Grasim Industries Reports Robust Performance with All-Time High Revenue in FY26

Grasim Industries Reports Robust Performance with All-Time High Revenue in FY26​

Grasim Industries Limited reported strong financial results for the fiscal year 2026, achieving all-time high revenue and EBITDA across its consolidated and standalone business segments. The company noted that the overall performance was bolstered by robust growth across multiple core industries, including Paints, Building Materials, and Financial Services.

The consolidated financials for the year ended March 31, 2026, showed revenue reaching ₹ 1,75,431 Cr., representing an 18% year-over-year (YoY) increase. EBITDA stood highest-ever at ₹ 25,872 Cr., marking a 29% YoY jump. Adjusted PAT grew by 33% YoY to ₹ 5,203 Cr.

For the quarter ending March 31, 2026 (Q4FY26), the company reported quarterly revenue and EBITDA of ₹ 51,101 Cr. and ₹ 8,011 Cr., respectively. These figures showed a 15% YoY and 22% YoY increase, driven by superior performance in the Building Materials, Financial Services, and Cellulosic Fibres segments.

Financial Highlights​

The company's consolidated performance metrics for FY26 and Q4FY26 are presented below:

Segment Contributions and Growth​

Building Materials
The Building Materials segment reported a quarterly revenue high at ₹ 30,042 Cr., up 19% YoY, fueled by strong performance across Cement, Paints, and B2B E-commerce. Quarterly EBITDA grew by 22% YoY, reaching ₹ 5,386 Cr.

• Cement: The cement business saw its total global capacity cross the milestone of 200 million tonnes per annum (mtpa) in April 2026, establishing UltraTech as the world's largest cement company outside China. Total global capacity now stands at 205.5 mtpa, with the business planning to expand capacity to over 240 mtpa by March 2028. Cement business revenue for the quarter stood at ₹ 25,799 Cr., an increase of 12% YoY, with EBITDA growing 20% YoY to ₹ 5,688 Cr.
• Paints: The Paints business, leveraging the Birla Opus brand, strengthened its market standing, achieving an estimated ~90 basis points (bps) quarterly market share gain. The combined revenue of Birla Opus and Birla White Putty is nearing the #2 position in the Indian Decorative Paints industry. Growth was supported by a large base of approximately 4.5 lakh active contractors and painters, alongside expanding distribution, which now crosses 50,000 dealers across more than 11,500 towns via 146 depots.
• B2B Ecommerce: The Birla Pivot B2B Ecommerce platform delivered strong quarterly growth, with revenue more than doubling year-over-year. This expansion was attributed to new buyer acquisition, strong repeat orders, and the addition of product categories, offering over 50,000 SKUs from 1000+ Indian and International brands.

Cellulosic Fibres and Chemicals
The Cellulosic Fibres segment saw total revenue grow by 14% YoY to ₹ 4,614 Cr. The segment’s EBITDA grew two-fold to ₹ 588 Cr., driven by volume growth, operating efficiencies, and favorable product mix. The company noted that the Cellulosic Staple Fibre (CSF) market in China recorded its third consecutive quarter of recovery.

In the Chemicals sector, the business reported revenue growth of 7% YoY, totaling ₹ 2,458 Cr. The segment's EBITDA stood at ₹ 304 Cr., up 3% YoY, despite lower international spot prices for caustic soda. Caustic soda sales volume reached an all-time high of 321 KT, marking an 11% YoY increase.

Financial Services and Other Businesses
Aditya Birla Capital, a key financial service vertical, reported that its revenue, as consolidated under Ind AS, grew by 10% YoY to ₹ 13,422 Cr. As of March 31, 2026, the overall lending portfolio (NBFC and HFC) reached an all-time high of ₹ 2,07,368 Cr., an increase of 32% YoY.

The Other Businesses segment, covering Textiles, Renewables, and Insulators, delivered revenue growth of 14% YoY to ₹ 1,021 Cr., and EBITDA grew 73% YoY to ₹ 242 Cr. The Renewables business, specifically, reported a 60% YoY revenue increase to ₹ 251 Cr., contributing to a cumulative installed capacity of 1.95 GWp.

Corporate and Sustainability Updates​

Standalone capex spent for the fiscal year 2026 totaled ₹ 1,980 Cr. The Cellulosic Fibres unit is advancing its Phase I expansion project for 55 KTPA Lyocell capacity at Harihar, with environmental clearance received and construction underway, targeting commissioning by mid-2027.

In terms of sustainability, the company improved its standalone performance metrics, with recycled water usage as a share of freshwater consumption rising to 51% (from 45% in FY25). The renewable power capacity share also increased to 24% from 11% in FY25. Furthermore, the board of directors recommended a dividend of ₹ 10 per equity share on ₹ 2 fully paid-up face value for the year ended March 31, 2026.

GRASIM Stock Price Movement​

Grasim Industries shares are rallying to ₹2952.8 as of 2:54 PM today, gaining 0.60% in live trading. The stock continues its robust performance amid strong buying interest, even as traders look to challenge its 52-week high mark of ₹3007.3 on a volume of 944,506 shares.