Grasim Industries’ Profit Up by 32% in June Quarter

Mumbai, August 8, 2025 – Grasim Industries Ltd (NSE: GRASIM, BSE: 500300) kicked off FY26 on a strong note, reporting a 32% year-on-year surge in consolidated net profit to ₹1,419 crore for the quarter ended June 30, 2025. Robust performances across its cement, chemicals, paints, and B2B e-commerce segments drove the growth.

Stock Performance

On August 8, 2025, Grasim Industries Ltd closed at ₹2,691.60, down 1.90% (₹52.10), after trading between ₹2,748.90 and ₹2,672.60, with a market capitalisation of ₹1.83 lakh crore, a P/E ratio of 48.50, a dividend yield of 0.37%, and a quarterly dividend of ₹2.49 per share, compared to its 52-week range of ₹2,276.95 to ₹2,896.00.

Financial Performance

Grasim Industries reported revenue of ₹40,118 crore for Q1FY26, marking a 16% year-on-year increase from ₹34,610 crore, while EBITDA surged 36% to ₹6,430 crore and PAT (Owner’s Share) rose 32% to ₹1,419 crore. Figures were restated following UltraTech Cement’s acquisition of Kesoram Industries. Standalone revenue reached an all-time high of ₹9,223 crore, up 34% YoY, driven by strong growth in Birla Opus (paints) and Birla Pivot (B2B e-commerce), supported by stable contributions from Cellulosic Fibres and Chemicals.

Segment Highlights

Cellulosic Fibres: ₹4,043 crore (+7% YoY) revenue; domestic volumes +2%. EBITDA declined 20% to ₹322 crore on the back of increased input costs.

Chemicals: ₹2,391 crore revenue (+16% YoY); EBITDA rose 36% to ₹422 crore on better caustic soda and chlorine derivatives margins.

Cement (UltraTech): Volume +9.7% YoY to 36.83 MT; EBITDA/MT +37% to ₹1,248.

Paints (Birla Opus): Sustained double-digit QoQ growth; distribution now extends to 8,000+ towns with 1,460+ SKUs.

B2B E-commerce (Birla Pivot): High single-digit QoQ growth despite seasonal headwinds; FY27 revenue target at ₹8,500 crore.

Financial Services: Lending portfolio +30% YoY to ₹1,65,832 crore; AUM +20% to ₹5,53,504 crore.

Other Businesses: Revenue ₹865 crore; renewable energy capacity doubled to 1.9 GWp.

Capex & Sustainability

In Q1FY26, the company incurred a capital expenditure of ₹480 crore, with a total FY26 capex plan of ₹2,263 crore already approved. The Lyocell Phase-1 project, with a capacity of 55,000 TPA, remains on track for commissioning by mid-2027. Demonstrating its ongoing commitment to sustainability, the company has been recognized as a Sustainable Organization 2025 for the fourth consecutive year. During the quarter, it also commissioned the Reviva-M unit at Nagda, aimed at recycling rejected textiles into fibre. Additionally, renewable power accounted for 23% of its energy consumption, while recycled water usage stood at 48%.

Management Outlook

Grasim believes to leverage India’s infrastructure boom, manufacturing momentum, and consumer incomes growth to capitalize on its diversified portfolio for sustainable growth across core and new-age businesses.

REF:https://nsearchives.nseindia.com/corporate/GRASIM_08082025142609_SEIntimationPressRelease.pdf

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