Diana Tea Company Q1 FY26: Brewing Losses with 114 Years of Experience
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1. At a Glance
If you thought tea was recession-proof, meet Diana Tea Company Ltd. Q1 FY26 net profit: ₹1.66 Cr. But over the last 3 years, it’s mostly been steeped in red ink. ROE: -6.88%. ROCE: -1.22%. Market cap is barely a blip at ₹45.7 Cr. Yet, it’s been around since 1911. Colonial hangover or value trap? You decide.
2. Introduction with Hook
Picture a 114-year-old gentleman in Darjeeling sipping tea… and burning cash. That’s Diana Tea Company. It manufactures CTC tea, sells through auction centers, and somehow still can’t make consistent profits.
Stock trades at 0.71x book value
EPS is doing a Bollywood dance—up, down, gone
10-year revenue CAGR: a princely 5%
Diana is what happens when the product is hot but the business is cold.
3. Business Model (WTF Do They Even Do?)
Diana Tea is in the CTC tea game. It grows, plucks, processes, and sells bulk and branded tea.
Sells mainly via auctions in Kolkata & Siliguri
Parent company: Diana Capital Ltd
Revenue mostly from bulk sales; branding still a side hustle
Manufacturing since 1911, but profits apparently still “in development”
Basically, they grow leaves, crush them, and auction them. And somehow still lose money doing it.
