Latest news about Grasim Industries
Grasim Industries
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More news about Grasim Industries
18Jun 26
Grasim Industries appoints Sangeeta Tanwani as Textiles CEO
Grasim Industries has appointed Ms. Sangeeta Tanwani as CEO (Designate) of its Textiles Business effective August 1, 2026, with her full role as CEO commencing November 1, 2026. She succeeds Mr. Kapil Agrawal, who will step down as Business Head on October 31, 2026, to transition to a new role within the Aditya Birla Group. The Board approved the changes based on the Nomination and Remuneration Committee's recommendation.
18Jun 26
Grasim Industries to meet investors from June 18 to June 23
Grasim Industries has scheduled meetings with analysts and institutional investors from June 18 to June 23, 2026, to discuss its investor and corporate presentations. The meetings will be held virtually and in Mumbai with firms like Citadel Securities and Morgan Stanley. No unpublished price sensitive information will be shared during these interactions.
17Jun 26
Grasim Industries inaugurates Phase 1 of CPVC plant in Vilayat
Grasim Industries has inaugurated Phase 1 of its CPVC Resin Plant in Vilayat, Gujarat, with a planned capacity of 50,000 metric tonnes per annum. The project was developed in collaboration with Lubrizol Advanced Materials India Private Limited. The company will announce the commencement of commercial production in due course.
13Jun 26
Grasim Industries schedules analyst meet with Wellington Investment
Grasim Industries has scheduled a one-on-one meeting with Wellington Investment Management on June 15, 2026, in Mumbai. The meeting will discuss the latest Investor and Corporate presentations available on the company's website. No unpublished price sensitive information will be shared.
10Jun 26
Grasim Industries pays ₹72.75 crore interest on NCDs
Grasim Industries paid ₹72.75 crore interest on its 7.50% NCDs due on June 10, 2026, after deducting ₹2.25 crore as TDS. The payment covered the ₹1,000 crore issue with ISIN INE047A08190, with the record date set as May 26, 2026.
09Jun 26
Grasim Industries approves ₹3,094 crore capex for Lyocell expansion
Grasim Industries approved a ₹3,094 crore capital expenditure to expand Lyocell capacity by 110,000 TPA at Harihar, Karnataka, in two phases commissioning by mid-2028 and mid-2030. The investment, funded through internal accruals and debt, complements an ongoing 55,000 TPA project and targets total CSF capacity exceeding 1 million tonnes annually by 2030.
08Jun 26
Grasim Industries pays ₹61.83 crore interest on NCDs
Grasim Industries paid ₹61.83 crore interest on its 6.56% NCDs (Series I) on June 8, 2026, delayed from June 6 due to a non-business day. The payment, net of ₹3.77 crore TDS, covers an issue size of ₹1,000 crore. This is the first interest payment since the NCD allotment on June 6, 2025.
06Jun 26
Birla Group Holdings declares no encumbrance for FY26
Birla Group Holdings Private Limited, the promoter of Grasim Industries Limited, has declared that it has not created any encumbrance during the financial year ended March 31, 2026. This disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration covers the promoter, promoter group members, and persons acting in concert.
05Jun 26
Grasim Industries Sees ₹28.96 Crore Block Trade on NSE at ₹3119.30 Per Share
Grasim Industries recorded a block trade on the National Stock Exchange valued at ₹28.96 crores, involving approximately 92,833 shares executed at ₹3119.30 per share. Such large-volume transactions, typically carried out by institutional investors outside the regular order book, are closely tracked by market participants for signals of significant portfolio activity.
04Jun 26
Morgan Stanley Maintains Overweight Rating on Grasim Industries, Sets Target Price at ₹3,900
Morgan Stanley has maintained an Overweight rating on Grasim Industries with a target price of ₹3,900. The brokerage cites a capital-light scale-up model, gradual discount rationalisation, and higher dealer incentives as key positives. Strong FY27 revenue growth is expected to be driven by plant stabilisation, product ramp-up, dealer expansion, and price hikes. Inventory gains in Q1 FY27 are also anticipated as a near-term catalyst.
02Jun 26
Grasim Industries schedules investor meetings from June 3-12
Grasim Industries announced a schedule of meetings with analysts and institutional investors from June 3 to June 12, 2026. The interactions will take place in Mumbai, London, and Paris with entities including Theleme Partners, ICICI Securities, Macquarie, and NDR. The company confirmed that no unpublished price sensitive information will be shared during these sessions.
22May 26
Grasim FY26 PAT Rises 34%, Dividend of ₹10 Declared
Grasim Industries reported its highest-ever revenue of ₹1,75,431 Cr and EBITDA of ₹25,872 Cr for FY26, with net profit growing 34% to ₹4,966 Cr. Q4FY26 revenue increased 15% YoY to ₹51,101 Cr, with net profit rising 31% to ₹1,958 Cr. The Board recommended a dividend of ₹10 per share, totaling a payout of ₹681 Cr, pending shareholder approval.
21May 26
Grasim Industries Q4FY26 Concall: Birla Pivot Eyes EBITDA Breakeven, UltraTech Targets 240+ MTPA
Grasim Industries' Q4FY26 earnings call on 20th May 2026 covered guidance across key businesses: Birla Opus targets INR10,000 crore profitable revenue in its third full-scale year with high double-digit FY27 growth; Birla Pivot aims for EBITDA breakeven exiting FY27 or sooner; UltraTech Cement is on track for 240+ MTPA capacity by March 2028; and Grasim's capital strategy focuses on reinvesting revenues and EBITDA into growth businesses while maintaining 50%+ stakes in UltraTech and Aditya Birla Capital.
21May 26
Morgan Stanley Maintains Overweight on Grasim Industries, Raises Target Price to ₹3,900; Names It Analyst Top Pick
Morgan Stanley has maintained an Overweight rating on Grasim Industries, raising its target price to ₹3,900 from ₹3,865 and naming it an Analyst Top Pick. The upgrade in target is supported by an EBITDA beat driven by chemicals and cellulose segments, strong paints business growth, and market share gains. A double-digit FY27 paints industry outlook and Birla Pivot momentum further strengthen the positive thesis. Multiple rerating triggers, including paints value unlocking and scaling of new-age businesses, add to the constructive long-term outlook.
