Grasim Industries opened FY27 on a strong footing, posting a 21% year-on-year jump in consolidated revenue to Rs. 48,716 crore for the quarter ended June 30, 2026.
The Aditya Birla Group flagship also delivered its highest-ever quarterly EBITDA of Rs. 8,077 crore, up 26% year on year, as broad-based growth and cost efficiencies strengthened profitability. Adjusted profit after tax surged 49% to Rs. 2,153 crore.
The performance comes as Grasim’s core businesses remained resilient while its newer growth engines — paints and B2B e-commerce — continued to scale rapidly.
On a standalone basis, revenue hit a record Rs. 11,795 crore, rising 28% year on year. EBITDA more than doubled to Rs. 1,094 crore, up 107%, driven by the strong performance of its core Cellulosic Fibres and Chemicals businesses.
The company’s Building Materials portfolio delivered revenue of Rs. 28,835 crore, up 21% year on year, while EBITDA rose 17% to Rs. 5,002 crore.
UltraTech Cement remained the biggest contributor. Its total grey cement capacity across India and overseas reached 205.5 million tonnes per annum (MTPA) after an 8.7 MTPA expansion. The company is targeting capacity of more than 240 MTPA by March 2028.
Cement sales volumes rose 12.2% to 41.3 million tonnes, while ready-mix concrete volumes climbed 18% to 4.6 million cubic metres. Operating EBITDA per tonne increased to Rs. 1,214, helped by operating leverage and tighter cost management.
Meanwhile, Birla Opus continued its rapid expansion in decorative paints. Revenue jumped 64% year on year to Rs. 1,661 crore, with revenue market share increasing by about 30 basis points sequentially in the first quarter.
The paints business said first-time billed dealers rose more than 10% sequentially, while its exclusive branded retail network crossed 1,450 outlets. Birla Opus launched 10 new products and 95 SKUs during the quarter, taking its portfolio to 228 products and more than 1,945 SKUs.
The company also raised prices by an overall 8.8% during the quarter to offset sharply higher industry-wide input costs.
Grasim’s B2B e-commerce platform Birla Pivot recorded an even sharper rise in revenue, which jumped 75% year on year to Rs. 2,548 crore.
Despite moderating sequential revenue amid market volatility and customer-led inventory optimisation, its annualised revenue run-rate remained above Rs. 10,000 crore. Grasim said the business remains on track to achieve EBITDA break-even by the end of FY27.
The Cellulosic Fibres business recorded revenue of Rs. 4,530 crore, up 12% year on year, supported by higher global prices, rupee depreciation and a favourable product mix.
EBITDA nearly doubled to Rs. 632 crore, helped by a low base in the year-ago quarter and stronger contribution from Specialty Fibres.
China’s CSF market remained firm, with operating rates rising to 93% from 82% a year earlier. Global CSF prices averaged $1.81 per kg during the quarter, up 19% year on year.
Grasim’s CSF sales volumes declined 4% to 202 kilotonnes because of planned maintenance and subdued domestic demand. However, exports provided a significant cushion, with export sales more than doubling year on year.
The Chemicals business reported revenue of Rs. 2,640 crore, up 10%, while EBITDA increased 16% to Rs. 491 crore. Growth was led by Specialty Chemicals and Chlorine derivatives.
Specialty Chemicals accounted for 30% of segment revenue, an improvement of 200 basis points year on year.
Aditya Birla Capital delivered another quarter of broad-based growth, with consolidated revenue rising 28% year on year to Rs. 12,155 crore.
Its total lending portfolio across NBFC and HFC businesses grew 32% to Rs. 2,19,289 crore. Customer assets across asset management and insurance stood at Rs. 7,52,745 crore.
The company’s direct-to-consumer platform, ABCD, now serves more than 12 million customers, while its MSME-focused B2B platform, Udyog Plus, reached about 2.4 million registrations.
Grasim’s other businesses, including textiles, renewables and insulators, generated revenue of Rs. 1,126 crore, up 30% year on year. EBITDA nearly doubled to Rs. 302 crore.
Textiles revenue rose 26% to Rs. 690 crore, with EBITDA jumping to Rs. 45 crore from Rs. 9 crore a year earlier.
Renewables revenue surged 59% to Rs. 307 crore, while EBITDA rose 71% to Rs. 250 crore. Installed renewable capacity reached 1.96 GWp, an increase of 68 MWp year on year.
Grasim has budgeted Rs. 3,157 crore of capital expenditure for FY27 across its standalone businesses, with nearly 45% earmarked for growth projects.
The first phase of a 55,000-tonne-per-annum capacity expansion is progressing, with detailed engineering nearing completion and civil work underway. Environmental clearance for the second phase, involving 110,000 tonnes per annum, is in progress.
The company spent Rs. 375 crore on capital expenditure during Q1FY27.
Grasim increased the share of renewable power in its total standalone power requirement to 24%, compared with 23% a year earlier.
Recycled water accounted for 50% of freshwater consumption, as the company continued to expand clean-energy integration and circular water management across its manufacturing operations.
Grasim said the Government’s Viksit Bharat initiative is creating a favourable environment for demand across core industries.
With a resilient balance sheet and continued investment across its businesses, the company said it is positioned to participate in India’s next phase of growth, with cement, paints, B2B e-commerce, financial services, chemicals and renewable energy providing multiple avenues for expansion.
