Grasim Industries Reports 31% Increase in Adjusted Profit After Tax, Sets New Revenue Record and Declares Dividend

Grasim Industries Posts Strong Q4 FY26 Earnings

Grasim Industries, the flagship of the Aditya Birla Group, reported a robust set of earnings for the fourth quarter of FY26, with consolidated adjusted profit after tax rising 31 percent year-on-year to Rs 2,041 crore. This growth was fueled by record revenue and EBITDA performance across key businesses, including building materials, financial services, and cellulosic fibres.

The company's consolidated revenue for the January-March quarter rose 15 percent on-year to an all-time high of Rs 51,101 crore, while EBITDA increased 22 percent to a record Rs 8,011 crore. The strong quarterly performance was driven by superior growth in the building materials, financial services, and cellulosic fibres businesses.

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In the paints segment, revenue surged 52 percent year-on-year, significantly outpacing industry growth rates. The cellulosic fibres business also registered a notable growth, with revenue rising 14 percent on-year, aided by volume growth and a favourable product mix. The chemicals business delivered operational strength, with caustic soda sales volumes rising 11 percent year-on-year to a record 321 KT during the quarter.

Grasim Industries also made significant progress on the expansion front, with standalone capital expenditure for FY26 standing at Rs 1,980 crore. The company added that Phase-I of its 55 KTPA Lyocell capacity expansion project at Harihar is progressing as planned. Environmental clearance has been received, detailed engineering is nearly complete, and civil construction has commenced, with commissioning targeted by mid-2027.

The board of directors recommended a dividend of Rs 10 per equity share of face value Rs 2 for FY26, resulting in a total cash outflow of around Rs 681 crore towards dividend payout. The company's share price recovered from intraday losses after the earnings announcement and was trading at Rs 2,968 in afternoon trade, up 1.1 percent for the day.