Date: 12th August 2026

Consolidated Financial Performance

Grasim Industries reported strong financial results for Q1FY27 (quarter ended 30th June 2026). Consolidated revenue stood at ₹48,716 Cr, representing a 21% year-over-year (YoY) increase from ₹40,118 Cr in Q1FY26. EBITDA reached a record high of ₹8,077 Cr, up 26% YoY from ₹6,430 Cr. Adjusted PAT (owner's share of PAT excluding exceptional items) was ₹2,153 Cr, showing a significant 49% YoY increase from ₹1,442 Cr (restated as Aditya Birla Health Insurance Co. Ltd adopted Ind AS 117).

Standalone Performance

Standalone revenue reached an all-time high of ₹11,795 Cr, up 28% YoY, driven by double engine momentum from both Core and Growth businesses supported by favorable product mix and pricing environment. Standalone EBITDA more than doubled to ₹1,094 Cr, up 107% YoY, led by resilient performance of Core businesses (Cellulosic Fibres and Chemicals) and rapid acceleration of Growth engines (Paints and B2B E-commerce businesses).

Segment-wise Performance

Cellulosic Fibres (Cellulosic Staple Fibre: CSF and Cellulosic Fashion Yarn: CFY)

  • China CSF market remained strong with operating rates at 93% in Q1FY27 vs 82% in Q1FY26
  • Inventory levels declined to lowest of 7 days in Q1FY27
  • Global CSF prices improved for third consecutive quarter: Q1FY27 average at $1.81/kg, up 19% YoY
  • CSF sales volumes: 202 KT, down 4% YoY due to planned maintenance and subdued domestic demand
  • Export sales volumes more than doubled YoY
  • CFY volumes down 7% YoY due to weak downstream demand
  • Segment revenue: ₹4,530 Cr, up 12% YoY
  • Segment EBITDA: ₹632 Cr, up nearly two times YoY

Chemicals (Chlor-Alkali, Chlorine Derivatives and Specialty Chemicals)

  • Caustic soda international average spot prices (CFR-SEA): $483/ton in Q1FY27, up 3% YoY
  • ECU stood at ₹37,955/ton, up 6% YoY
  • Caustic sales volumes: 284 KT, down 6% YoY due to captive power plant maintenance shutdown
  • Segment revenue: ₹2,640 Cr, up 10% YoY
  • Specialty Chemicals revenue share improved 200 bps YoY to 30%
  • Segment EBITDA: ₹491 Cr, up 16% YoY

Building Materials (Cement, Paints and B2B E-commerce)

  • Total revenue: ₹28,835 Cr, up 21% YoY
  • Total EBITDA: ₹5,002 Cr, up 17% YoY

Cement Business (UltraTech):

  • Total grey cement capacity (India + Overseas): 205.5 MTPA
  • Capacity expansion target: Over 240 MTPA by Mar-28
  • Total sales volume: 41.3 million tons, up 12.2% YoY
  • Ready-mix concrete sales volumes: 4.6 Mn m³, up 18% YoY
  • UltraTech Building Solutions retail outlets: 5,802 outlets, up 21% YoY
  • Operating EBITDA/Mt: ₹1,214
  • Green power mix: 45.6% with target to reach 85% by FY30
  • Revenue: ₹24,648 Cr, up 16% YoY

Decorative Paints Business (Birla Opus):

  • Revenue: ₹1,661 Cr, up 64% YoY and 17% QoQ
  • Strengthened 3rd largest position in India's organised decorative paints industry
  • Revenue market share expanded by ~30 bps QoQ in Q1FY27
  • Combined revenue market share (including Birla White Putty) nearing early teens
  • First-time billed dealers increased sequentially by over 10%
  • Price revisions impact: 8.8% in Q1FY27
  • Network: Over 1,450 exclusive branded franchise retail outlets
  • Product portfolio: 228 products and 1,945+ SKUs (launched 10 new products and 95 SKUs in quarter)
  • Emerged as second most recalled brand

B2B E-commerce Business (Birla Pivot):

  • Revenue: ₹2,548 Cr, up 75% YoY
  • Annualised revenue run-rate trending above ₹10,000 Cr
  • Revenue mix strengthening across Building Materials, Non-Ferrous and Chemicals categories
  • On track to achieve EBITDA break-even by exit of FY27

Financial Services (Aditya Birla Capital)

  • Consolidated revenue (Ind AS): ₹12,155 Cr, up 28% YoY
  • Total lending portfolio (NBFC + HFC): ₹2,19,289 Cr, up 32% YoY
  • Customer assets across asset management and insurance businesses: ₹7,52,745 Cr
  • D2C platform ABCD: serves over 12 million customers
  • B2B platform Udyog Plus: ~2.4 million registrations

Other Businesses (Textiles, Renewables, and Insulators)

  • Total revenue: ₹1,126 Cr, up 30% YoY
  • Total EBITDA: ₹302 Cr (nearly doubled YoY)

Textiles Business:

  • Revenue: ₹690 Cr, up 26% YoY
  • EBITDA: ₹45 Cr vs ₹9 Cr in Q1FY26

Renewables Business:

  • Revenue: ₹307 Cr, up 59% YoY
  • EBITDA: ₹250 Cr, up 71% YoY
  • Cumulative installed capacity: 1.96 GWp, up 68 MWp YoY
  • Capacity share with Group companies: 43%

Capital Expenditure

  • Budgeted capex for FY27: ₹3,157 Cr across all Grasim Standalone businesses
  • 45% earmarked for growth projects
  • Phase I capacity of 55K TPA progressing well
  • Environmental clearance under progress for Phase II capacity of 110K TPA
  • Total capex spent in Q1FY27: ₹375 Cr

Sustainability Initiatives

  • Standalone renewable capacity power share: 24% of total power requirement (vs. 23% in Q1FY26)
  • Proportion of recycled water to freshwater consumption: 50%

Outlook

The company highlighted the Government's ambitious Viksit Bharat initiative as a catalyst spurring demand across core industries and creating a robust environment for growth. With its resilient balance sheet and strategic investments, Grasim Industries is positioned to play a pivotal role in India's growth story.