Grasim Industries Q1 FY 2026-27 Results: PAT Rises 49% To ₹2,153 Crore, EBITDA Hits Record ₹8,077 Crore
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Grasim Industries reported a strong start to FY27, with consolidated adjusted profit after tax (PAT) rising 49% year-on-year to ₹2,153 crore in the June quarter, compared with ₹1,442 crore in the corresponding quarter last year.
Grasim Industries Q1 FY 2026-27 Results: Aditya Birla Group flagship Grasim Industries reported its financial results for the quarter ended June 30, 2026, on Wednesday, August 12.
The company's consolidated revenue from operations rose 21% year-on-year to ₹48,716.2 crore, compared with ₹40,118 crore in the corresponding quarter of the previous financial year.
Consolidated EBITDA rose 26% YoY to a record ₹8,077 crore from ₹6,430 crore a year earlier, while adjusted profit after tax (PAT) increased 49% to ₹2,153 crore from ₹1,442 crore.
The company attributed the growth to higher revenue, cost efficiencies and stronger operating performance across its businesses.
Business Performance
Birla Opus, Cement Business Support Growth
Grasim's building materials portfolio remained a key contributor to the quarter. Revenue from the segment, which includes cement, paints and B2B e-commerce, rose 21% year-on-year to ₹28,835 crore, while EBITDA increased 17% to ₹5,002 crore.
Birla Opus continued to gain traction, with revenue rising 64% year-on-year to ₹1,661 crore. The company said Birla Opus strengthened its position as the third-largest player in India's organised decorative paints market, with its revenue market share expanding by 30 basis points sequentially in Q1 FY27.
Including Birla White Putty, the combined revenue market share is nearing the early teens, Grasim said.
During the quarter, Birla Opus launched 10 new products and 95 SKUs, taking its portfolio to 228 products and more than 1,945 SKUs. Grasim said the brand also strengthened its recall among consumers while maintaining a premium product mix.
Birla Pivot also continued to scale, with revenue jumping 75% year-on-year to ₹2,548 crore.
Within cement, UltraTech's grey cement capacity increased by 8.7 MTPA to 205.5 MTPA. Total cement sales volumes rose 12.2% year-on-year to 41.3 million tonnes, while ready-mix concrete volumes increased 18% to 4.6 million cubic metres.
Operating EBITDA per tonne stood at ₹1,214, supported by operating leverage and better cost management. The green power mix increased to 45.6% in Q1 FY27, with the company targeting 85% by FY30.
Chemicals And Cellulosic Fibres
Grasim's chemicals business reported a 10% year-on-year increase in revenue to ₹2,640 crore, while EBITDA rose 16% to ₹491 crore, led by specialty chemicals and chlorine derivatives.
Specialty chemicals accounted for 30% of chemicals revenue, up 200 basis points year-on-year, helped by the pass-through of higher key input costs. Caustic sales volumes, however, declined 6% to 284 KT due to lower production during a captive power plant maintenance shutdown.
The cellulosic fibres business reported a 12% year-on-year rise in revenue to ₹4,530 crore, helped by higher global prices, rupee depreciation and a favourable product mix. EBITDA nearly doubled to ₹632 crore from a low base in the year-ago quarter.
Average CSF prices increased 19% year-on-year to $1.81 per kg, while China's CSF operating rates rose to 93% from 82% a year earlier. CSF volumes declined 4% and CFY volumes fell 7%, although export sales volumes more than doubled year-on-year.
Grasim's financial services business also continued to expand, with its total lending portfolio across NBFC and HFC businesses growing 32% year-on-year to ₹2,19,289 crore.
Management Commentary
Grasim said the quarter saw strong operational performance across its businesses, with the company benefiting from a favourable pricing environment, product mix and higher operating efficiencies.
The company highlighted the performance of Birla Opus, saying the paints business continued to gain market share while expanding its product portfolio. It said Birla Opus remains focused on sustaining market share gains and delivering on its guided revenue trajectory.
On a standalone basis, Grasim Industries returned to profit in the June quarter, reporting a net profit of ₹247 crore compared with a loss of ₹118 crore in Q1 FY26.
Grasim Industries Share Price
Shares of Grasim Industries were trading 0.14% higher at ₹3,314.60 after the results announcement.
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Rochelle Britto is a business journalist with 8+ years of experience in financial journalism. She covers equity markets, corporate earnings, IPOs, commodities and the economy.
As a reporter with leading business publications, she has tracked financial markets and covered sectors including banking and financial services, retail, consumer goods, advertising and e-commerce.
Outside work, she enjoys travelling, discovering local cultures and spending time in nature.