21May 26
Grasim invests Rs 30.60 crore for 26% renewable SPV stake
Grasim Industries Limited has approved the acquisition of a 26% equity stake in Ampin C&I Power Thirty Private Limited for an investment of up to Rs. 30.60 crore. The SPV is developing a captive wind-solar hybrid power generation facility in Harihara, Karnataka, with capacities of 37.95 MWp DC solar and 27 MW AC wind. The transaction, approved on May 20, 2026, is a cash consideration and is not a related party transaction.
21May 26
Grasim invests ₹2,880 crore in Aditya Birla Capital
Grasim Industries approved an investment of up to ₹2,880 crore in Aditya Birla Capital's preferential issue, increasing its stake to 53.08%. The total issuance of ₹4,000 crore includes participation from Suryaja Investment and IFC. Proceeds will fund growth, with ABCL's lending portfolio reaching over ₹2 lakh crore.
15May 26
Grasim Industries Completes Full Repayment of ₹250 Crore Commercial Papers on Maturity
Grasim Industries completed the full repayment of its Commercial Papers on 15th May 2026, redeeming 5,000 units worth ₹250 crore on the scheduled maturity date. The actual repayment date coincided with the due date, and the outstanding amount now stands at nil. The disclosure was made to BSE Limited by Company Secretary Neelabja Chakrabarty in compliance with applicable SEBI regulations.
14May 26
Grasim Industries Records ₹17.97 Crore Block Trade on NSE at ₹2957.00 Per Share
A block trade worth ₹17.97 crores was executed on the NSE for Grasim Industries, covering approximately 60,773 shares at ₹2957.00 per share. The transaction highlights significant institutional participation in the stock. Block trades of this magnitude are typically conducted outside the regular order book to limit market disruption.
13May 26
Jefferies Maintains Buy on Grasim Industries with Target Price of ₹3440 on Strong Dividend Inflow from UltraTech Cement
Jefferies has maintained a Buy rating on Grasim Industries with a target price of ₹3440, citing a sharp rise in dividend inflow of ₹39.7bn from UltraTech Cement's payout. The brokerage highlights that this strengthens Grasim's capital allocation flexibility for growth investments, deleveraging, and shareholder returns. Jefferies further notes that prudent deployment of these funds could help narrow the holding company discount, potentially unlocking greater shareholder value.
09May 26
Grasim Industries Q4FY26 Monitoring Agency Report: No Deviation in Rights Issue Fund Utilisation
Grasim Industries submitted its Q4FY26 Monitoring Agency Report confirming no variation or deviation in Rights Issue fund utilisation. CARE Ratings verified that ₹3,971.11 crore of the ₹3,999.80 crore raised has been deployed, with borrowing repayments completed ahead of schedule and GCP utilisation ongoing. The Axis Bank monitoring account holds ₹0.32 crore, with ₹4.61 crore still pending collection from investors.
08May 26
Grasim Industries Completes Full Repayment of ₹500 Crore Commercial Papers on Maturity
Grasim Industries completed the full repayment of its Commercial Papers on 8th May 2026, redeeming 10,000 CPs worth ₹500 crore on their maturity date. The repayment was made in compliance with SEBI guidelines and a prior corporate announcement dated 22nd April 2026. The actual repayment date matched the due date exactly, and the outstanding amount under this issuance now stands at nil. The disclosure was made by Company Secretary and Compliance Officer Neelabja Chakrabarty.
07May 26
Grasim Industries Schedules Board Meeting and Q4FY26 Earnings Call on May 20, 2026
Grasim Industries has scheduled its Board of Directors meeting and Q4 FY2025-26 earnings conference call for May 20, 2026, to consider and approve standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, along with a dividend recommendation. The earnings call at 4:00 PM IST will feature a business update and Q&A session by senior management, with dial-in access available across India, Hong Kong, Singapore, UK, and USA. The Trading Window for securities dealing remains closed until May 22, 2026.
06May 26
NCLAT Sets Aside ₹301.61 Crore CCI Penalty and Behavioural Directions on Grasim Industries
On 5th May 2026, NCLAT set aside the CCI's ₹301.61 crore penalty and behavioural directions imposed on Grasim Industries under the Competition Act, 2002, related to its Viscose Staple Fibre business. The matter has been remanded to the CCI for fresh hearing. As no provision was created in the company's books, there is no immediate impact on its financial statements.
05May 26
Grasim Industries Grants 28,001 Stock Options and Performance Stock Units Under ESOP Scheme 2022
Grasim Industries Limited granted 28,001 Stock Options/Units — comprising 18,722 Stock Options and 9,279 Performance Stock Units — to eligible employees under its ESOP Scheme 2022, approved via a circular resolution on May 4, 2026. Stock Options are priced at Rs. 2,794.50/- per option based on the market price of April 30, 2026, while PSUs carry an exercise price of Rs. 2/- per unit. Vesting for Stock Options is staggered at 33% each over 3 years, while PSUs vest 100% at the end of 3 years. All grants are subject to performance conditions as outlined in the scheme documents.
23Apr 26
Grasim Industries Announces Special Window for Re-Lodgement of Physical Securities Transfer
Grasim Industries Limited published newspaper advertisements on 22nd April 2026 informing shareholders about SEBI's special window for re-lodgement of physical share transfer requests. The window operates from 5th February 2026 to 4th February 2027, allowing re-submission of transfer requests originally filed before 1st April 2019 but returned due to documentation issues. All processed shares will be issued in demat form with a one-year lock-in period, and the company encourages shareholders to convert physical holdings to electronic form.
