Event Type: Q4 FY26 Earnings Conference Call held on 20th May 2026 to discuss Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March 2026.
Management Participants: Himanshu Kapania (Managing Director and Business Head, Birla Opus Paints), Hemant Kadel (Chief Financial Officer), Vadiraj Kulkarni (Business Head, Cellulosic Fibres), Jayant Dhobley (Business Head, Chemicals, Fashion Yarn and Insulators), Sachin Sahay (CEO, Birla Opus), Sandeep Komaravelly (CEO, Birla Pivot), and Ankit Panchmatia (Head, Investor Relations).
Financial Performance: Consolidated revenue reached INR1,75,431 crores (exceeding $18 billion USD) for FY26, representing an 18% CAGR from FY21 to FY26. Standalone revenue hit an all-time high of INR41,039 crores with 27% CAGR over the same period.
Birla Opus Paints Business: Achieved 100% revenue growth in FY26 versus FY25. Q4 revenue grew 52% YoY on like-to-like basis (71% excluding CWIP). Crossed 10% revenue market share in decorative paints in March 2026. Expanded to 11,500 towns with 50,000+ dealers, 146 depots, and 37,000 active tinting machines. Institutional sales channel grew 43% QoQ and 212% YoY. Product portfolio expanded to 218 products and 1,850+ SKUs. Maintains 10% free paint promotion despite raw material cost inflation of 20-25%.
Birla Pivot B2B Business: Q4 FY26 revenue more than doubled YoY. Platform delivers to 5,000+ pin codes across 400+ cities with 5,000+ retail touchpoints. Focuses on steel, bitumen, copper, aluminum ingots, and polymers. Targeting EBITDA break-even in FY27.
Cement Business (UltraTech): Crossed 200 million tons per annum capacity, becoming world's largest cement company outside China. Operating EBITDA per ton reached INR1,253. Cumulative efficiency gains of INR185 per ton over FY25-FY26. Dividend payout of INR240 per share announced, providing Grasim with nearly INR4,000 crores cash inflow.
Cellulosic Fibers: Q4 revenue of INR4,614 crores (14% YoY growth). Full year revenue reached INR17,104 crores (8% YoY growth). Q4 EBITDA of INR588 crores (2x growth). Phase 1 Lyocell capacity expansion of 55,000 tons per annum progressing at Harihar.
Chemicals Division: Maintains market leadership with 1.5 million MTPA chloralkali capacity. Caustic soda sales volume highest ever at 321,000 tons in Q4. Specialty chemicals revenue grew 5% YoY.
Financial Services (Aditya Birla Capital): Board approved capital raise of INR4,000 crores via preferential allotment. Grasim's Board approved investment of INR2,880 crores to maintain 52.3% stake.
Dividend Declaration: Board announced final dividend of 500% amounting to INR10 per equity share, marking 63rd consecutive year of uninterrupted dividend payments.
Compliance: The company confirmed that the transcript is being filed under Regulation 30 of SEBI LODR Regulations and is available on the company website.
Additional Notes Section
The document includes the full transcript of the earnings conference call with detailed management commentary and Q&A session.
The transcript contains extensive financial data, operational metrics, and strategic updates across all business segments.
