Rossell India revenue rises 13%, profit remains Rs 27.28 crore

Rossell India Limited reported revenue from operations of Rs 91.57 crore for the quarter ended 30 September 2026, up 13% from Rs 80.85 crore a year earlier, while profit for the period was broadly flat at Rs 27.28 crore versus Rs 27.36 crore despite a higher tax expense.

How did Rossell India perform in the September quarter?

Rossell India increased total income to Rs 92.45 crore in the September 2026 quarter from Rs 81.90 crore in the September 2025 quarter, with revenue from operations adding Rs 10.72 crore year on year. Gross revenue from the sale of products and services rose to Rs 90.51 crore from Rs 80.49 crore, while other operating income increased to Rs 1.06 crore from Rs 36 lakh.

Other income declined to Rs 88 lakh in the latest quarter from Rs 1.05 crore a year earlier. Total operating expenses nevertheless rose to Rs 54.52 crore from Rs 48.04 crore, leaving profit before finance cost, depreciation, exceptional items and tax at Rs 37.93 crore, compared with Rs 33.86 crore in the corresponding quarter.

Rossell India’s profit before tax rose 15% to Rs 34.99 crore from Rs 30.31 crore. Profit for the period, however, fell by Rs 8 lakh because tax expense increased to Rs 7.71 crore from Rs 2.95 crore. Current tax was Rs 8.21 crore, partly offset by a deferred-tax credit of Rs 50 lakh in the September 2026 quarter.

Basic and diluted earnings per share were Rs 7.24 for the quarter ended 30 September 2026, compared with Rs 7.26 a year earlier. Total comprehensive income was Rs 27.05 crore, following an other comprehensive loss of Rs 23 lakh, compared with total comprehensive income of Rs 27.19 crore and an other comprehensive loss of Rs 17 lakh in the prior-year quarter.

What drove Rossell India’s quarterly profit movement?

Rossell India’s higher pre-tax profit reflected a Rs 4.07 crore increase in profit before finance cost, depreciation, exceptional items and tax, as well as a Rs 70 lakh reduction in finance cost. Finance cost fell to Rs 1.42 crore in the September 2026 quarter from Rs 2.12 crore a year earlier, while depreciation and amortisation rose to Rs 1.52 crore from Rs 1.43 crore.

Employee-benefit expense was the largest operating cost and increased to Rs 46.18 crore from Rs 41.24 crore. Consumption of stores and spares rose to Rs 5.09 crore from Rs 3.64 crore, while other expenses increased to Rs 7.73 crore from Rs 7.00 crore. These increases were partly offset by power and fuel expense declining to Rs 6.13 crore from Rs 6.35 crore.

Consumption of green leaf increased to Rs 2.56 crore from Rs 2.33 crore. Rossell India defines this item as the cost of green leaf purchased from other growers, together with the net difference in the value of opening and closing green-leaf stocks. Changes in finished-goods inventories reduced reported expenses by Rs 13.17 crore, against a Rs 12.52 crore reduction in the September 2025 quarter.

The inventory movement meant operating expenses grew more slowly than income, even as several cash costs rose. Rossell India had no exceptional item in either September quarter, so profit before exceptional items and tax and profit before tax were both Rs 34.99 crore in the latest period, compared with Rs 30.31 crore a year earlier.

How did Rossell India’s first-half results compare with last year?

Rossell India reported revenue from operations of Rs 128.35 crore for the six months ended 30 September 2026, up from Rs 124.42 crore in the corresponding 2025 period. Total income rose to Rs 130.65 crore from Rs 127.48 crore, but profit before tax increased by a narrower Rs 1.18 crore to Rs 40.35 crore.

Profit for the period for the first half was Rs 31.09 crore, down from Rs 35.37 crore a year earlier. The difference between pre-tax and post-tax outcomes was primarily associated with current tax expense, which increased to Rs 9.31 crore from Rs 3.80 crore. The six-month deferred-tax line was a Rs 5 lakh credit, compared with no deferred-tax amount in the prior-year period.

Finance cost declined to Rs 2.70 crore in the six months ended 30 September 2026 from Rs 4.67 crore a year earlier, while depreciation and amortisation increased to Rs 2.87 crore from Rs 2.73 crore. Total comprehensive income was Rs 30.63 crore, compared with Rs 34.91 crore, and basic and diluted earnings per share fell to Rs 8.25 from Rs 9.38.

Rossell India states that cultivation, manufacture and sale of tea are seasonal in nature and that interim results are not indicative of full-year performance. The reported six-month figures also compare with full-year revenue from operations of Rs 226.20 crore and profit for the period of Rs 15.86 crore for the year ended 31 March 2026.

What do Rossell India’s cash flow and balance sheet show?

Rossell India used Rs 14.93 crore in operating activities during the six months ended 30 September 2026, compared with an operating cash outflow of Rs 9.61 crore in the corresponding 2025 period. Operating profit before working-capital changes was Rs 43.93 crore, but working-capital changes resulted in an outflow of Rs 58.32 crore and direct taxes paid were Rs 54 lakh.

The working-capital movement coincided with inventories rising to Rs 54.06 crore at 30 September 2026 from Rs 9.86 crore at 31 March 2026. Trade receivables rose to Rs 29.55 crore from Rs 84 lakh, while current investments declined to Rs 15.50 crore from Rs 29.98 crore. Cash and cash equivalents increased to Rs 1.55 crore from Rs 39 lakh.

Net cash from investing activities was Rs 12.58 crore for the six-month period, compared with Rs 22.76 crore a year earlier. Rossell India reported Rs 3.30 crore of purchases of property, plant and equipment and other capital assets, alongside net proceeds associated with current investments. Net cash used in financing activities was Rs 1.51 crore, the same as in the prior-year six months.

Total assets rose to Rs 354.02 crore at 30 September 2026 from Rs 294.36 crore at 31 March 2026. Equity increased to Rs 228.87 crore from Rs 199.75 crore, while total liabilities rose to Rs 125.15 crore from Rs 94.61 crore. Current borrowings were Rs 39.14 crore, up from Rs 27.15 crore, whereas non-current borrowings declined to Rs 32.48 crore from Rs 37.48 crore.

Conclusion

Rossell India delivered higher September-quarter revenue and pre-tax profit, with revenue from operations rising 13% to Rs 91.57 crore and profit before tax reaching Rs 34.99 crore. A rise in tax expense to Rs 7.71 crore, however, left profit for the period broadly unchanged at Rs 27.28 crore, while first-half profit for the period declined to Rs 31.09 crore.

What to watch next is the progression of the Rs 58.32 crore first-half working-capital outflow, particularly after inventories reached Rs 54.06 crore and trade receivables Rs 29.55 crore at 30 September 2026. Rossell India’s results were approved on 10 November 2026, and the company says its seasonal tea operations mean the interim figures do not indicate the full-year outcome.