal Kumar Khurana to retire on August 25, 2026, upon reaching superannuation.
- Register of Members and Share Transfer Books will be closed from August 19 to August 25, 2026.
Rossell India Limited has recommended a final dividend of Rs 0.40 per equity share (20% of face value Rs 2) for the financial year ended March 31, 2026. The company has fixed August 18, 2026, as the record date for determining dividend eligibility, subject to shareholder approval at the AGM on August 25, 2026. Alongside the dividend, the board approved audited FY26 financial results and announced that Mr. Digant Mahesh Parikh will succeed the retiring Mr. Nirmal Kumar Khurana as Whole time Director effective August 26, 2026.
- Recommended a final dividend of Rs 0.40 per equity share of Rs 2 each (20%) for FY 2025-2026.
- Fixed Tuesday, August 18, 2026, as the record date for dividend entitlement.
- Approved audited financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion.
- Appointed Mr. Digant Mahesh Parikh as a Whole time Director for a 3-year term starting August 26, 2026.
- Announced the retirement of Mr. Nirmal Kumar Khurana from the board effective August 25, 2026, due to superannuation.
Rossell India Limited has approved its audited financial results for the fiscal year ended March 31, 2026, with a clean audit opinion. The Board recommended a dividend of Re. 0.40 per equity share (20% of the face value of Rs. 2). A significant management change was announced as Mr. Nirmal Kumar Khurana will retire as Whole-time Director on August 25, 2026, to be succeeded by Mr. Digant Mahesh Parikh for a three-year term. The record date for the dividend payout is fixed for August 18, 2026.
- Recommended a dividend of Re. 0.40 per equity share of Rs. 2 each (20% payout) for FY 2025-2026.
- Fixed August 18, 2026, as the Record Date for determining dividend eligibility.
- Announced the retirement of Mr. Nirmal Kumar Khurana as Whole-time Director effective August 25, 2026.
- Appointed Mr. Digant Mahesh Parikh as the new Whole-time Director for a 3-year term starting August 26, 2026.
- Statutory auditors issued an unmodified opinion on the financial results for the year ended March 31, 2026.
Rossell India Limited has announced that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, has merged with MUFG Intime India Private Limited. The merger became effective on May 8, 2026, following approval from the Ministry of Corporate Affairs. MUFG Intime India is a significant player in the corporate markets division of MUFG. The company has assured that the service team remains the same, ensuring no disruption in shareholder services.
- Merger of RTA CB Management Services with MUFG Intime India effective May 8, 2026
- Approved by Regional Director, MCA, under Section 233 of the Companies Act, 2013
- MUFG Intime India was formerly known as Link Intime India Private Limited
- Existing service team to continue operations, ensuring continuity for shareholders
Rossell India Limited has submitted a regulatory filing confirming it does not qualify as a Large Corporate entity for the financial year 2026-2027. The company reported outstanding long-term borrowings of Rs 47.47 Crores as of March 31, 2026, which is well below the SEBI threshold of Rs 1,000 Crores. Furthermore, its credit rating of IND BBB+/Stable does not meet the AA or higher requirement for large corporate classification. This disclosure is a routine compliance requirement under SEBI's framework for incremental borrowings.
- Confirmed non-Large Corporate status for the financial year 2026-2027 per SEBI guidelines.
- Outstanding long-term borrowings stood at Rs 47.47 Crores as of March 31, 2026.
- Current credit rating is IND BBB+/Stable/IND A2+ from India Ratings & Research.
- The company has no listed debt securities or non-convertible redeemable preference shares.
- The filing ensures compliance with SEBI circulars regarding incremental borrowing frameworks.
Harsh Mohan Gupta, representing the promoter group of Rossell India Limited, has filed a mandatory annual disclosure under SEBI Takeover Regulations. The filing confirms that the promoter group holds 2,81,98,233 equity shares, representing a significant 74.80% stake in the company as of March 31, 2026. Crucially, the promoters declared that no encumbrance or pledge was created on these shares during the financial year 2025-2026. This transparency regarding shareholding and the absence of debt-related pledges is a positive indicator of promoter financial health.
- Promoter group holds an aggregate of 2,81,98,233 equity shares as of March 31, 2026
- Total promoter shareholding stands at 74.80% of the company's equity capital
- Zero encumbrance or pledges were created on promoter shares during the 2025-2026 financial year
- Major individual holders include Harsh Mohan Gupta with 1,13,08,943 shares and Rishab Mohan Gupta with 60,62,598 shares
- Compliance filing made under Regulation 31(4) of SEBI (SAST) Regulations
Financial Performance
Revenue Growth by Segment
Total Revenue from Operations for H1 FY26 reached INR 124.43 Cr, representing a growth of 12.97% compared to INR 110.14 Cr in H1 FY25. Segment-wise reporting under Ind AS 108 is not applicable to the company's current structure.
Geographic Revenue Split
The company operates primarily in India, with major tea estates located in Assam (Dikom and Kharikatia). Specific regional revenue percentages are not disclosed, but operations are concentrated in the domestic tea production sector.
Profitability Margins
Net Profit Margin for H1 FY26 stood at 28.42% (INR 35.37 Cr profit on INR 124.43 Cr revenue), slightly down from 32.29% in H1 FY25. Profit before tax for H1 FY26 was INR 39.17 Cr compared to INR 40.75 Cr in the previous year's half, a decrease of 3.88%.
