Grasim Industries has reported its highest-ever quarterly revenue of Rs 50,105 crore for the quarter ended September 30, 2026, registering a robust 26% year-on-year growth, even as the company’s consolidated net profit slipped into the red following a substantial exceptional charge linked to its Canadian pulp joint venture.

The Aditya Birla Group flagship, in its financial results announced on November 13, reported consolidated EBITDA of Rs 6,513 crore, up 25% from Rs 5,217 crore in the corresponding quarter last year.

Consolidated adjusted profit after tax (PAT), before exceptional items, stood at Rs 536 crore, compared with Rs 595 crore in the year-ago quarter. The company reported a consolidated net loss of Rs 234 crore, against a profit of Rs 595 crore a year earlier.

The reported loss includes an exceptional charge of Rs 767 crore towards impairment and estimated exposure in AV Group NB Inc., the company's pulp joint venture in Canada.

Standalone performance delivers a sharp profit surge

Grasim's standalone performance painted a significantly stronger picture, with revenue hitting an all-time high of Rs 12,747 crore, up 33% year-on-year.

Standalone EBITDA more than doubled, soaring 158% to Rs 4,615 crore from Rs 1,786 crore in the corresponding quarter last year. Adjusted PAT, before exceptional items, jumped 289% to Rs 3,132 crore, while reported PAT rose 187% to Rs 2,306 crore.

The standalone results include a dividend receipt of Rs 3,968 crore from UltraTech Cement, which is eliminated in the consolidated financial statements.

The company said, “We believe that for this quarter, Standalone results reflect actual underlying performance of the Company, as compared to Consolidated results. The dividend from UltraTech of Rs. 3,968 crore is cash received by the Company, which is accounted in Standalone results, however, gets eliminated in Consolidated results.”

The standalone reported profit also factors in an exceptional charge of Rs 825 crore towards impairment and estimated exposure in AV Group NB Inc., Canada.

Consumer businesses gain momentum

Grasim's key businesses delivered broad-based growth during the quarter, with cement, chemicals, cellulosic fibres and its newer consumer-facing ventures reporting strong revenue expansion.

The cellulosic fibres business recorded 29% year-on-year revenue growth, driven by higher volumes and a favourable product mix.

The chemicals business grew 15%, supported by chlorine derivatives and resilience in caustic soda.

Cement revenue increased 19%, primarily on the back of volume growth and pricing discipline.

The company's paints venture, Birla Opus, continued its growth trajectory, posting revenue of Rs 1,337 crore, up 35% year-on-year. The company is targeting a double-digit revenue market share in the second half of FY27.

Its B2B e-commerce platform, Birla Pivot, reported an even sharper growth of 66%, with revenue reaching Rs 2,785 crore. Its annualised revenue run rate (ARR) is trending above Rs 11,000 crore.

Financial services portfolio expands 32%

Grasim's financial services business also sustained strong growth, with its combined lending portfolio across the non-banking financial company (NBFC) and housing finance company (HFC) businesses expanding 32% year-on-year to Rs 2,33,930 crore.

Strong first-half growth

For the first half of FY27, Grasim's standalone revenue rose 30% to Rs 24,541 crore, while EBITDA surged 147% to Rs 5,708 crore. Adjusted PAT climbed 392% to Rs 3,378 crore.

On a consolidated basis, first-half revenue grew 23% to Rs 98,821 crore, while EBITDA increased 25% to Rs 14,591 crore. Adjusted PAT stood at Rs 2,690 crore, up 32%.

The quarterly numbers underline the strength of Grasim's standalone earnings and the growing contribution of its diversified businesses, even as the exceptional charge relating to its Canadian pulp joint venture weighed on consolidated profitability.