Grasim Industries posts ₹247 crore profit in June quarter, revenue climbs 28%

Grasim Industries, the country's leading cement maker, returned to profit in the first quarter of current financial year. The Aditya Birla Group flagship company on Wednesday, August 12, reported a standalone net profit of ₹247 crore in April-June period compared with a loss of ₹118 crore in the same period last year.

The company's revenue advanced 28% to ₹11,795 crore in in June quarter compared with ₹9,223 crore in the year-ago period. The company recorded its highest revenue led by double engine momentum from both Core and Growth businesses supported by favourable product mix and pricing environment.

Grasim Industries reported strong operational performance as its earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 147% to ₹950 crore and its EBITDA margin improved by 3.9 percentage points to 8.05%.

On a consolidated basis, Grasim Industries' net profit rose 51% to ₹2,146 crore from ₹1,421 crore in the year-ago period.

The company's revenue from cellulosic fibres business rose 12% year-on-year (YoY) led by higher global prices & better product mix, Grasim said in a press release.

EBITDA for chemicals business jumped by 16% led by Specialty Chemicals & Chlorine derivatives. Its cement capacity expanded by 8.7 million tonnes per annum (MTPA) to 2.5 MTPA.

Revenue from paints business under Birla Opus rose 64% YoY to ₹1,661 crore.

"Birla Opus, further strengthened its 3rd largest position in India’s organised decorative paints industry, with revenue market share expanding by 30 basis points (bps) quarter on quarter (QoQ) in Q1FY27. Including Birla White Putty, the combined revenue market share is nearing early teens," Grasim Industries said in a press release.

"During the quarter, Birla Opus launched 10 new products and 95 SKUs, expanding its product portfolio to 228 products and 1,945+ SKUs. Brand equity continued to strengthen, with Birla Opus emerging as the second most recalled brand and maintaining a premium product mix, reflecting strong consumer acceptance. Birla Opus remains focused on sustaining market share gains and delivering on its guided revenue trajectory," Grasim added.

Grasim Industries shares traded 0.14% higher at ₹3,314.60 after its earnings announcement.