Grasim Industries , a diversified player in the Indian market, has reported a strong start to the fiscal year, with a 16% year-on-year growth in consolidated revenue, reaching ₹40,118.00 crores in the first quarter. The company's standalone revenue touched a record high of ₹9,223.00 crores, marking a 34% increase compared to the same period last year.

Strong Performance Across Segments

The robust growth was primarily driven by the company's new ventures in paints and B2B e-commerce, coupled with stable performance in its core businesses of cellulose fibers and chemicals. Consolidated EBITDA stood at ₹6,430.00 crores, representing a significant 36% year-on-year increase, mainly due to higher profitability in the cement and chemicals businesses.

Paints Business Gains Traction

Birla Opus, Grasim's paints division, reported double-digit quarter-on-quarter revenue growth. The brand has quickly established itself as a significant player in the decorative paints market. When combined with the Birla White putty business, the Aditya Birla Group's presence in the decorative paints segment has crossed a 10% revenue market share.

Rakshit Hargave, CEO of Birla Opus, stated, "As per internal estimates, Birla Opus on its own is India's No. 3 decorative brand." The company is expanding its manufacturing capabilities, with the trial production of its sixth plant in Kharagpur set to begin commercial operations by the end of Q2.

B2B E-commerce Platform Shows Promise

Birla Pivot, the company's B2B e-commerce business, maintained high single-digit sequential growth despite the monsoon impact. The platform now offers a wide range of products across 35 categories, with over 40,000 SKUs from more than 300 brands. Sandeep Komaravelly, CEO of Birla Pivot, expressed confidence in achieving the billion-dollar revenue ambition by FY27.

Cement Business Continues Strong Growth

UltraTech Cement, Grasim's subsidiary, reported a 13% year-on-year revenue growth. The company's total capacity, including domestic and overseas operations, now stands at 192.3 million tons per annum. UltraTech outpaced industry growth with a 10% year-on-year volume increase, while the cement industry is estimated to have grown by 4-5%.

Chemicals Segment Shows Resilience

The chemicals business reported a 16% year-on-year revenue growth, reaching ₹2,391.00 crores. This growth was driven by an 8% volume increase, supported by stable domestic demand. EBITDA for the chemical business grew by 36% year-on-year to ₹422.00 crores.

Financial Services and Renewable Energy

Aditya Birla Capital, the company's financial services arm, reported an 8% year-on-year revenue growth, led by strong performances in housing finance and health insurance. In the renewable energy sector, Grasim's total installed peak capacity reached 1.9 GW in Q1, doubling from 946 MW in the previous year.

Future Outlook

Grasim Industries has announced a CAPEX plan of ₹2,263.00 crores for the fiscal year, with ₹480.00 crores already spent in Q1. The company remains focused on expanding its new ventures while maintaining the strength of its core businesses.

Himanshu Kapania, Managing Director of Grasim Industries, commented on the company's performance, saying, "Grasim continues to harness the strength of its diversified business portfolio, seamlessly aligning with India's robust growth trajectory. Backed by a legacy of building large-scale, future-ready businesses, Grasim is well-positioned to cater to the rising demands of a dynamic Indian economy."

As Grasim Industries continues to diversify and strengthen its market position across multiple sectors, the company appears well-positioned to capitalize on India's economic growth story in the coming years.

Grasim Industries Limited, a flagship company of the Aditya Birla Group, has reported no variation or deviation in the utilization of funds from its recent rights issue for the quarter ended June 30, 2025. The company disclosed this information in its monitoring agency report prepared by CARE Ratings Limited.

Rights Issue Details

The company successfully raised ₹3,999.80 crore through a rights issue conducted from January 17-29, 2024. The issue, which was oversubscribed by 1.97 times, offered 2,20,73,935 equity shares at ₹1,812 per share.

Fund Allocation and Utilization

Out of the total proceeds:

• ₹3,000.00 crore was allocated for repayment of borrowings
• ₹977.65 crore was designated for general corporate purposes

As of June 30, 2025, the company has utilized ₹3,969.96 crore of the raised funds:

• ₹3,000.00 crore for debt repayment
• ₹969.96 crore for general corporate purposes, including:
  • ₹967.26 crore for commercial paper repayment
  • ₹2.70 crore for salaries

An unutilized amount of ₹0.28 crore remains in the monitoring bank account.

Impact on Shareholding

Following the rights issue, the promoter shareholding in Grasim Industries increased from 42.75% to 43.11%.

Monitoring Agency's Statement

CARE Ratings Limited, acting as the monitoring agency, confirmed that there is no variation or deviation in the utilization of funds as per the objectives mentioned in the offer document.

Company's Financial Performance

In its Q1 FY2026 results, Grasim Industries reported:

• Consolidated revenue of ₹40,118.00 crore, up 16% year-on-year
• EBITDA of ₹6,430.00 crore, a 36% increase year-on-year
• Net profit (owner's share) of ₹1,419.00 crore, up 32% year-on-year

The company's performance was driven by growth across key businesses, with the cement and chemicals segments showing particularly strong results.

Grasim Industries continues to focus on its diversified portfolio, including cellulosic fibers, chemicals, cement, and financial services, positioning itself to benefit from India's economic growth trajectory.