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The United Nilgiri Tea Estates Company Limited (UNITEDTEA)

₹411.30 -0.41% last close, 16 Oct

📊 NSE: UNITEDTEA 🏢 Tea 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, United Nilgiri's revenue was ₹19.8 Cr (-10.5% year on year, +21.6% on the previous quarter), and net profit ₹6.4 Cr (-20.5% year on year); the operating margin was 25.6%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹19.8	-10.5%	+21.6%
Operating profit	₹5.1	-23.9%	+48.4%
Net profit	₹6.4	-20.5%	+74.2%
EPS (₹)	12.76	-20.5%	+74.3%
Operating margin	25.6%	—	—

Full quarterly financials → Results calendar →

UNITEDTEA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 73.05% of the UNITEDTEA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 86.03%. That is lower than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal.

73.05%Delivery, 16 Oct

86.03%Own 20-session average

0.1×Volume vs its average

₹411.30NSE close · -0.41%

Delivery in the last 5 sessions: 63.8% · 88.0% · 77.8% · 98.0% · 73.0%

Delivery across the market →

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

United Nilgiri Tea Submits Reg 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 04:19 PM

The United Nilgiri Tea Estates Company Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar and Share Transfer Agent, Integrated Registry Management Services Private Limited, confirms that dematerialisation requests received during the period were duly processed, confirmed, and physical certificates mutilated. This is a recurring regulatory disclosure with no impact on business operations or financials.

Compliance certificate issued for the quarter ended 30th September 2026
Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Certificate received from RTA Integrated Registry Management Services dated October 03, 2026

💡 No action required. Investors should track upcoming quarterly financial results announcements for operational and financial performance updates.

Retirement of Independent Director Mr. Sampath Bahukudumbi Pillapakkam after 2nd Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 11 Aug 2026, 06:21 PM

Mr. Sampath Bahukudumbi Pillapakkam has retired as an Independent Director of The United Nilgiri Tea Estates Company Limited effective August 7, 2026. The retirement occurred at the conclusion of the company's 104th Annual General Meeting (AGM) following the completion of his second term. The company acknowledged a four-day delay in reporting this to the exchange, attributing it to technical issues. Financially, the company remains stable with a significant improvement in H1 FY26 net profit margins to 29.94% from 21.19% in the previous year.

Retirement effective from the conclusion of the 104th AGM held on August 7, 2026
Completion of the 2nd term of office as an Independent Director (DIN: 00037043)
Company reported H1 FY26 revenue of Rs 43.28 Cr with a net profit of Rs 12.96 Cr
Net profit margin for H1 FY26 stood at 29.94%, up from 21.19% in H1 FY25

💡 Investors should monitor the company's next board meeting announcement for the appointment of a new Independent Director to ensure continued compliance with SEBI board composition requirements.

104th AGM: Shareholders Unanimously Approve FY26 Financials and Final Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Aug 2026, 05:42 PM

The United Nilgiri Tea Estates Company Limited concluded its 104th Annual General Meeting on August 7, 2026, with all resolutions passing unanimously. Shareholders approved the adoption of FY26 audited financial statements and confirmed the payment of a ₹1 per share interim dividend along with the final dividend. Additionally, the appointment of Mr. R. Anand as an Independent Director for a three-year term was ratified. A total of 30,84,048 votes were cast, representing 100% approval for all agenda items.

100% unanimous approval received for all 4 resolutions presented at the 104th AGM
Total of 30,84,048 valid votes were cast by 78 members through electronic means
Confirmation of ₹1 per equity share interim dividend for the financial year 2025-26
Appointment of Mr. R. Anand as Independent Director for a 3-year term ending in 2029

💡 Investors should note the formal ratification of the dividend and financial statements; no further action is required beyond monitoring the dividend credit timeline.

United Nilgiri Tea Estates Concludes 104th AGM; Confirms Re. 1 Interim Dividend

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 07 Aug 2026, 06:17 PM

The United Nilgiri Tea Estates Company Limited held its 104th Annual General Meeting on August 7, 2026. Shareholders confirmed an interim dividend of Re. 1 per equity share and considered the declaration of a final dividend for FY 2025-26. The meeting included the adoption of FY26 audited financial statements and the appointment of Mr. R. Anand as an Independent Director. Management noted that the company achieved a net profit margin of 20.61% in FY25 on revenues of Rs. 89.80 Cr.