14Apr 26
Grasim Industries Dematerialises 60,611 Shares in Q4FY26, Total Demat Holdings Reach 99.54%
Grasim Industries dematerialised 60,611 equity shares during Q4FY26, with NSDL processing 41,946 shares and CDSL handling 18,665 shares. No rematerialisation occurred during the period. The company's total dematerialised shares reached 67,74,34,039 as of March 31, 2026, representing 99.54% of total equity shares, reflecting strong investor preference for electronic holdings.
10Apr 26
Grasim Industries Receives CareEdge-ESG 1+ Rating with Score of 85.4
Grasim Industries Limited has been awarded a CareEdge-ESG 1+ rating with a score of 85.4 by Care ESG Ratings Limited, a SEBI-registered Category I ESG Rating Provider. The rating, communicated on April 9th, 2026, signifies the company's leadership position in managing ESG risk through best-in-class disclosures, policies and performance. The disclosure was made in compliance with SEBI regulations and has been shared with stock exchanges and uploaded on the company's website for stakeholder transparency.
07Apr 26
Grasim Industries Receives ESG Score of 59 from Independent Rating Agency
Grasim Industries Limited disclosed that ESG Risk Assessments & Insights Limited assigned it an ESG Score of 59 rated as 'Adequate' on April 6, 2026. The company clarified that this was an independent, unsolicited rating and that it does not endorse the assessment. The disclosure was made in compliance with SEBI Regulation 30 and related master circular guidelines for ESG rating disclosures.
07Apr 26
Grasim Industries Reports Non-Convertible Debentures Worth ₹7,250 Crores to Stock Exchanges
Grasim Industries Limited filed specifications for six Non-Convertible Debenture series worth ₹7,250 crores with stock exchanges for October 2025 to March 2026 period. The debentures carry coupon rates between 6.56% and 7.63% with maturities ranging from 2027 to 2034, demonstrating the company's diversified debt portfolio structure.
06Apr 26
Grasim Industries Completes ₹68.85 Crore Interest Payment on Non Convertible Debentures
Grasim Industries Limited successfully completed annual interest payment of ₹68.85 crore net of TDS to holders of 6.99% Non Convertible Debentures on April 6, 2026. The payment covers debentures worth ₹1,000 crore with ISIN INE047A08182, with TDS of ₹1.05 crore deducted as per tax regulations. The payment was made one day after the original due date due to Sunday falling on April 5, 2026.
31Mar 26
Grasim Industries Announces Senior Management Change as Jayant Dua Transitions to UltraTech Cement
Grasim Industries Limited has announced that Mr. Jayant Dua will cease to be Business Head – Renewables and Textiles Business and Senior Management Personnel effective 31st March 2026. He has been appointed as Managing Director (Designate) at UltraTech Cement Limited starting 1st April 2026. The company has expressed appreciation for his services during his tenure.
28Mar 26
Grasim Industries Shareholders Approve Re-appointment of Independent Directors Through Postal Ballot
Grasim Industries successfully completed its postal ballot process with shareholders approving the re-appointment of Mr. V. Chandrasekaran and Mr. Adesh Kumar Gupta as Independent Directors for second five-year terms. The voting process showed strong participation with 79.91% of total voting rights exercised, and both resolutions received overwhelming majority support with approval rates of 90.78% and 93.55% respectively.
23Mar 26
Morgan Stanley Assigns Overweight Rating to Grasim Industries with Target Price of Rs 3865
Morgan Stanley has assigned an overweight rating to Grasim Industries with a target price of Rs 3865, driven by strong growth visibility across multiple segments. Key growth drivers include the paints business targeting Rs 100bn revenue by 2028, development of an asset-light B2B e-commerce platform, Lyocell capacity expansion in value-added cellulose, and strategic shift toward specialty chemicals for long-term value creation.
18Mar 26
Grasim Industries Completes ₹500 Crore Commercial Paper Repayment on Maturity
Grasim Industries Limited completed full repayment of commercial papers worth ₹500 crore on March 18, 2026, redeeming all 10,000 commercial papers under ISIN INE047A14AS8. The timely settlement on the maturity date left zero outstanding amount, demonstrating strong financial discipline and commitment to debt obligations.
13Mar 26
Grasim Industries schedules analyst and institutional investor meetings for March 16-20, 2026
Grasim Industries Limited has scheduled analyst and institutional investor meetings from March 16-20, 2026, including interactions with Takshil Financial Services, Ellerston Capital, Millennium Management, and Morgan Stanley-organized buy-side meetings. The meetings will be conducted in both physical (Mumbai) and virtual formats, with the company ensuring no unpublished price-sensitive information will be shared and making investor presentations available on its website.
12Mar 26
Grasim Industries Completes ₹250 Crore Commercial Paper Repayment on Maturity
Grasim Industries Limited completed full repayment of ₹250 crore commercial papers on March 12, 2026, covering 5,000 papers with ISIN INE047A14AR0. The payment was made on the exact maturity date with no outstanding amount remaining, following SEBI guidelines and prior corporate announcements.
11Mar 26
Grasim Industries Completes ₹500 Crore Commercial Paper Repayment on Maturity
Grasim Industries Limited completed full repayment of Commercial Papers worth ₹500 crore on March 11, 2026, upon maturity. The company redeemed all 10,000 Commercial Papers under ISIN INE047A14AQ2, reducing the outstanding amount to nil. The timely repayment demonstrates strong financial discipline and commitment to debt obligations, with proper regulatory compliance and stakeholder communication maintained throughout the process.
06Mar 26
Grasim Industries Announces Record Dates for Non-Convertible Debenture Interest Payments
Grasim Industries Limited has announced record dates for interest payments on five series of Unsecured Non-Convertible Debentures, with payments scheduled between April and December 2026. The company has made adjustments for non-business days, moving two payment dates from Saturdays to subsequent working days in compliance with Business Day Convention clauses.
05Mar 26
Grasim Industries Completes ₹500 Crore Commercial Paper Repayment on Maturity
Grasim Industries Limited completed full repayment of commercial papers worth ₹500 crore on March 5, 2026, settling 10,000 commercial papers with ISIN INE047A14AP4 on their scheduled maturity date. The company has no outstanding amount remaining after this timely settlement, demonstrating adherence to regulatory requirements and commitment to debt obligations.
