ALFA Finder| Management target | Revenue 50.0% FY27 |
|---|
| Revenue growth | Consolidated +26% YoY to record ₹15,105 Cr; standalone +33%. |
|---|---|
| Margins | VSF about ₹22/kg, range-bound; epoxy margins compressed; caustic pressured. |
| Demand visibility | October volumes strong; industry H1 +16-17%, H2 seen +15-20%. |
| Management confidence | Optimistic but hedged; H2 guidance uses 'hope' and 'expect' language. |
Growth
Paints revenue +35% YoY (about 20% volume, 9-10% price); net realization flat QoQ. Standalone revenue +33%; EBIDA 2.6x, mainly Ultratech dividend.
Outlook
Paints guided +50% YoY in FY27, with double-digit H2 market share. ₹10,000 Cr paints brand by FY28; B2B ₹12,000 Cr FY27 revenue; standalone capex ₹3,157 Cr.
Risks
Paints share not gained; H2 needs 50% growth. Caustic and epoxy margins under pressure; VSF margins only range-bound.
Last quarter's promises, checked
Delivered
- Guided paints >50% YoY FY27 → Q1 paints +64% YoY (= BEAT)
Partly delivered
- Guided paints >50% FY27 → Q2 paints +35% YoY, H2 needs 50% (= PARTIAL)
- Guided FY27 capex ₹3,157 Cr → H1 ₹1,022 Cr (= PARTIAL)
Missed
- Guided market share gains → paints share not gained (= MISS)
- Guided Q1 hikes (8.8%) to flow into Q2 → Q2 realization flat QoQ (= MISS)
Earnings Call Transcript filed with NSE, NSE: GRASIM. Summary written with AI assistance from the document.
Grasim Industries Ltd: key numbers
- Share price
- ₹3,034.00
- Market cap
- ₹2,06,470 Cr
- Revenue (annual)
- ₹1,75,431 Cr
- Net profit (annual)
- ₹4,966 Cr
- P/E (TTM)
- 42.1×Sector 33.5×
- Promoter holding
- 45.20%+1.46% QoQ
- FII holding
- 14.50%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Grasim Industries Ltd
All →Grasim Industries Other Announcement
CARE Ratings confirms no deviation in utilisation of Grasim's rights issue proceeds for Q2 FY27. Periodic Reg 32(6) compliance filing with no new transaction.
Grasim Industries Investor Presentation: Key Takeaways
Consolidated revenue ₹50,105 Cr (+26% YoY), EBITDA ₹6,513 Cr (+25%), adjusted PAT ₹536 Cr (vs ₹595 Cr). Growth led by cellulosic fibres, paints, B2B and financial services.
Grasim Industries Results Update
Grasim posted record standalone revenue of ₹12,747 Cr and PAT of ₹2,306 Cr in Q2FY27. Consolidated PAT swung to a ₹234 Cr loss on pulp JV impairment.
Grasim Industries Q2 FY27 Results: Net Profit ₹1,029 Cr, Down 34.7% YoY
Grasim Industries Ltd reported revenue from operations of ₹50,105 Cr (+25.6% YoY) and net profit of ₹1,029 Cr (-34.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹1,029 Cr · -34.7% YoY
Grasim Industries Debt & Borrowing: ₹750 Cr
Grasim Industries fully repaid ₹750 Crore of commercial paper (ISIN INE047A14BF3) at maturity on 4 November 2026. The outstanding amount is now nil.
- Value
- ₹750.0 Cr
Grasim Industries Partnership
Grasim Industries, Aditya Birla Renewables, and Suzlon Energy signed a Memorandum of Understanding to develop India's first recyclable wind turbine blades. The partnership utilizes Grasim's Recyclamine technology.