By: ICN Bureau
Last updated : November 07, 2025 11:34 am
The chemicals business reported revenue of Rs. 2,399 crore, up 17 per cent YoY, while EBITDA grew 34 per cent YoY to Rs. 365 crore
Grasim Industries Limited announced its financial results for the quarter ended September 2025, reporting a consolidated revenue of Rs. 39,900 crore, reflecting a 17 per cent year-on-year increase compared to Rs. 34,223 crore in the same period last year, largely driven by growth in building materials and chemicals businesses.
At the operating level, consolidated EBITDA stood at Rs. 5,217 crore, up 29 per cent year-on-year, mainly driven by higher profitability in the cement and chemicals businesses.
The Aditya Birla Company reported a consolidated net profit attributable to owners of the company at Rs. 553 crore for Q2FY26, up 76% from Rs. 315 crore in the same quarter last year.
The result is driven by the performance of building materials and chemicals. Despite monsoon-related demand weakness, the building materials segment reported revenue of Rs. 22,253 crore, up 28 per cent year-on-year, driven by strong performance across the cement, paints, and B2B E-commerce businesses.
Meanwhile, the chemicals business reported revenue of Rs. 2,399 crore, up 17 per cent YoY, while EBITDA grew 34 per cent YoY to Rs. 365 crore, driven by higher volumes in chlorine derivatives and improved ECU realizations.
Caustic soda international average spot prices (CFR-SEA) declined for the second consecutive quarter to $449/ton in Q2FY26, down by 5 per cent YoY. However, domestic caustic realisations were higher due to stable domestic demand and rupee depreciation.
ECU realisations stood at Rs. 32,979/ton, up 8% YoY. Caustic sales volumes stood flattish YoY due to lower production by constrained power availability. Specialty Chemicals volumes were higher by 34 per cent YoY supported by stabilising utilisation levels at the last commissioned plant. However, higher input prices continue to impact profitability in Specialty Chemicals.
The company’s paints business, Birla Opus, continues to gain market share in the Indian decorative paints market, despite industry slowdown. Revenue market share gains are driven by rapid expansion of distribution network, higher secondary sales, enhanced brand visibility and sustained product quality differentiation. With commencement of Kharagpur plant in October 2025, the total capacity has reached 1,332 MLPA. This marks an industry capacity share of ~24%, the 2nd largest in the Indian decorative paints market.
Grasim’s Capital expenditure (capex) for Q2FY26 stood at Rs. 461 crore and for H1FY26 stood at Rs. 941 crore. Paints total cumulative capex stood at Rs. 9,727 crorer. The rapid paints scale up has been executed without any project overrun. In Cellulosic Fibres, Phase-1 of 55 KTPA (out of total 110 KTPA) is progressing well and commissioning is targeted by mid-2027.