Grasim Industries reported a 17% YoY increase in consolidated revenue for Q2FY26, reaching ₹39,900 Cr, primarily driven by growth in the Building Materials and Chemicals businesses. EBITDA rose by 29% YoY, and PAT increased by 76% YoY. The company is expanding cement capacity to 240.8 mtpa by March 2028 and has commissioned its 6th Birla Opus paints plant.
Financial Performance: Key Highlights
Grasim Industries announced its Q2FY26 results, showcasing significant growth:
- Revenue: Consolidated revenue for the quarter reached ₹39,900 Cr, a 17% increase YoY.
- EBITDA: Reported a 29% YoY increase.
- PAT: Grew by 76% YoY.
Segmental Performance
Cellulosic Staple Fibre (CSF)
Specialty sales volumes increased by 53% YoY, driven by higher exports. However, CSF sales volume de-grew by 5% YoY due to temporary logistics challenges.
Chemicals
EBITDA increased by 34% YoY due to higher ECU realization and volume growth in Chlorine Derivatives. Revenue stood at ₹2,399 Cr, up 17% YoY.
Building Materials (Cement, Paints & B2B E-commerce)
Reported a revenue of ₹22,253 Cr, a 28% YoY increase. EBITDA stood at ₹2,950 Cr, a 55% YoY increase.
Cement Business (UltraTech)
Announced capacity expansion plans aiming for a total grey cement capacity of 240.8 mtpa by March 2028. Consolidated sales volumes stood at 33.85 MT, up by 6.9% YOY.
Paints Business (Birla Opus)
The total capacity has reached 1,332 MLPA, marking an industry capacity share of approximately 24%.
B2B E-Commerce (Birla Pivot)
The quarter saw revenue growth of 15% QoQ.
Financial Services (Aditya Birla Capital)
The overall lending portfolio grew by 29% YoY. Revenue of the financial Services business grew by 3% YoY.
Other Businesses
Revenue from other businesses stood at ₹996 Cr and EBITDA stood at ₹249 Cr.
Capital Expenditure
Capital expenditure for Q2FY26 stood at ₹461 Cr. The rapid Paints scale-up has been executed without any project overrun.
Sustainability Initiatives
The company remains committed to increasing the adoption of renewable energy and water recycling across manufacturing units. Grasim’s Cellulosic Fibres business has achieved the highest rating in Canopy’s Hot Button Report 2025.
Source: BSE