25Feb 26
Grasim Industries Limited Issues Postal Ballot Notice for Re-appointment of Independent Directors
Grasim Industries Limited has issued a postal ballot notice for re-appointment of Independent Directors Mr. V. Chandrasekaran and Mr. Adesh Kumar Gupta for second five-year terms from May 2026 to May 2031. The remote e-voting process runs from 26th February to 27th March 2026, with results expected by 31st March 2026.
11Feb 26
Grasim Industries Q3FY26 Results: Revenue Surges 25% YoY, Earnings Call Audio Available
Grasim Industries delivered exceptional Q3FY26 performance with consolidated revenue of ₹44,312 Cr. (+25% YoY) and adjusted PAT of ₹1,168 Cr. (+42% YoY). The Building Materials segment led growth with 30% revenue increase, while Cellulosic Fibres and Chemicals segments showed steady performance. Following the results announcement, the company conducted an earnings call on February 11, 2026, and made the audio recording publicly available for investor transparency.
11Feb 26
Grasim Industries Reports No Deviation in Rights Issue Fund Utilization for Q3FY26
Grasim Industries Limited submitted its Q3FY26 monitoring agency report confirming no deviation in the utilization of its ₹3,999.80 crore rights issue proceeds. The company utilized ₹0.65 crore during the quarter for general corporate purposes, maintaining ₹0.21 crore in unutilized funds. CARE Ratings Limited certified full regulatory compliance with SEBI requirements.
10Feb 26
Grasim Industries Grants 2,676 Stock Options to Eligible Employees Under ESOP Scheme 2022
Grasim Industries Limited granted 2,676 stock options to eligible employees under its 2022 ESOP scheme, comprising 1,720 ESOPs priced at Rs. 2,926.30 each and 956 PSUs at Rs. 2 each. The Nomination and Remuneration Committee approved the grant on February 10, 2026, with ESOPs vesting 33% annually over three years and PSUs vesting 100% after three years, subject to performance conditions.
10Feb 26
Grasim Industries Board Approves Re-appointment of Two Independent Directors for Second Term
Grasim Industries Limited's Board of Directors approved the re-appointment of Mr. V. Chandrasekaran and Mr. Adesh Kumar Gupta as Independent Directors for second five-year terms from May 24, 2026 to May 23, 2031, subject to shareholder approval. The decision was made during a board meeting on February 10, 2026, based on the Nomination and Remuneration Committee's recommendations. Both directors bring extensive experience, with Chandrasekaran having over three decades in investment management and Gupta contributing more than four decades in finance and general management.
30Jan 26
Grasim Industries Board Meeting Scheduled for February 10, 2026 to Review Q3FY26 Financial Results
Grasim Industries Limited has scheduled its Board of Directors meeting for February 10, 2026, to consider and approve unaudited financial results for Q3FY26, covering the quarter and nine months ended December 31, 2025. The company has implemented a trading window closure from January 1, 2026, to February 12, 2026, for all designated persons in compliance with insider trading regulations. The announcement was made through a regulatory filing dated January 30, 2026, demonstrating the company's adherence to SEBI listing obligations and transparent stakeholder communication.
28Jan 26
Grasim Industries Issues Letter of Awareness for Canadian Joint Venture AV Group NB Inc.
Grasim Industries Limited issued a letter of awareness on January 28, 2026, to JP Morgan Chase Bank, N.A., Canada, for joint venture company AV Group NB Inc., which has availed CAD 27 million credit facilities. The company holds 45% stake in the dissolving grade wood pulp manufacturing joint venture, with promoter group companies holding the remaining 55%. The letter expresses intention to support capital and liquidity maintenance without any financial commitment or guarantee obligations, and is expected to have no impact on Grasim's operations.
20Jan 26
Grasim Industries CEO of Cellulosic Fashion Yarn Business Satyaki Ghosh to Resign in January 2026
Grasim Industries Limited has announced the resignation of Mr. Satyaki Ghosh, CEO of its Cellulosic Fashion Yarn Business, effective January 16, 2026. This leadership change affects one of the company's key textile business segments. The resignation provides the company with time to plan succession and ensure operational continuity in this important division.
16Jan 26
Grasim names ex-ITC executive Sachin Sahay as Birla Opus Paints CEO, effective Feb 16
Grasim Industries has appointed Sachin Sahay, former Executive Vice President at ITC, as CEO of Birla Opus Paints effective February 16, 2026. The appointment comes after former CEO Rakshit Hargave resigned in November 2025, with Sahay bringing over 30 years of sales and marketing experience from ITC's FMCG transformation journey to lead the paints division's expansion.
16Jan 26
Grasim Industries Appoints Sachin Sahay as CEO of Birla Opus Paints
Grasim Industries has appointed Sachin Sahay as CEO of Birla Opus Paints, bringing his experience as Executive Vice President from ITC. This strategic leadership appointment aims to strengthen the paints division with experienced industry management. The move reflects Grasim's commitment to building strong leadership teams across its business segments.
14Jan 26
Grasim Industries Files Q3FY26 Dematerialisation Certificate with Stock Exchanges
Grasim Industries Limited filed its Q3FY26 dematerialisation certificate with stock exchanges, reporting 47,755 shares dematerialised during the quarter ended December 31, 2025. The company confirmed 99.53% of total equity shares are now in electronic form, totaling 67,73,73,428 dematerialised shares. No shares were rematerialised during the quarter, with NSDL processing 31,581 shares and CDSL handling 16,174 shares for dematerialisation.
13Jan 26
Motilal Oswal Sets ₹3,600 Target for Grasim Industries with BUY Rating
Motilal Oswal has issued a BUY recommendation for Grasim Industries with a target price of ₹3,600, expressing confidence in the Aditya Birla Group flagship company. The brokerage firm cites multiple growth engines currently in play as the basis for its positive outlook on this BSE 100 stock.
