Grasim Industries swings to profit in Q1, revenue rises 21% YoY
Grasim Industries reported strong Q1 FY27 results, with standalone net profit reaching Rs 247 crore and revenue rising 28% YoY. Consolidated net profit jumped 51% to Rs 2,146 crore, driven by robust performance across core and growth businesses.
Grasim Industries reported a profit in Q1 FY27, marking a turnaround from a loss the previous year. Standalone net profit reached Rs 247 crore, compared to a Rs 118 crore loss in Q1 FY26. Revenue also surged 28% year-on-year to Rs 11,795 crore, the company's highest ever. EBITDA more than doubled to Rs 1,094 crore on a standalone basis.
On a consolidated level, net profit jumped 51% to Rs 2,146 crore, while revenue grew 21% YoY to Rs 48,716 crore. Grasim Industries' UltraTech cement business aims to expand its grey cement capacity to over 240 MTPA by March 2028. The decorative paints arm, Birla Opus, strengthened its position in India's market. Aditya Birla Capital showcased strong performance across its financial services and insurance divisions, attributing growth momentum to the government's Viksit Bharat initiative.
Analysts noted that Grasim Industries shares have delivered strong returns over various timeframes, with the company boasting a market capitalization of over Rs 2.25 lakh crore.
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