Grasim Industries has reported highest-ever quarterly consolidated Revenue and EBITDA at Rs. 44,267 crore, up 17% YoY and Rs. 6,548 crore, up 6% YoY respectively in Q4 FY25. This is led by superior performance in cement, chemicals and financial services businesses. Higher interest and depreciation cost led to lower PAT at Rs. 1,559 crore.

For FY25, Grasim's consolidated Revenue reached an all-time high of Rs. 1,48,478 crore, up by 13% YoY, led by superior performance across key business segments. Specifically, the Building Materials and Financial Services businesses delivered a robust performance. EBITDA for the year stood at Rs. 20,023 crore, down by 4% YoY due to initial investments for building a strong consumer-facing Paints business, Birla Opus. PAT stood at Rs. 3,902 crore, lower by 37% YoY due to higher interest and depreciation charges on account of investments in the Building Materials business.

At Standalone level, Revenue growth was impressive at 32% YoY, reflecting the strategic success of our New Businesses and sustained strength of our Core businesses.

Chemicals (Chlor-Alkali, Chlorine Derivatives and Specialty Chemicals)

International Caustic Soda (CFR-SEA) average spot prices for Q4FY25 stood at a two-year high level of $525/ton, up 16% YoY. Likewise, caustic realisations in domestic markets also improved. However, the continued oversupply of Chlorine leading to higher negative Chlorine realisations restricted growth in ECU which stood at Rs. 35,137/ton.

Caustic soda sales volume stood at 290 KT, down 6% YoY, owing to lower production due at Karwar and Vilayat plants impacted by temporary shut down and power constraints, respectively. The Chemicals business revenue was up by 10% YoY at Rs. 2,302 crore. The business EBITDA increased by 52% YoY at Rs. 296 crore led by improved realization in Caustic Soda and better profitability of Chlorine Derivatives.

Birla Opus

Within 6 months of Pan India Operations, Birla Opus, by itself, has become India’s #3 Decorative Paints brand (internal estimates) based on Q4FY25 exit revenue run-rate. When combining Q4FY25 revenues of Birla Opus and Birla White Putty, the revenue market share has crossed 10% of the Organised Decorative Paints market. Commercial production has already started at 5 plants with a capacity of 1,096 MLPA out of total planned capacity of 1,332 MLPA of 6 plants.

Post commercial production at the 6th plant (Kharagpur, West Bengal), expected from H1FY26, Birla Opus would have ~24% of the industry capacity in the Organised Decorative Paints market.

In FY25, Birla Opus successfully launched its comprehensive portfolio of 176 products and 1,250 SKUs across key categories including water-based emulsions, enamel paints, wood finishes, waterproofing solutions, and more. The superior quality of these products is garnering excellent response from consumers, builders, architects, designers, painters, and dealers alike. Media investments during H2FY25 propelled Birla Opus to become the 2nd most visible paints brand nationwide. In its first year of operations, Birla Opus Studios (own customer experience stores) reached 8 major cities and Birla Opus Paint Gallery (franchisee operated experience exclusive stores) built a retail footprint across 300+ towns. The product reach has increased to 6,600+ towns being serviced from 137 depots operational across India.

The total Capex for the business stood at Rs. 9,352 crore till 31st March 2025, ~94% of the planned Capex outlay.