Grasim Industries Ltd
NSE:GRASIM
Grasim Industries Ltd
Grasim Industries Ltd., a flagship company of the Aditya Birla Group, weaves a multifaceted narrative in the fabric of the Indian industrial landscape. Originally established in 1947, Grasim began its journey as a textile manufacturer, a poignant start in an era when cotton and viscose staple fiber were essential economic drivers. Over the decades, Grasim has adeptly diversified its portfolio, reflecting the strategic foresight the Aditya Birla Group is known for. It ventured into the production of viscose staple fiber, cement, chemicals, financial services, and more recently, in paints. The company’s commitment to an integrated and sustainable business model allows it to operate as a conglomerate that powers several segments, thus encapsulating the dynamic spirit of India’s industrial evolution.
The company generates revenue through its diversified sectors. In the viscose staple fiber segment, Grasim is a global leader in producing eco-friendly fibers used extensively in textiles and clothing. Its cement division, represented by Ultratech Cement, stands tall as one of the largest manufacturers in India, providing crucial inputs for infrastructure and construction. Additionally, Grasim's chemicals business contributes to its robust earnings by supplying essential chemicals for industries ranging from textiles to agriculture. The budding paints division and a footprint in financial services through stakeholds in Aditya Birla Capital exemplify its thrust towards harnessing growth sectors. Grasim’s strategic diversification and commitment to sustainability not only buffer it against economic cycles but also align with future-ready growth trajectories.
Grasim Industries Ltd., a flagship company of the Aditya Birla Group, weaves a multifaceted narrative in the fabric of the Indian industrial landscape. Originally established in 1947, Grasim began its journey as a textile manufacturer, a poignant start in an era when cotton and viscose staple fiber were essential economic drivers. Over the decades, Grasim has adeptly diversified its portfolio, reflecting the strategic foresight the Aditya Birla Group is known for. It ventured into the production of viscose staple fiber, cement, chemicals, financial services, and more recently, in paints. The company’s commitment to an integrated and sustainable business model allows it to operate as a conglomerate that powers several segments, thus encapsulating the dynamic spirit of India’s industrial evolution.
The company generates revenue through its diversified sectors. In the viscose staple fiber segment, Grasim is a global leader in producing eco-friendly fibers used extensively in textiles and clothing. Its cement division, represented by Ultratech Cement, stands tall as one of the largest manufacturers in India, providing crucial inputs for infrastructure and construction. Additionally, Grasim's chemicals business contributes to its robust earnings by supplying essential chemicals for industries ranging from textiles to agriculture. The budding paints division and a footprint in financial services through stakeholds in Aditya Birla Capital exemplify its thrust towards harnessing growth sectors. Grasim’s strategic diversification and commitment to sustainability not only buffer it against economic cycles but also align with future-ready growth trajectories.
Record Revenue: Grasim reported its highest-ever consolidated quarterly revenue of INR 44,312 crores, up 25% year-on-year, and nine-month revenue of INR 124,330 crores, up 19%.
Paints Momentum: Birla Opus, Grasim’s Paints business, continued rapid scale-up, achieving over 70% volume growth YoY and expanding revenue market share by 300 basis points YoY, with premium and luxury products contributing 65% of revenue.
B2B E-commerce Surge: Birla Pivot crossed an INR 8,500 crore annualized revenue run rate, far ahead of FY '27 guidance, and is on track for breakeven by FY '27 exit.
EBITDA Growth: Consolidated EBITDA rose 33% YoY to INR 6,215 crores, while stand-alone EBITDA grew 57% YoY to INR 585 crores.
Strong Building Materials: Building Materials segment revenue grew 30% YoY, with UltraTech capacity at 194.06 MT and plans to reach 240.8 MT by March 2028.
Chemicals & Fibers: Cellulose Fiber EBITDA up 48% YoY to INR 491 crores; chemical business showed strong volumes but lower EBITDA due to margin pressure in specialties.
Profitability Outlook: Management reiterated guidance to achieve INR 10,000 crores Paints revenue by third full year and reach profitability, with Pivot also expected to break even by FY '27 end.
Capitalization Complete: All six paint plants are now fully operational, with no major pending CapEx; depreciation and interest costs now fully reflected in results.