104th Annual General Meeting successfully conducted on August 7, 2026
Confirmation of Re. 1/- per equity share interim dividend for the financial year 2025-26
FY25 revenue stood at Rs. 89.80 Cr with a net profit of Rs. 18.51 Cr
Appointment of Mr. R. Anand as an Independent Director approved by the board
H1 FY26 net profit margin improved to 29.94% from 21.19% in the previous year

💡 Investors should monitor the official voting results for the final dividend amount and review the Director's Report for the company's response to the Secretarial Auditor's remark.

UNITEDTEA Q1 Net Profit Drops 20.5% YoY to ₹6.38 Cr

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 06 Aug 2026, 06:43 PM

UNITEDTEA reported a weak start to the fiscal year with Q1 FY27 revenue from operations declining 10.5% YoY to ₹19.83 Cr. Net profit for the quarter fell 20.5% YoY to ₹6.38 Cr, down from ₹8.02 Cr in the previous year's corresponding quarter. The decline was primarily driven by the plantation segment, where profit before tax and interest dropped from ₹6.09 Cr to ₹4.45 Cr. The property segment remained a stable contributor, with revenue slightly increasing to ₹1.64 Cr.

Revenue from operations fell 10.5% YoY to ₹19.83 Cr from ₹22.15 Cr.
Net profit decreased by 20.5% YoY to ₹6.38 Cr compared to ₹8.02 Cr in Q1 FY25.
Plantation segment revenue declined to ₹18.18 Cr from ₹20.54 Cr YoY.
Earnings Per Share (EPS) for the quarter stood at ₹12.76, down from ₹16.04 YoY.
Property segment revenue remained stable at ₹1.64 Cr vs ₹1.62 Cr YoY.

💡 Investors should monitor tea price realizations and weather patterns in the Nilgiris, as the company explicitly noted that results are seasonal and dependent on rainfall.

104th AGM Scheduled for Aug 07, 2026; Annual Report Dispatched via Weblink

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Jul 2026, 04:17 PM

The United Nilgiri Tea Estates Company Limited has scheduled its 104th Annual General Meeting (AGM) for August 07, 2026, at 4:00 PM. In compliance with SEBI regulations, the company has dispatched letters to shareholders who have not registered their email addresses, providing a direct weblink to the FY 2025-26 Annual Report. This report includes audited financial statements, where the company previously reported a significant H1 FY26 net profit margin of 29.94% on revenue of ₹43.28 Cr. The filing is procedural and ensures all shareholders have access to the year's performance data.

104th Annual General Meeting (AGM) to be held on August 07, 2026, via Video Conferencing.
Annual Report for FY 2025-26 made available to all shareholders via a dedicated weblink.
Company reported a Net Profit of ₹12.96 Cr on revenue of ₹43.28 Cr for H1 FY26.
Current tea plantation area remains at 806.20 hectares out of a total 1573.41 hectares.
Net worth of the company stands at ₹241 Cr with zero debt as per latest context.

💡 Investors should access the Annual Report via the provided link to review the management's commentary on mechanized harvesting and sales realization trends ahead of the August 07 AGM.

104th AGM on Aug 7: United Nilgiri Tea to Declare Final Dividend and Appoint New Director

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 10 Jul 2026, 03:59 PM

The United Nilgiri Tea Estates Company Limited has scheduled its 104th Annual General Meeting (AGM) for August 7, 2026. Key agenda items include the adoption of FY26 audited financial statements and the declaration of a final dividend, following a previously paid interim dividend of Re. 1/- per share. The company is also seeking shareholder approval for the appointment of Mr. R. Anand, a seasoned Chartered Accountant, as an Independent Director for a three-year term. This follows a strong H1 FY26 performance where the company reported a net profit of Rs. 12.96 Cr on revenue of Rs. 43.28 Cr.

104th Annual General Meeting scheduled for August 7, 2026, via video conferencing.
Book closure for final dividend entitlement set from August 1, 2026, to August 7, 2026.
Interim dividend of Re. 1/- per equity share already confirmed for the financial year 2025-26.
Proposed appointment of Mr. R. Anand as Independent Director for a 3-year term ending in 2029.
Company maintained a high Net Profit Margin of 29.94% in H1 FY26 compared to 21.19% in H1 FY25.

💡 Investors should monitor the announcement of the final dividend quantum at the AGM and verify the record date for eligibility if holding physical shares.