13Jan 26
Motilal Oswal Sets ₹3,600 Target for Grasim Industries with BUY Rating
Motilal Oswal maintains BUY rating on Grasim Industries with ₹3,600 target price based on SoTP valuation. The recommendation is supported by VSF margin recovery expected in 2HFY26 with >90% utilization levels, stable chemicals business leadership in chlor-alkali and epoxy resins with ~70% chlorine integration target, and long-term growth potential in decorative paints through Birla Opus brand expansion in the under-penetrated Indian market.
13Jan 26
Motilal Oswal Maintains Buy Rating on Grasim Industries with ₹3600 Target Price
Motilal Oswal Securities has maintained its buy recommendation on Grasim Industries with a target price of ₹3600.00. The unchanged rating reflects the brokerage's continued positive outlook on the diversified conglomerate's prospects.
12Jan 26
Grasim Industries Records ₹16.40 Crore NSE Block Trade at ₹2,748 Per Share
Grasim Industries Ltd. executed a major NSE block trade worth ₹16.40 crores involving 59,693 shares at ₹2,748.00 per share. The transaction indicates significant institutional investor activity and demonstrates the liquidity in the company's stock, with such block trades typically representing strategic portfolio movements by large investors.
31Dec 25
Grasim Industries Announces Superannuation of Chief Technology Officer Dr. Aspi Patel
Grasim Industries has announced the superannuation of Dr. Aspi Patel, Chief Technology Officer and Senior Management Personnel, effective December 31, 2025. The announcement was made through regulatory filing under SEBI regulations, with Dr. Patel ceasing duties at close of business hours on the specified date. The company has expressed appreciation for his services during his tenure.
29Dec 25
Grasim Industries Approves Composite Scheme for Renewable Energy Consolidation
Grasim Industries has received board approval for a comprehensive composite scheme to consolidate its renewable energy operations under Aditya Birla Renewables Limited. The arrangement involves transfer of EMIL's renewable energy undertaking and amalgamation of multiple subsidiaries, aimed at creating operational synergies and improved efficiency. The scheme requires various regulatory approvals and involves significant financial considerations with equity share issuances.
24Dec 25
Grasim Industries Faces ₹64.39 Lakh Stamp Duty Demand from Madhya Pradesh Revenue Court
Grasim Industries has received a stamp duty demand of ₹64.39 lakh from the Madhya Pradesh Revenue Court. The demand relates to a Business Transfer Agreement from 2002, involving the transfer of factory structures and a residential colony. The court alleges short payment of stamp duty due to undervaluation of factory structures and non-inclusion of tree values. Grasim states there is no material impact on its financials or operations.
19Dec 25
Grasim Industries Announces Senior Management Changes in Cellulosic Fashion Yarn Business
Grasim Industries has announced key changes in its senior management team for the Cellulosic Fashion Yarn Business division. Mr. Satyaki Ghosh, current CEO of the division, will resign effective January 16, 2026. Mr. Ajit Rajagopalan will take over as CEO of Cellulosic Fashion Yarn Business on January 17, 2026, in addition to his current role as CEO of the Insulators Business. Rajagopalan, who joined the Aditya Birla Group in 2007, brings extensive experience from various roles within the group, including positions at Birla Carbon.
15Dec 25
Grasim Industries Executes ₹27.27 Crore NSE Block Trade at ₹2,832.20 Per Share
Grasim Industries Ltd. conducted a significant block trade on the National Stock Exchange (NSE). The transaction involved 96,272 shares at ₹2,832.20 per share, totaling ₹27.27 crores. This large-volume trade, typically associated with institutional investors, indicates active institutional interest in Grasim Industries' stock and may provide insights into market valuation of the company's shares.
10Dec 25
Grasim Industries Receives ESG Rating of 64 for FY2025 from NSE Sustainability
Grasim Industries received an ESG rating of 64 for FY2025 from NSE Sustainability Ratings and Analytics Limited, a SEBI registered Category I ESG Rating Provider. The rating was assigned independently without company engagement, based on publicly available information and NSE Sustainability's own methodology. The company disclosed this development on December 10, 2025, in compliance with SEBI listing regulations, and has made the rating information available on its corporate website for stakeholder access.
10Dec 25
Grasim Industries: GIP Invests ₹3,000 Crores ($335M) in Aditya Birla Renewables
Grasim Industries secured a major investment from Global Infrastructure Partners (BlackRock) of up to ₹3,000 crores ($335 million) in its renewable energy subsidiary ABREN. The deal includes ₹2,000 crores committed investment plus ₹1,000 crores greenshoe option from GIP, and ₹500 crores from Essel Mining & Industries, valuing ABREN at ₹14,600 crores enterprise value.
26Nov 25
Grasim Industries Invests Rs 3.60 Crore for 29% Stake in GMR Kalinga Solar Power
Grasim Industries Limited has acquired a 29% equity stake in GMR Kalinga Solar Power Limited for Rs 3.60 crore. This strategic investment aims to secure renewable energy for Grasim's Ganjam Plant in Odisha, with an approximate power generation capacity of 10MW. The move aligns with Grasim's sustainability goals, helps optimize energy costs, and ensures compliance with regulatory requirements for captive power consumption.
13Nov 25
Grasim Industries Expands Paint Production with New Resin Block in Kharagpur
Grasim Industries has commenced commercial production at its new Resin Block in the Birla Opus Paints plant in Kharagpur, West Bengal. The new block, operational from November 12, 2025, adds 24 Million Litres Per Annum (MLPA) to the company's paint production capacity. This expansion brings the total Resin Block capacity to 92 MLPA, complementing the existing 376 MLPA Emulsion Block capacity. The production is intended for the domestic market. Additionally, Grasim will participate in the 28th Citic CLSA India Forum in Mumbai on November 18, 2025.
