Gillanders Arbuthnot's Q2 revenue slips as tea business weakens
Indian tea and engineering group Gillanders Arbuthnot posted a 6.2% Q2 revenue drop and a 6.0% profit decline, mainly due to weak tea sales, per Reuters.
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what happened
Indian group Gillanders Arbuthnot and Company, active in tea and engineering, reported that its Q2 revenue from operations fell 6.2% to INR 1.24 billion. Consolidated profit for the period dropped 6.0% to INR 134.1 million.
The weakness came mainly from the tea division, where revenue slid to INR 667.8 million from INR 793.7 million a year earlier, and pre-tax operating profit fell to INR 136 million from INR 168.2 million. The textiles unit moved into the black, posting operating profit of INR 4 million against a loss of INR 7.8 million a year earlier.
The company did not give specific financial guidance for upcoming quarters or the full year. The information was published by Reuters.
why it matters
For markets this is a results report from a small company with a narrow industry focus, so the impact on broad indices is minimal. Interest is mostly limited to the group's own shareholders and participants in the tea market.
tags
sources
- India's Gillanders Arbuthnot Q2 revenue falls on tea segment weakness — Reuters, 13 November 2026 at 08:08 UTC
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