United Nilgiri Tea Estates Confirms Compliance with SEBI Demat Regulations for June 2026 Quarter

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 03 Jul 2026, 05:05 PM

The United Nilgiri Tea Estates Company Limited has submitted its quarterly compliance certificate for the period ended June 30, 2026. The filing confirms that the company's Registrar and Share Transfer Agent, Integrated Registry Management Services, processed all dematerialization requests within the mandated 15-day period. This process involves the verification, mutilation, and cancellation of physical share certificates. Such filings are standard regulatory requirements for all listed companies in India to maintain the integrity of electronic shareholding. There is no financial or operational impact resulting from this announcement.

Compliance confirmed for the quarter ended 30th June 2026.
Security certificates processed and confirmed to depositories within 15 days.
Registrar confirmed mutilation and cancellation of physical certificates after due verification.

💡 This is a routine regulatory filing with no impact on business fundamentals. Investors should look forward to the upcoming quarterly financial results for operational performance updates.

UNITEDTEA Trading Window to Close from July 1, 2026, for Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Jun 2026, 06:00 PM

The United Nilgiri Tea Estates Company Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are made public. The specific date for the Board Meeting to consider these results will be communicated at a later date.

Trading window closure commences on July 1, 2026, for all designated persons.
The closure pertains to the financial results for the quarter ending June 30, 2026.
Trading restriction will be lifted 48 hours after the official declaration of results.
The date of the Board Meeting for result approval is yet to be announced.

💡 This is a standard regulatory procedure with no direct impact on stock valuation; investors should monitor for the upcoming announcement of the Q1 result date.

United Nilgiri Tea Sets July 31 Record Date for Dividend, Appoints New Independent Director

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 04 Jun 2026, 12:32 PM

The United Nilgiri Tea Estates Company Limited has announced its 104th Annual General Meeting (AGM) scheduled for August 7, 2026. The company has fixed July 31, 2026, as the record date to determine shareholder eligibility for the upcoming dividend. Furthermore, the board has recommended the appointment of Mr. Anand Raghavan, a veteran Chartered Accountant with over 30 years of experience, as an Independent Director for a three-year term. The register of members will remain closed from August 1 to August 7, 2026.

Record date for dividend eligibility fixed as July 31, 2026
104th Annual General Meeting (AGM) scheduled for August 7, 2026
Proposed appointment of Mr. Anand Raghavan as Independent Director for a 3-year term until 2029
Register of Members and Share Transfer Books to be closed from August 1 to August 7, 2026

💡 Investors seeking to receive the dividend should ensure they hold the company's shares by the record date of July 31, 2026. The addition of a seasoned professional to the board is a positive development for corporate governance.

United Nilgiri Tea Sets Dividend Record Date for July 31 and Appoints New Independent Director

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 04 Jun 2026, 12:30 PM

The United Nilgiri Tea Estates Company Limited has scheduled its 104th Annual General Meeting for August 7, 2026. The Board has fixed July 31, 2026, as the record date to determine shareholder eligibility for the upcoming dividend. Additionally, the company has recommended the appointment of Mr. Anand Raghavan, a veteran Chartered Accountant with over 30 years of experience, as an Independent Director for a three-year term. The book closure period is set from August 1 to August 7, 2026.

104th Annual General Meeting (AGM) scheduled for August 7, 2026, at 4:00 PM.
Dividend record date fixed for July 31, 2026, to determine eligible shareholders.
Appointment of Mr. Anand Raghavan as Independent Director for a 3-year term until 2029.
Book closure period announced from August 1, 2026, to August 7, 2026.
Mr. Anand Raghavan brings over 30 years of experience from firms like Sundaram Finance and EY.

💡 Investors interested in the dividend should ensure they hold the stock before the July 31 record date. The addition of a seasoned finance professional to the board is a positive sign for corporate governance.

United Nilgiri Tea Sets July 31 as Record Date for Dividend; Appoints New Independent Director

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 04 Jun 2026, 12:27 PM

The United Nilgiri Tea Estates Company has fixed July 31, 2026, as the record date to determine shareholder eligibility for the upcoming dividend. The 104th Annual General Meeting is scheduled for August 7, 2026, where the dividend will be put to a vote. Additionally, the board has recommended the appointment of Mr. Anand Raghavan, a veteran Chartered Accountant with over 30 years of experience, as an Independent Director for a three-year term. This move strengthens the board's expertise in financial services and corporate governance.

