Grasim Industries Limited has made the audio recording of its quarterly earnings call available to investors and stakeholders. The call was held on August 12, 2026, to discuss the company’s unaudited financial results for the quarter ended June 30, 2026.

The management team presented both standalone and consolidated financial performance metrics during the session. The recording provides insights into the company’s operational updates and financial outlook for the period.

Regulatory Disclosure

The release of the audio recording is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of price-sensitive information to stock exchanges and investors.

The audio file is hosted on the Grasim Industries website for public access. Investors can listen to the detailed discussion regarding the Q1FY27 results through the provided link on the corporate portal.

Contact Information

For further queries or clarifications regarding the financial results, investors may contact the Company Secretary and Compliance Officer, Neelabja Chakrabarty. The company’s registered office is located in Birlagram, Nagda, Madhya Pradesh, while its corporate office operates from Mumbai.

Grasim Industries reported a consolidated EBITDA of ₹8,077 crore for the quarter ended June 30, 2026, marking a new high and rising 26% year-on-year. Consolidated revenue grew 21% to ₹48,716 crore, while adjusted profit after tax (PAT) surged 49% to ₹2,153 crore. The strong performance was driven by robust growth across its diversified portfolio, particularly in building materials and financial services, signaling resilient demand and effective cost management. This result underscores the company's ability to generate significant operating leverage even as it navigates macroeconomic headwinds. Notably, the standalone entity returned to profitability with a net profit of ₹246.65 crore, compared to a loss of ₹118.18 crore in the previous year.

The Board of Directors, chaired by Managing Director Himanshu Kapania, approved the unaudited results on August 12, 2026, in compliance with SEBI Listing Regulations. Joint statutory auditors B S R & Co. LLP and KKC & Associates LLP conducted a limited review. Standalone revenue reached an all-time high of ₹11,795 crore, up 28% year-on-year. The turnaround in standalone profitability was supported by favorable product mix and pricing in core businesses, with standalone EBITDA more than doubling to ₹1,094 crore, up 107% year-on-year.

Financial Performance Highlights

Consolidated operating margins improved to 16.14% from 15.41% in the prior year period. The adjusted PAT growth outpaced revenue expansion, reflecting operational efficiency. Standalone EBITDA margin expanded to 8.10% from 4.20% in the prior year period. Net debt to trailing twelve-month (TTM) EBITDA stood at 1.45x as on June 30, 2026, improving from 1.62x a year ago, indicating better leverage management despite increased borrowing.

The following table summarizes the key consolidated and standalone financial metrics for the quarter:

Segment-wise Contribution

The Building Materials segment remained the largest contributor with revenue of ₹28,835 crore. Within this segment, UltraTech Cement's total grey cement capacity stands at 205.5 MTPA, with sales volumes rising 12.2% to 41.3 million tons. Birla Opus further strengthened its position as the third largest player in India's organised decorative paints industry, with revenue growing 17% quarter-on-quarter and 64% year-on-year to ₹1,661 crore. The company expects over 10% growth in the organised paints market over the next decade, driven by housing demand, urbanization, premiumization, and rising aspirations. Grasim also indicated that Birla Opus is on track to achieve EBITDA break-even. Birla Pivot B2B e-commerce revenue surged 75% to ₹2,548 crore.

Financial Services recorded revenue of ₹12,155 crore, with the total lending portfolio growing 32% to ₹2,19,289 crore. Cellulosic Fibres revenue rose 12% to ₹4,530 crore due to higher global prices, despite a 4% dip in sales volumes. Chemicals segment revenue increased 10% to ₹2,640 crore, with EBITDA up 16% to ₹491 crore.

Strategic Developments

Aditya Birla Renewables Limited signed a Share Purchase Agreement on July 13, 2026, to acquire 100% of Solenergi Power Private Limited for an enterprise value of approximately ₹17,200 crore. Additionally, Aditya Birla Capital Limited raised ₹4,000 crore through preferential allotment, with Grasim investing ₹2,880 crore to maintain its 52.30% stake. The company's budgeted capex for FY27 is ₹3,157 crore, with nearly 45% allocated to growth projects.

What the Numbers Show

The divergence between standalone and consolidated profitability underscores the critical role of subsidiaries like UltraTech Cement and Aditya Birla Capital in Grasim's earnings mix. While the standalone entity returned to profitability, over 90% of the group's bottom line originates from subsidiaries. The surge in adjusted PAT (49%) versus revenue growth (21%) indicates significant operating leverage and margin expansion across key segments, particularly in chemicals and building materials.