Grasim Industries Limited reported consolidated revenue of ₹1,75,431 crore for the fiscal year ended March 31, 2026, marking an 18% year-on-year increase. Adjusted profit after tax (PAT) attributable to owners rose 33% to ₹5,208 crore, driven by strong performance across its diversified business portfolio.

The company’s EBITDA expanded 29% to ₹25,872 crore, with margins improving from 13% in FY25 to 15% in FY26. This profitability growth was supported by operational efficiencies and lower logistics costs in the cement segment, alongside improved product mix in cellulosic fibres.

Segment Performance

The building materials segment remained the primary revenue driver, contributing ₹1,01,202 crore (58% of total revenue), up 24% from FY25. Consolidated cement volumes reached 154.25 million tons, a 9% increase, while Ready Mix Concrete (RMC) volumes surged 23% to 16.4 million cubic metres. Overseas revenue in grey and white cement grew 32%.

Cellulosic fibres revenue grew 8% to ₹17,104 crore. Cellulosic staple fibre (CSF) sales volumes increased 3% to 869 kilotonnes, driven by higher export volumes of specialty fibres, which now constitute 24% of the sales mix compared to 19% in FY24.

Chemicals revenue rose 11% to ₹9,592 crore, led by stable caustic soda sales of 1,232 kilotonnes. Financial services revenue grew 12% to ₹45,427 crore, with Aditya Birla Capital reporting a 22% increase in PAT to ₹3,635 crore.

Balance Sheet and Capital Allocation

Consolidated net debt stood at ₹36,915 crore as on March 31, 2026, up from ₹35,402 crore a year earlier. However, the net debt-to-EBITDA ratio improved to 1.43x from 1.77x in FY25, reflecting stronger earnings coverage. Total debt to total assets ratio was 0.39x.

Capital expenditure for FY26 was ₹15,396 crore. Over the five-year period from FY22 to FY26, growth capex accounted for 77% of total investment, underscoring focus on capacity expansion in high-growth areas like decorative paints and specialty chemicals.

What the Numbers Show

While consolidated revenue grew robustly at 18%, standalone revenue from operations expanded even faster at 30% to ₹41,039 crore. This divergence highlights the significant scale and leverage provided by Grasim’s equity-accounted subsidiaries, particularly UltraTech Cement and Aditya Birla Capital, which drive the majority of the group’s top-line growth despite being partially consolidated.

Grasim Industries will hold a series of one-to-one meetings with institutional investors and analysts between August 31 and September 2, 2026. The company disclosed the schedule under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The engagements aim to discuss the latest corporate and investor presentations, which are available on the company’s website. Management confirmed that no unpublished price-sensitive information will be shared during these interactions.

Meeting Schedule

The company will interact with three key stakeholders over the three-day period. The sessions will be conducted via both virtual and physical modes.

Neelabja Chakrabarty, Company Secretary and Compliance Officer, signed the disclosure. The company noted that the schedule may change due to exigencies on the part of the investors or the company.

The disclosure was also circulated to the Luxembourg Stock Exchange and Citibank N.A. for depository receipt and custodial services.