11Nov 25
Grasim Industries Reports 26% Standalone Revenue Growth in Q2FY26, BirlaOpus Expands Market Presence
Grasim Industries posted a 26% YoY increase in standalone revenue to INR 9,610.00 crores in Q2 FY26. BirlaOpus, its paints business, expanded capacity to 1,332 million liters annually and achieved double-digit market share. The company announced CEO Rakshit Hargave's resignation from BirlaOpus, effective December 6, 2025. Across segments, UltraTech Cement's EBITDA grew 32% YoY, while the Cellulosic Fibers segment faced challenges. The company's net debt reduced by INR 292.00 crores to INR 6,861.00 crores.
08Nov 25
Grasim Industries Expands Green Energy Portfolio with Strategic Acquisitions
Grasim Industries has acquired 26% equity stakes in two Special Purpose Vehicles (SPVs): Pro-Zeal Green Power Eighteen Private Limited and Pro-Zeal Green Power Nineteen Private Limited. These acquisitions aim to serve as captive renewable energy sources for Grasim's plants in Gujarat and Andhra Pradesh. The transactions, expected to complete within 30 days, involve cash consideration and are not related party transactions. Pro-Zeal Green Power Nineteen Private Limited will develop a 21MW captive wind-solar hybrid power generation facility, with Grasim investing up to Rs. 20.50 crore. These strategic moves align with Grasim's goals to meet green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption.
06Nov 25
Citi Raises Grasim Industries Target Price Despite Birla Opus CEO Exit
Citi has increased its target price for Grasim Industries from Rs 3,400 to Rs 3,450, maintaining a 'buy' rating, despite the unexpected departure of Rakshit Hargave, CEO of the company's paints division, Birla Opus. Hargave is joining Britannia as Executive Director and CEO. Despite concerns about the paints division's direction, analysts remain optimistic about Grasim's overall prospects due to strong quarterly earnings and Birla Opus's market share gains. The company reported a 17% YoY increase in consolidated revenue to Rs 39,900.00 crore and a 76% YoY increase in PAT to Rs 553.00 crore for Q2FY26. The Building Materials segment, including the paints business, showed strong growth with a 28% YoY revenue increase.
06Nov 25
Grasim Industries Posts 76% Surge in Q2 Net Profit, Revenue Climbs 16.6%
Grasim Industries posted strong Q2 FY2024 results with net profit rising 76% to ₹553.48 crore and revenue increasing 16.6% to ₹39,899.58 crore year-on-year. Consolidated EBITDA grew 29% to ₹5,217 crore. The company's capital expenditure was ₹461 crore, with total paints business capex reaching ₹9,727 crore. Nuvama maintained a 'Hold' rating with a ₹3,198 target price, noting Birla Opus paint brand's outperformance but trimming EBITDA forecast by 3%.
06Nov 25
Grasim Industries Grants Stock Options, Reports No Deviation in Rights Issue Fund Utilization, and Expands Renewable Energy Portfolio
Grasim Industries Limited has reported no deviation in its rights issue fund utilization, with ₹967.26 crore used for commercial paper repayment. The company is expanding its renewable energy portfolio by acquiring 26% stakes in three SPVs for wind-solar hybrid projects. Additionally, the company has approved a grant of 2,668 stock options to employees, including 2,407 options at ₹2,882 per option and 261 PSUs at ₹2 per unit. In a separate development, Rakshit Hargave, CEO of Birla Opus Paints, has resigned.
05Nov 25
Grasim Industries Reports Mixed Q2 Results as Birla Opus Paints Expands Capacity
Grasim Industries reported a 17% YoY increase in consolidated revenue to ₹39,900.00 crore for Q2, with EBITDA up 29% YoY to ₹5,217.00 crore. Net profit attributable to owners rose 76% YoY to ₹553.00 crore. The Building Materials and Chemicals segments showed strong growth, while Cellulosic Fibres faced challenges. Birla Opus, the company's paints business, achieved a total installed capacity of 1,332 MLPA, becoming the second-largest player in the Indian Decorative Paints market. CEO of Birla Opus Paints, Mr. Rakshit Hargave, will be leaving the company on December 5.
05Nov 25
Grasim Industries Reports Rs 804.55 Crore Net Profit in Q2, All Paint Plants Now Operational
Grasim Industries posted a net profit of Rs 804.55 crore for Q2, reversing a loss from the previous quarter. Revenue increased to Rs 10,394.92 crore. The company's paint plant in Kharagpur started commercial production on October 15, bringing all six green-field plants into operation with a total decorative paints capacity of 1,332 Million Litres Per Annum under the Birla Opus brand. The Board approved the unaudited financial results on November 5.
05Nov 25
Grasim Industries to Acquire 26% Stake in Three Renewable Energy SPVs for ₹69 Crore
Grasim Industries Limited plans to acquire 26% equity stakes in three Special Purpose Vehicles (SPVs) for renewable energy projects, investing a total of ₹69.00 crore. The SPVs will power the company's plants in Gujarat, Andhra Pradesh, and Odisha. The largest investment of ₹45.00 crore is for the Vilayat, Gujarat project with Prozeal Green Energy Limited. The acquisitions aim to meet green energy needs, optimize costs, and comply with regulatory requirements. Completion is expected within 30 days of agreement execution.
15Oct 25
Grasim Industries Achieves Full Operational Status for All Six Birla Opus Paints Plants
Grasim Industries has commenced commercial production at its Birla Opus paints manufacturing plant in Kharagpur, West Bengal on October 15, 2025. This marks the full operational status of all six new plants under the Birla Opus brand. The Kharagpur facility increases Grasim's total installed capacity for decorative paints to 1,332 Million Litres Per Annum (MLPA). The plant will produce water-based paint, distemper, solvent-based paint, and colorants, catering to the domestic market.
14Oct 25
Grasim Industries Faces Rs 15 Lakh Bank Guarantee Forfeiture by Maharashtra Pollution Control Board
Grasim Industries' Premium Fabric Unit in Kolhapur has had a Rs 15 lakh bank guarantee forfeited by the Maharashtra Pollution Control Board (MPCB) due to water and air pollution control concerns. The MPCB cited issues with the operation of the effluent treatment plant and discharge of colored effluent. Grasim is required to provide an additional Rs 30 lakh top-up bank guarantee. The company states there is no material impact on its financials or operations.
