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Earnings Call

Grasim Industries Earnings Call: Key Takeaways

Grasim reported record FY26 consolidated revenue of ₹1,75,431 Cr (18% CAGR since FY21). Management highlighted strong scaling in new businesses, Paints and B2B e-commerce, alongside leadership in Cement and Chemicals.

Why this was an Alfa AlertNot a filter event. While growth is strong, performance is described as 'ahead of guidance' or 'on track' without specific guidance-to-actual 10%+ beats on primary metrics.
Highlights
Revenue growthConsolidated FY26 revenue at ₹1,75,431 Cr; Standalone at ₹41,039 Cr.
MarginsEBITDA per ton at ₹1,253 for UltraTech; Paints seeing losses.
Order bookBig order backlog mentioned for the Insulator division.
Demand visibilityUncertain medium-term demand due to price hikes and elasticity tests.
Management confidenceHigh; aiming for No. 2 position in Indian decorative paints.

Growth

Standalone revenue reached ₹41,039 Cr (27% CAGR FY21-26). Cellulosic fiber Q4 revenue grew 14% YoY; Paints top-line doubled in FY26.

Outlook

Targeting ₹10,000 Cr revenue in Paints by year 3 of full operations; UltraTech capacity target of 240+ MTPA by March 2028.

Risks

High inflation in paint raw materials (linked to crude); volatile geopolitical environment; currency depreciation impacting COGS by 20-25%.

Source

Earnings Call filed with NSE, NSE: GRASIM. Summary written with AI assistance from the document.

Read the document ↗

Grasim Industries Ltd: key numbers

Share price
₹3,191.00
Market cap
₹2,17,154 Cr
Revenue (annual)
₹1,75,431 Cr
Net profit (annual)
₹4,966 Cr
P/E (TTM)
38.1×Sector 33.0×
Promoter holding
43.74%+0.00% QoQ
FII holding
14.63%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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15:54 IST BSE
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Grasim Industries Debt & Borrowing: ₹750 Cr

Grasim Industries Limited has made a full repayment of Rs. 750 Crore for commercial papers. The redemption follows the maturity of 15,000 units on September 24, 2026.

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dissolving-grade pulp capacity (temporarily idled)
190 K TPA
16:33 IST BSE
Debt & Borrowing

Grasim Industries Debt & Borrowing: ₹500 Cr

Grasim Industries has successfully completed the full repayment of Commercial Papers amounting to ₹500 Crore. This redemption clears the outstanding debt for this specific issuance.

Value
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16:46 IST NSE
Legal & Regulatory

Grasim Industries Legal & Regulatory

Grasim Industries disclosed a search by Customs authorities at its Cellulosic Staple Fiber unit in Nagda. The company reported no material financial or operational impact.

14:58 IST BSE
Debt & Borrowing

Grasim Industries Debt & Borrowing: ₹800 Cr

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Value
₹800.0 Cr