Grasim Industries announced its audited financial results for the financial year ended March 31, 2026. The company reported its highest-ever revenue and EBITDA for both the quarter and the full year, driven by robust performance across all business segments. Additionally, the Board recommended a dividend of ₹10 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance

The company achieved its highest-ever revenue of ₹1,75,431 Cr in FY26, an increase of 18% year-on-year. EBITDA for the year stood at ₹25,872 Cr, up 29% YoY. Consolidated net profit after taxes and non-controlling interest for the year grew by 34% to ₹4,966 Cr. For the quarter ended March 31, 2026 (Q4FY26), revenue reached ₹51,101 Cr, up 15% YoY, while EBITDA stood at ₹8,011 Cr, an increase of 22% YoY. Net profit for the quarter rose 31% to ₹1,958 Cr.

The following table summarizes the consolidated financial performance for the year and quarter:

Segment Highlights

The Building Materials segment reported its highest-ever quarterly revenue of ₹30,042 Cr, up 19% YoY. The Paints business, Birla Opus, saw revenue increase by 52% YoY, while the B2B E-commerce platform, Birla Pivot, recorded a 136% YoY revenue growth. The Financial Services business saw its total lending portfolio grow by 32% YoY to ₹2,07,368 Cr. In the Cellulosic Fibres segment, revenue grew by 14% YoY to ₹4,614 Cr, and EBITDA doubled to ₹588 Cr.

Dividend Declaration

The Board of Directors recommended a dividend of ₹10 per equity share for the financial year ended March 31, 2026. This translates to 500% of the face value of ₹2 each. The total cash outflow on account of the dividend is estimated at ₹681 Cr. The dividend distribution is subject to shareholder approval at the ensuing Annual General Meeting.

Grasim Industries Limited held its earnings call on 20th May 2026 to discuss Audited Financial Results, both Standalone and Consolidated, for the quarter and year ended 31st March 2026. The call, whose audio recording has been made available to investors and analysts, also featured key management guidance on the company's paints business, Birla Opus, its B2B venture Birla Pivot, UltraTech Cement's capacity expansion, and the company's broader capital allocation strategy.

Birla Opus Growth Targets

Management shared forward-looking guidance for Birla Opus, the company's decorative paints venture, during the concall. The key targets highlighted by management are summarised below:

Management indicated that FY26 is considered the first full year of full-scale operations for Birla Opus. The target of achieving INR10,000 crore in profitable revenue is set for the third year of full-scale operations. Additionally, Birla Opus is targeting high double-digit growth for FY27, as the business scales up its presence across the decorative paints segment.

Birla Pivot: EBITDA Breakeven Guidance

Management provided guidance on Birla Pivot, the company's B2B commerce venture, outlining its near-term profitability roadmap. Birla Pivot targets exiting FY27 with EBITDA breakeven, with management noting that this milestone could potentially be achieved sooner. The business is expected to continue its revenue growth trajectory while deepening its category presence across segments it operates in.

UltraTech Cement Capacity Expansion

Management also provided an update on UltraTech Cement's capacity expansion plans. UltraTech Cement is on track to reach 240+ million tons per annum (MTPA) capacity by March 2028, underscoring the group's continued commitment to scaling its cement operations.

Capital Allocation Strategy

Management outlined Grasim's broader capital allocation framework during the concall. The strategy involves reinvesting all revenues and EBITDA from Grasim into its growth businesses. Maintaining over 50% stake in UltraTech and Aditya Birla Capital is stated as a long-term objective for the company.

Earnings Call Recording & Regulatory Filing

The audio recording of the earnings call is accessible to investors and analysts via the official link hosted on the company's website. The intimation was issued under reference number GIL/CFD/SEC/27/034/SE and dated 20th May 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The filing was digitally signed by Neelabja Chakrabarty, Company Secretary and Compliance Officer (ACS - 16075), on behalf of Grasim Industries Limited. Copies of the communication were addressed to the Luxembourg Stock Exchange, Citibank N.A. (Depositary Receipt Services, New York), and Citibank N.A. (Custodial Services, Mumbai).