Grasim Industries Ltd. (IN:GRASIM)
:GRASIM
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Earnings Data
Report Date
Aug 07, 2026TBA (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-1.7Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and top‑line momentum across multiple pillars: record consolidated and standalone revenues, rapid market share and distribution gains for Birla Opus, accelerating scale and near‑term profitability target for Birla Pivot, major cement capacity milestones and healthy performance in cellulosic fibres, renewables and textiles. These positives are tempered by significant raw material and packaging inflation (notably in paints), margin pressure in specialty chemicals, and uncertainty around demand elasticity after repeated price hikes. Management emphasized prioritizing market share and growth for new businesses while guiding a path toward profitability and disciplined capital allocation (including a targeted investment to retain control of Aditya Birla Capital). Overall, achievements and growth metrics meaningfully outweigh the headwinds, but near‑term margin risks and macro volatility require monitoring.Company Guidance
Record Consolidated and Standalone Revenues
Consolidated revenue reached a record INR 1,75,431 crores (~USD 18bn) for FY'26, registering a CAGR of 18% from FY'21–FY'26. Grasim stand-alone revenue also hit an all-time high of INR 41,039 crores, a 27% CAGR over the same period.
Birla Opus (Paints) Rapid Scale-Up
Birla Opus delivered Q4 revenue growth of 52% YoY (like‑for‑like), and FY'26 revenue doubled (+100% YoY vs FY'25). Excluding CWIP, like‑for‑like growth in Q4 rises to 71%. Revenue market share expanded ~90 bps QoQ and ~370 bps YoY; crossed 10% revenue market share in March 2026.
Paints Distribution and Product Footprint Expansion
Paints presence expanded to ~11,500 towns, 50,000+ dealers, 146 depots, 37,000 active tinting machines, 1,200+ branded franchise stores and PaintCraft service in 6,000+ pin codes. Product portfolio increased to 218 products and 1,850+ SKUs; premium/luxury products contribute ~65% of value.
Birla Pivot (B2B E‑commerce) Strong Momentum
Birla Pivot revenue more than doubled YoY in Q4 and is close to the INR 8,500 crores annual revenue guidance. Platform now delivers to 5,000+ pin codes, 400+ cities and 5,000+ retail touchpoints. Management expects to exit FY'27 at EBITDA breakeven.
UltraTech Cement Capacity and Profitability Milestones
UltraTech crossed 200 million tpa grey capacity, making it the largest cement company outside China, and is on track for 240+ mtpa by March 2028. Operating EBITDA/ton reached INR 1,253 (highest), and cumulative efficiency gains of INR 185/ton over FY'25–FY'26. UltraTech announced a dividend of INR 240/share, giving Grasim ~INR 4,000 crores cash inflow (ex‑tax).
Cellulosic Fibres Growth and Improved Margins
Cellulosic Fibres revenue in Q4 was INR 4,614 crores, up 14% YoY; full-year revenue INR 17,104 crores, up 8% YoY. Q4 EBITDA was INR 588 crores (2x YoY); full-year EBITDA INR 1,751 crores, up 15% YoY. Phase‑1 lyocell capacity of 55,000 tpa in progress at Harihar.
Chemicals and Caustic Soda Volume Records
Caustic soda sales hit an all‑time high of 321,000 tons in Q4 and 1,232 KT for FY'26. Specialty chemicals revenue grew 5% YoY and the revenue mix is shifting toward higher-value downstream products (specialty chemicals 27%, chlorine derivatives 22%).
Renewables and Textiles Recovery
Renewable business revenue grew 60% YoY with EBITDA up 55% YoY. Textile business revenue rose 14% YoY and returned to EBITDA profit of INR 35 crores versus a loss of INR 8 crores in the prior period.
Shareholder Returns and Strategic Investment
Grasim announced a final dividend of 500% (INR 10/share) marking the 63rd consecutive year of dividend. Aditya Birla Capital approved a INR 4,000 crores equity raise; Grasim will invest INR 2,880 crores to maintain ~52.3% stake (fully diluted).
IN:GRASIM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IN:GRASIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 20, 2026 | ₹2938.65 | ₹2971.80 | +1.13% |
Feb 10, 2026 | ₹2925.90 | ₹2954.50 | +0.98% |
Aug 08, 2025 | ₹2733.35 | ₹2680.44 | -1.94% |
May 22, 2025 | ₹2697.93 | ₹2665.50 | -1.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Grasim Industries Ltd. (IN:GRASIM) report earnings?
Grasim Industries Ltd. (IN:GRASIM) is schdueled to report earning on Aug 07, 2026, TBA (Confirmed).
What is Grasim Industries Ltd. (IN:GRASIM) earnings time?
Grasim Industries Ltd. (IN:GRASIM) earnings time is at Aug 07, 2026, TBA (Confirmed).
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What is the P/E ratio of Grasim Industries Ltd. stock?
The P/E ratio of Grasim Industries Ltd. is N/A.
What is IN:GRASIM EPS forecast?
Currently, no data Available