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THE TEACONOMIST

THE TEACONOMIST

Companies & Labour

Jay Shree Tea Swings to a Full-Year Loss While Its Revenue Rises

The B.K. Birla group's tea company reported a Rs 21.83 crore net loss for FY26, reversing a Rs 128.97 crore profit, even as revenue rose almost 8%. The gap points to costs, not sales.

Jay Shree Tea and Industries reported a net loss of Rs 21.83 crore for the year to March 31, 2026, reversing a Rs 128.97 crore profit the year before, even as its revenue rose, the company said in a stock-exchange filing.

A full frame of dry, dark, curled loose black tea leaves.
Loose black tea, the bulk product behind an Indian producer's annual accountsOleg Guijinsky

Revenue from operations rose to Rs 915.95 crore from Rs 849.72 crore, a gain of about 8%. A company that sells more and earns less has a cost problem, not a demand problem: the price the market paid for its tea did not keep pace with what the tea cost to grow, pluck, and make. The B.K. Birla group producer, one of India's older listed tea houses, did not, in the filing, break the loss down further.

The result places Jay Shree in a soft run of FY26 accounts from the listed Indian producers. Dhunseri Tea's profit this year came from selling two Assam estates rather than from tea, and McLeod Russel's auditors flagged going-concern doubt as its losses narrowed. Read together, the figures describe a season in which the cost of making Indian tea rose faster than the auction would reward.

The same board meeting, on May 19, approved the voluntary delisting of the company's shares from the Calcutta Stock Exchange under the Securities and Exchange Board of India's delisting rules. The move is largely a formality. Trading on the Calcutta exchange has long been dormant, and the shares remain listed on the National Stock Exchange and the BSE. It tidies the register; it does not change the arithmetic above.


Sources: ScanX, "Jay Shree Tea reports net loss of Rs 2,183 lakh for FY26" (May 27, 2026); Whalesbook, "Jay Shree Tea Board Meets May 19 to Approve FY26 Results, Weigh CSE Delisting".

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