26Aug 25
Grasim Industries Nears Rs 2 Lakh Crore Market Cap, Expands into Paints and B2B E-commerce
Grasim Industries approaches Rs 2 lakh crore market cap with Rs 1,95,000 crore current value. The company reported record Rs 1,50,000 crore consolidated revenue. Invested Rs 67,000 crore between FY20-FY25, with Rs 51,000 crore for growth. Launched Birla Opus in paints, becoming third-largest player in six months. Birla Pivot, B2B e-commerce platform, targets Rs 8,500 crore annualized revenue by FY27. Core businesses show strong performance. Adopted enterprise-wide sustainability framework. Approved Rs 10 per share dividend.
14Aug 25
Grasim Industries Reports 16% Revenue Growth in Q1, Driven by Paints and B2B E-commerce Expansion
Grasim Industries achieved 16% year-on-year growth in consolidated revenue, reaching ₹40,118.00 crores in Q1. Standalone revenue hit a record ₹9,223.00 crores, up 34% year-on-year. Consolidated EBITDA increased 36% to ₹6,430.00 crores. The paints division, Birla Opus, reported double-digit quarter-on-quarter growth, while the B2B e-commerce platform, Birla Pivot, maintained high single-digit sequential growth. UltraTech Cement saw 13% revenue growth, and the chemicals segment grew 16% year-on-year. Aditya Birla Capital reported 8% revenue growth, and the renewable energy capacity doubled to 1.9 GW.
08Aug 25
Grasim Industries Reports No Deviation in Rights Issue Fund Utilization for Q1 FY2026
Grasim Industries Limited has reported no variation in the utilization of funds from its recent rights issue for the quarter ended June 30, 2025. The company raised ₹3,999.80 crore through a rights issue in January 2024, allocating ₹3,000.00 crore for debt repayment and ₹977.65 crore for general corporate purposes. As of June 30, 2025, ₹3,969.96 crore has been utilized, with ₹0.28 crore remaining unused. The rights issue increased promoter shareholding from 42.75% to 43.11%. In Q1 FY2026, Grasim reported a 16% increase in consolidated revenue to ₹40,118.00 crore and a 32% rise in net profit to ₹1,419.00 crore.
08Aug 25
Grasim Industries Reports Strong Q1FY26 Results, Appoints New Company Secretary
Grasim Industries posted robust Q1FY26 results with consolidated revenue up 16% YoY to ₹40,118.00 crores. EBITDA surged 36% to ₹6,430.00 crores, while PAT grew 32% to ₹1,419.00 crores. The Chemicals segment saw 16% revenue growth, Building Materials revenue increased 22%, and Financial Services grew 8%. The company appointed Neelabja Chakrabarty as new Company Secretary and Compliance Officer. Grasim's decorative paints business, Birla Opus, reported double-digit QoQ growth, with plans to launch a new plant in Kharagpur.
08Aug 25
Grasim Industries Reports 32% Jump in Net Profit to Rs 1,419 Crore
Grasim Industries posted strong Q3 results with consolidated net profit rising 32% to ₹1,418.68 crore and revenue increasing 16% to ₹40,118.08 crore. EBITDA grew 36% to ₹6,430.00 crore, driven by improved profitability in Cement and Chemicals segments. The Chemicals segment saw 36% EBITDA growth, while Cement volumes grew 9.7% year-on-year. The financial services segment's lending portfolio expanded 30%. The board approved a ₹2,263.00 crore capex for the full financial year.
07Aug 25
Grasim Industries Anticipates Wider Net Loss Despite Robust Revenue Growth
Grasim Industries is projected to report a significant increase in net loss for the latest quarter, ranging from Rs 178.00 crore to Rs 309.00 crore, compared to Rs 52.00 crore loss in the same period last year. Revenue is expected to grow by over 30% year-on-year, reaching between Rs 8,965.00 crore and Rs 9,195.00 crore. EBITDA is anticipated to decline by 17-25% year-on-year, with margins around 2.7-2.8%. The widening losses are primarily due to pressure in the viscose fibre business, ongoing losses in the paints division, and expansion costs in B2B e-commerce ventures. The chemicals segment shows marginal improvement, while the building materials segment is estimated to contribute about Rs 2,200.00 crore in revenue.
28Jul 25
Grasim Industries Faces ₹8.66 Crore Demand Over Alleged Stamp Duty Underpayment
Grasim Industries has received an order from the District Magistrate of Sonebhadra, Uttar Pradesh, demanding ₹8.66 crore for alleged underpayment of stamp duty on a 2011 acquisition of a Chlor-alkali chemical plant. The demand includes ₹8.26 crore in differential stamp duty, 18% annual interest, and a ₹0.40 crore penalty. The company is evaluating the order and considering challenging it. Separately, Grasim's Board will meet on August 8 to approve Q1 financial results, with the trading window closed from July 1 to August 10.
28Jul 25
Grasim Industries Faces ₹8.66 Crore Demand Over Alleged Stamp Duty Underpayment
Grasim Industries has received an order from the District Magistrate of Sonebhadra, Uttar Pradesh, claiming underpayment of stamp duty on a 2011 acquisition of a Chlor-alkali chemical plant. The order demands ₹8.26 crore in differential stamp duty, ₹0.40 crore in penalties, plus 18% annual interest since 2011. Grasim is evaluating the order and considering challenging it. The company's Board will meet on August 8 to approve Q2 2025 financial results.
14Jul 25
Grasim Industries Sees Significant Block Trade on NSE
A significant block trade of 248,531 Grasim Industries shares occurred on the National Stock Exchange at Rs. 2,782.90 per share, totaling Rs. 69.16 crores. The trade, likely executed by institutional investors, suggests potential market interest in the diversified manufacturing company. While the identities of the traders remain undisclosed, such large transactions often indicate shifts in major shareholdings or market sentiment.
