Consolidated earnings before interest, tax, depreciation and amortization for the period rose 36% on-year to Rs 6,430 crore. The growth in EBITDA was mainly led by higher profitability in the cement and chemicals businesses, partially offset by initial investments for building a strong consumer-facing paints business, the company said in a statement.
“Grasim Industries stands to gain considerably from India’s broad-based economic momentum,” it said in its outlook. “Its diversified portfolio, underpinned by strategic capital deployment and scale-building across core sectors, places it in a unique position as the country advances through its next phase of development.”
The company announced its earnings during market hours and its shares closed at Rs 2,690.20 apiece on the BSE, down 1.9% from the previous close.
The building materials business is the largest for the company at a consolidated level and consists of cement, paints and a B2B e-commerce platform, Birla Pivot.
UltraTech Cement, in which Grasim has a stake, is the country’s largest producer of cement, and consolidated volumes of the business grew nearly 10% on-year. The EBITDA made by the company on each tonne of cement sold improved to Rs 1,248 from Rs 911 earlier.Birla Opus, the company’s paints business which was launched in 2024, registered a double-digit growth on a quarter-on-quarter basis. The company is set to launch its sixth plant in Kharagpur by the end of this quarter and is looking at a capacity share of 24% of the organised decorative paints industry. Total cumulative capital expenditure for the paints business stood at Rs 9,555 crore as on June.Its B2B e-commerce business, Birla Pivot, revenue grew in high single digits on a quarter-on-quarter basis and the company remains on track to achieve revenue of Rs 8,500 crore. “The revenue mix is steadily strengthening, led by the addition of high-potential categories such as non-ferrous, bitumen, chemicals and tiles & plywood,” the company said.
In its chemicals business, revenues rose by 16% on-year to Rs 2,391 crore, while EBITDA jumped by 36% on-year to Rs 422 crore. This was driven by higher volume and improved realisation in caustic soda and better profitability of chlorine derivatives.
For its cellulosic fibres segment, revenue rose 7% on-year to Rs 4,043 crore, but higher key input prices dragged down the EBITDA by 20% to Rs 322 crore.
Grasim Industries spent Rs 480 crore on capital expenditure in the June quarter and its board has approved a capital expenditure of Rs 2,263 crore for the current fiscal. The first phase of the cellulosic fibres business, lyocell project of 55K TPA (total capacity 110K TPA), is progressing as per plan with commissioning targeted by mid-2027, the company said.
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