Record date for dividend eligibility is fixed for July 31, 2026.
104th Annual General Meeting (AGM) scheduled for August 7, 2026, at 4:00 PM.
Book closure period set from August 1, 2026, to August 7, 2026.
Appointment of Mr. Anand Raghavan as Independent Director for a 3-year term until 2029.
Mr. Raghavan brings over 30 years of experience from Sundaram Finance and Ernst & Young LLP.

💡 Investors interested in receiving the dividend should ensure they hold the stock prior to the July 31 record date. The addition of a seasoned professional to the board is a positive indicator for the company's governance standards.

United Nilgiri Tea Appoints Anand Raghavan as Director; Sets Dividend Record Date for July 31, 2026

🟢 POSITIVE ⭐ 6/10

BOARD_MEETING 📅 04 Jun 2026, 12:21 PM

The United Nilgiri Tea Estates Company has recommended the appointment of Mr. Anand Raghavan, a veteran Chartered Accountant with over 30 years of experience, as an Independent Director for a three-year term. The company's 104th Annual General Meeting (AGM) is scheduled for August 7, 2026, via video conferencing. Crucially for shareholders, the record date to determine eligibility for the upcoming dividend has been set for July 31, 2026. The book closure period will run from August 1 to August 7, 2026, inclusive.

Appointment of Mr. Anand Raghavan as Independent Director for a 3-year term starting from the 104th AGM
Record date for dividend eligibility fixed as July 31, 2026
104th Annual General Meeting scheduled for August 7, 2026, at 4:00 PM
Book closure period for dividend purposes set from August 1 to August 7, 2026
New director brings 30+ years of experience from institutions like Sundaram Finance and Ernst & Young

💡 Investors interested in the dividend should ensure they hold the company's shares by the record date of July 31, 2026. The addition of a seasoned professional with regulatory and governance expertise to the board is a positive development for long-term oversight.

United Nilgiri Tea Appoints Anand Raghavan as Independent Director; Sets Dividend Record Date

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 04 Jun 2026, 12:16 PM

The United Nilgiri Tea Estates Company has recommended the appointment of Mr. Anand Raghavan as an Independent Director for a three-year term ending in 2029. Mr. Raghavan is a seasoned Chartered Accountant with over 30 years of experience in financial services and governance at firms like Sundaram Finance and EY. The company has also scheduled its 104th AGM for August 7, 2026, and fixed July 31, 2026, as the record date for dividend eligibility. The book closure for the dividend will occur from August 1 to August 7, 2026.

Appointment of Mr. Anand Raghavan as Independent Director for a 3-year term (2026-2029)
104th Annual General Meeting scheduled for August 7, 2026, at 4:00 PM
Record date for dividend eligibility fixed as July 31, 2026
Book closure period for dividend set from August 1 to August 7, 2026
New director brings 30+ years of experience in financial services and regulatory advisory

💡 Investors should ensure they hold shares by the July 31, 2026 record date to be eligible for the dividend. The appointment of a highly experienced finance professional to the board is a positive signal for corporate governance.

United Nilgiri Tea FY26 Profit Rises to ₹25.93 Cr; Recommends ₹2.20 Dividend

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 20 May 2026, 02:08 PM

The United Nilgiri Tea Estates Company Limited reported a Profit Before Tax of ₹2,593.12 Lakhs for the financial year ended March 31, 2026, marking a 21.7% increase over the previous year's ₹2,130.13 Lakhs. This growth comes despite a 7.2% decline in annual revenue from operations, which stood at ₹8,335.36 Lakhs. The Board has recommended a final dividend of ₹2.20 per share (22% on face value). Additionally, the company has strengthened its governance by appointing Deloitte, Touche Tohmatsu India LLP as internal auditors for FY 2026-27.

Profit Before Tax increased to ₹2,593.12 Lakhs in FY26 from ₹2,130.13 Lakhs in FY25.
Recommended a final dividend of ₹2.20 per equity share of ₹10 each for FY 2025-26.
Revenue from operations for FY26 stood at ₹8,335.36 Lakhs compared to ₹8,979.55 Lakhs in the previous year.
Appointed Deloitte, Touche Tohmatsu India LLP as Internal Auditors for the financial year 2026-27.
Statutory auditors issued an unmodified opinion on the audited financial results for the year.