EBITDA Margin
EBITDA margin for H1 FY26 was 37.43% (INR 46.57 Cr) compared to 41.25% (INR 45.43 Cr) in H1 FY25. While absolute EBITDA grew by 2.5%, the margin contracted due to higher operating expenses.
Capital Expenditure
In H1 FY26, the company invested INR 2.80 Cr in the purchase of Property, Plant, and Equipment and other intangible assets, compared to INR 1.99 Cr in H1 FY25, an increase of 40.7%.
Credit Rating & Borrowing
Total borrowings as of September 30, 2025, stood at INR 78.47 Cr (INR 38.25 Cr non-current and INR 40.22 Cr current). Finance costs for H1 FY26 rose significantly to INR 4.67 Cr from INR 2.05 Cr in H1 FY25, a 127.8% increase, indicating higher borrowing costs or increased debt utilization.
Operational Drivers
Raw Materials
Green Leaf (INR 4.52 Cr, 3.6% of revenue), Stores and Spares (INR 7.69 Cr, 6.2% of revenue), and Power and Fuel (INR 11.02 Cr, 8.8% of revenue).
Import Sources
Raw materials like green leaf are sourced internally from the company's tea estates in Assam, India.
Key Suppliers
Not specifically disclosed; however, the company processes green leaf from its own estates and potentially local small growers.
Capacity Expansion
Current capacity is not explicitly stated in MT, but the company is focusing on quality enhancement at its Dikom and Kharikatia estates. Capital work-in-progress stood at INR 6.77 Cr as of September 2025.
Raw Material Costs
Consumption of Green Leaf costs decreased by 18.85% YoY in H1 FY26 to INR 4.52 Cr. Total operating expenses rose to INR 80.91 Cr in H1 FY26 from INR 68.36 Cr in H1 FY25, an 18.3% increase.
Manufacturing Efficiency
Employee benefit expenses are a major driver, accounting for 64.58% of total revenue in H1 FY26 (INR 80.36 Cr), up from 55.11% in H1 FY25, suggesting a decrease in labor-related efficiency or rising wage costs.
Logistics & Distribution
Not explicitly disclosed; however, other expenses (including distribution) rose 20.9% YoY to INR 13.13 Cr in H1 FY26.
Strategic Growth
Expected Growth Rate
13%
Growth Strategy
The company aims to strengthen its financial base post-corporate restructuring (demerger of subsidiaries) by focusing on quality enhancement of tea products and prudent cost management. The strategy involves leveraging strong financial fundamentals to improve operating performance in the years ahead.
Products & Services
Cultivation, manufacture, and sale of Black Tea.
Brand Portfolio
Rossell Tea, Dikom Tea Estate, Kharikatia Tea Estate.
Market Expansion
The company is focusing on strengthening its existing tea estate operations in Assam following the demerger of other business interests.
Strategic Alliances
The company currently has no subsidiaries, associates, or joint ventures following recent corporate restructuring.
External Factors
Industry Trends
The tea industry is shifting toward sustainable and responsible business conduct (NGRBC). Rossell is positioning itself by adopting ESG policies and securing labor welfare awards from the Government of Assam.
Competitive Landscape
Competes with other major Indian tea producers like Tata Consumer Products and McLeod Russel in the premium Assam tea segment.
Competitive Moat
The moat is based on the ownership of high-quality tea estates like Dikom and Kharikatia, which have high brand recall in tea auctions. This is sustainable due to the fixed geographic nature of premium tea-growing land.
Macro Economic Sensitivity
Highly sensitive to agricultural inflation and labor wage revisions in the state of Assam.
Consumer Behavior
Increasing demand for high-quality, ethically produced tea, which aligns with the company's recent awards for labor welfare.
Geopolitical Risks
Minimal direct exposure as a standalone Indian tea producer, though global tea commodity prices affect domestic realizations.
Regulatory & Governance
Industry Regulations
Subject to the Tea Act, Plantation Labour Act, and environmental norms set by the Assam Pollution Control Board. The company recently received awards from the Labour Welfare Department of Assam, indicating high compliance with labor regulations.
Environmental Compliance
The company has identified water management as a material sustainability issue and has implemented NGRBC policies across all 9 principles.
Taxation Policy Impact
Effective tax rate for H1 FY26 was approximately 9.7% (INR 3.80 Cr tax on INR 39.17 Cr PBT).
Legal Contingencies
The company reported 'Exceptional Items' of INR 0.12 Cr related to demerger expenses/investment cancellations. No major pending litigation values were disclosed in the provided extracts.
Risk Analysis
Key Uncertainties
Climate change and erratic rainfall patterns in Assam pose a significant risk to crop yields, with potential impact on revenue exceeding 10%.
Geographic Concentration Risk
100% of tea production assets are concentrated in Assam, making the company vulnerable to regional political or climatic disruptions.
Third Party Dependencies
High dependency on the tea auction system for revenue realization and on the local labor force for harvesting.
Technology Obsolescence Risk
Low risk in traditional tea cultivation, but failure to modernize processing plants could lead to higher energy costs (which rose 42% YoY).
Credit & Counterparty Risk
Trade receivables stood at INR 17.62 Cr as of September 2025, a sharp increase from INR 0.18 Cr in March 2025, indicating a seasonal spike in credit exposure.
