Grasim Industries has announced its financial results for the quarter and half year ended 30th September 2026. The company reported a record standalone revenue of ₹12,747 crore for Q2 FY27, a 33% increase year-on-year. Consolidated revenue also saw a healthy rise of 26% to ₹50,105 crore. EBITDA also showed substantial year-on-year growth across both segments, highlighting strong operational performance.
Grasim Industries Announces Strong Q2 FY27 Results
Grasim Industries Limited today announced its financial results for the quarter and half year ended 30th September 2026, revealing a robust performance across its businesses. The company achieved an all-time high standalone revenue of ₹12,747 crore for the second quarter of FY27, marking a significant 33% year-on-year (YoY) increase. This growth was driven by strong momentum in core and growth businesses, demonstrating resilience amidst global volatility.
Standalone Performance Highlights
On a standalone basis, EBITDA stood at ₹4,615 crore, up by 158% YoY. This surge was largely attributable to dividend income from UltraTech of ₹3,968 crore and a favourable product mix, partially offset by higher input prices. Adjusted PAT (before exceptional items) soared by 289% YoY to ₹3,132 crore, while reported PAT stood at ₹2,306 crore, up 187% YoY, after accounting for an exceptional charge of ₹825 crore related to impairment/estimated exposure in a pulp JV.
The standalone results are considered to reflect the actual underlying performance, with the dividend from UltraTech being a notable contributor. Cash Profit for the quarter was ₹3,968 crore, up 151% YoY.
Consolidated Financial Snapshot
Consolidated revenue for the quarter reached ₹50,105 crore, a 26% YoY increase. Consolidated EBITDA also grew by 25% YoY to ₹6,513 crore. Adjusted PAT (before exceptional items) stood at ₹536 crore. However, the consolidated reported PAT showed a loss of ₹234 crore, impacted by an exceptional charge of ₹767 crore towards impairment/estimated exposure in a pulp JV.
On a trailing twelve-month basis, consolidated revenues reached ₹1,94,234 crore, up 11% YoY. TTM EBITDA stood at ₹28,816 crore, also up 11% YoY, driven by businesses like Cellulosic Staple Fibres, Building Materials, and Financial Services. The standalone business now contributes approximately 24% to the consolidated revenue and EBITDA.
Key Business Segment Updates
Cellulosic Fibres: Revenue grew by 29% YoY to ₹5,344 crore, supported by volume growth and favourable product mix. EBITDA increased by 49% YoY to ₹522 crore.
Chemicals: Segment revenue was up 15% YoY to ₹2,759 crore, led by volume growth and performance in chlorine derivatives. EBITDA stood at ₹326 crore, down 11% YoY due to higher power costs.
Building Materials (Cement, Paints, B2B E-commerce): Revenue grew by 23% YoY to ₹27,378 crore, with EBITDA up 19% YoY to ₹3,510 crore, driven by improved profitability in the Cement business.
Birla Opus (Decorative Paints): Revenue for Q2 FY27 stood at ₹1,337 crore, up 35% YoY, with volumes growing 20% YoY. The business aims to achieve a double-digit revenue market share in the Indian organised decorative paints market by H2 FY27.
Birla Pivot (B2B E-Commerce): Revenue stood at ₹2,785 crore, up 66% YoY. The business aims to cross ₹120 billion in revenue for FY27 and targets EBITDA profitability in H2 FY27.
Financial Services: Aditya Birla Capital reported a consolidated revenue of ₹13,990 crore, a 32% YoY growth. The total lending portfolio increased to ₹2,33,930 crore.
Outlook
Grasim is well-positioned to capitalize on India’s expanding consumption and infrastructure opportunities. The company’s strategic focus on capacity expansion, operational efficiencies, and sustainability provides a strong foundation for future growth.
Source: BSE