💡 Investors should view the improved profitability and dividend recommendation as positive signs of operational efficiency despite revenue headwinds. The appointment of a Big 4 firm as internal auditors further enhances corporate governance standards.

View All UNITEDTEA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations for the tea segment in FY25 was Rs. 89.80 Cr, representing a 6.88% growth from Rs. 84.01 Cr in FY24. For H1 FY26, revenue was Rs. 43.28 Cr, a decline of 9.72% YoY from Rs. 47.94 Cr in H1 FY25.

Geographic Revenue Split

Not disclosed in available documents, though the company notes that export of teas is substantial and incidental to operations.

Profitability Margins

Net Profit Margin for FY25 was 20.61% (Rs. 18.51 Cr profit on Rs. 89.80 Cr revenue). For H1 FY26, the Net Profit Margin improved significantly to 29.94% (Rs. 12.96 Cr profit on Rs. 43.28 Cr revenue) compared to 21.19% in H1 FY25.

EBITDA Margin

Operating profit before changes in operating assets/liabilities for H1 FY26 was Rs. 11.38 Cr (26.3% of revenue), a 36.6% increase from Rs. 8.33 Cr (17.4% of revenue) in H1 FY25.

Capital Expenditure

Historical capital expenditure for H1 FY26 was Rs. 2.44 Cr, compared to Rs. 2.83 Cr in H1 FY25. Planned expenditure is not explicitly disclosed.

Credit Rating & Borrowing

Credit rating not disclosed. Finance costs were minimal at Rs. 0.058 Cr for H1 FY26, suggesting low reliance on external debt.

⚙️ Operational Drivers

Raw Materials

Green leaf is the primary raw material, with cost of materials consumed representing 21.7% of revenue (Rs. 9.41 Cr) in H1 FY26.

Import Sources

Sourced internally from company-owned estates located in the Nilgiris, Tamil Nadu.

Key Suppliers

Internal production from company-owned estates: Allada Valley, Chamraj, Devabetta, Korakundah, and Rockland.

Capacity Expansion

Current tea plantation area is 806.20 hectares out of a total estate area of 1573.41 hectares. Planned expansion in hectares is not disclosed.

Raw Material Costs

Raw material costs were Rs. 9.41 Cr in H1 FY26 (21.7% of revenue), a decrease of 19.6% YoY from Rs. 11.71 Cr in H1 FY25. Procurement is primarily through internal estate production.

Manufacturing Efficiency

Not disclosed in terms of capacity utilization percentage, but efficiency is being driven by mechanized harvesting and factory cost-saving measures.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

Growth is targeted through mechanized harvesting to improve field outlook and yield, focus on better sales realization for premium teas, and managing a strong financial asset portfolio which contributed Rs. 4.28 Cr in fair value gains in H1 FY26.

Products & Services

Tea products including Black, Green, and Organic varieties sold in bulk and value-added formats.

Brand Portfolio

Chamraj, Korakundah.

Strategic Alliances

The company has two associate companies incorporated as Section 8 not-for-profit entities, which are not considered for consolidation.

🌍 External Factors

Industry Trends

The tea industry is seeing a shift toward mechanized harvesting to manage labour costs and a growing focus on organic and high-altitude specialty teas where the company is positioned with its Korakundah and Chamraj estates.

Competitive Landscape

The company faces competition in both domestic and international tea markets, though specific competitor names were not disclosed.

Competitive Moat

Sustainable competitive advantage derived from unique high-altitude estate locations in the Nilgiris and established brand reputation for organic and premium teas.

Macro Economic Sensitivity

Sensitive to global tea demand and domestic labour regulations, though specific GDP sensitivity percentages are not disclosed.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Tea Act 1953, Plantation Labour Act 1951, Tea Marketing Control Order 2003, and Food Safety and Standards Act 2006.

Environmental Compliance

Not disclosed in absolute INR values, though environmental protection activities are undertaken at factories.

Taxation Policy Impact

Effective tax rate for H1 FY26 was 14.07% (Rs. 2.12 Cr tax on Rs. 15.08 Cr PBT).

Legal Contingencies

NSE imposed fines totaling Rs. 4,21,260 (Rs. 3,00,900 for Reg 17(1) and Rs. 1,20,360 for Reg 18(1)) for non-compliance during Q3 FY25, which were remitted in March 2025.