14Jul 25
Grasim Industries Sees Significant Block Trade on NSE
A significant block trade of 253,785 shares of Grasim Industries Ltd. was executed on the National Stock Exchange at ₹2,784.60 per share, totaling ₹70.67 crore. The transaction, likely involving institutional investors, has drawn market attention due to its size and potential implications for investor interest in the diversified conglomerate.
14Jul 25
Grasim Industries Sees Significant Block Trade: 3.05 Lakh Shares Change Hands
A significant block trade of 3,05,139 shares of Grasim Industries Ltd. occurred on the National Stock Exchange. The shares were traded at ₹2,799.00 each, totaling ₹85.41 crore. This large transaction could indicate institutional activity or potential changes in substantial shareholdings, though the identities of the parties involved remain undisclosed.
14Jul 25
Grasim Industries Sees Block Trade of 301,490 Shares Worth ₹84.26 Crore
A significant block trade of approximately 301,490 shares of Grasim Industries Ltd. occurred on the National Stock Exchange (NSE) at ₹2,794.90 per share. The transaction was valued at about ₹84.26 crore, demonstrating continued interest in the company's shares among large investors. Grasim Industries, a flagship company of the Aditya Birla Group, is a diversified player with strong presence in Viscose Staple Fibre, Cement, and Chemicals sectors.
14Jul 25
Grasim Industries Sees Significant Block Trade on NSE
A significant block trade of 253,145 Grasim Industries Ltd. shares occurred on the National Stock Exchange. The transaction was executed at ₹2,794.40 per share, totaling ₹70.74 crores. This large-scale trade has drawn attention from market observers, though the reasons behind it remain undisclosed. Grasim Industries, a flagship company of the Aditya Birla Group, operates in sectors including viscose staple fiber, chemicals, and cement.
25Jun 25
Grasim Industries Begins Commercial Production at New Resin Facility in Maharashtra
Grasim Industries has started commercial production at a new resin manufacturing facility in Mahad, Maharashtra. The facility, part of the Birla Opus Paints plant, has a capacity of 22 MLPA and began operations on June 24, 2025. This in-house production will support paint manufacturing needs and marks an expansion in the company's chemical business segment. The move is expected to strengthen Grasim's position in the resin market, catering to industries such as adhesives, paints, composites, electronics, and construction materials.
03Jun 25
Grasim Industries Sees Block Trade of 127,117 Shares Worth ₹32.18 Crore
A significant block trade of Grasim Industries Ltd. shares occurred on the National Stock Exchange (NSE). The transaction involved 127,117 shares at ₹2,531.80 per share, totaling ₹32.18 crore. This large-scale trade indicates continued interest in Grasim Industries' stock among institutional investors or large stakeholders. While the specific parties involved remain undisclosed, such trades typically occur between institutional investors or major shareholders.
03Jun 25
Grasim Industries Q4: Loss Narrows, Revenue Surges 32%
Grasim Industries has reported significant improvements in its Q4 financial performance. Revenue increased by 32% year-on-year to Rs 8,925.80 crore. Net loss narrowed to Rs 288.00 crore from Rs 440.90 crore in the previous year. EBITDA stood at Rs 333.50 crore, showing a substantial increase. The company's operating profit turned positive at Rs 106.50 crore compared to a loss in the previous year. Grasim also announced plans to raise up to Rs 1,000 crore through non-convertible debentures.
02Jun 25
Grasim Industries Approves ₹1,000 Crore NCD Issuance
Grasim Industries, an Aditya Birla Group company, has approved raising up to ₹1,000 crore through Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs will be fully-paid, unsecured, listed, rated, and redeemable, with a face value of ₹1,00,000 each. The issuance will be structured in one or more tranches, providing flexibility in the company's fund-raising strategy.
26May 25
Grasim's Birla Opus Paint Brand Surges to Third Place, Core Business Faces Headwinds
Grasim Industries' paint brand, Birla Opus, has become India's third-largest decorative paint brand within six months of launch. However, the company's core Viscose Staple Fiber (VSF) business is experiencing muted global demand, particularly in China. Tariff uncertainties since mid-April have led to a cautious approach in VSF operations. The success in the paint sector may help offset challenges in the VSF segment.
26May 25
Grasim Industries Outlines Capacity Expansion Plans and Reaffirms Financial Targets
Grasim Industries announced modest viscose fiber capacity increase by H1 FY24. Major projects, including a 54,000 TPA Lyocell production facility, are set for completion by FY26. The company reiterated its Rs 10,000 crore revenue target within three years of full-scale operations, accounting for potential economic fluctuations.
23May 25
Grasim Industries Q4 Profit Surges 9%, Revenue Jumps 17% Amid Strong Performance Across Segments
Grasim Industries, an Aditya Birla Group company, posted robust Q4 financial results. Consolidated net profit increased by 9% to Rs 1,496.00 crore, while revenue grew 17% to Rs 44,267.00 crore. EBITDA rose 6% to Rs 6,548.00 crore. The company saw growth across its segments: Cellulosic Fibres revenue up 8%, Chemicals EBITDA up 52%, and UltraTech Cement volumes up 10%. The board recommended a dividend of Rs 10.00 per share.
23May 25
Grasim Industries Reports Q4 Net Loss, Revenue Growth Amid Exceptional Item Impact
Grasim Industries' Q4 results show revenue growth of 31.9% YoY to ₹89.25 billion. Net loss reduced to ₹2.90 billion from ₹4.41 billion last year. An exceptional item of ₹7.15 billion impacted profitability. The company reported a loss before tax of ₹2.50 billion, compared to a profit of ₹3.30 billion in the previous year. Despite challenges, Grasim announced a dividend of ₹10.00 per equity share.
22May 25
Grasim Industries Captures 10% Revenue Market Share in Paints Segment
Grasim Industries has reached a 10% revenue market share in the paints segment during the fourth quarter. This milestone combines revenues from Birla Opus decorative paints and Birla White Putty. The achievement highlights Grasim's growing presence in the competitive paints market and its successful diversification strategy. This rapid growth may impact the strategies of established players in the Indian paints industry.
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