Grasim Industries shares rise over 2% as Q4 net loss narrows, revenue beats estimates; dividend declared
Shares of Grasim Industries Ltd climbed 2.17% to ₹2,732.70 on Thursday after the company reported a narrower net loss and a strong revenue growth for the March quarter of FY25. The flagship company of the Aditya Birla Group posted a consolidated net loss of ₹288 crore in Q4FY25, compared to ₹441 crore in the same quarter last year.
Revenue for the quarter surged 31.9% year-on-year to ₹8,926 crore, beating analyst expectations of ₹8,675 crore. However, operating performance lagged behind, with EBITDA falling sharply by 58.1% to ₹221 crore from ₹527 crore in Q4FY24.
The company also declared a dividend of ₹10 per equity share of face value ₹2 each, applicable to both fully and partly paid-up shares, subject to approval at the upcoming AGM.
Separately, Grasim secured its lowest-cost local-currency bond since June 2020, reflecting a favorable borrowing environment amid softening interest rates. The company plans to raise ₹1,000 crore via a five-year bond with a coupon rate of 6.56%.
Standalone expenses for the quarter rose 40.3% to ₹9,406.91 crore, largely due to its ₹10,000 crore capital expenditure push into the decorative paints segment under the Birla Opus brand. Grasim aims to break even in paints within three years of full operations.
Birla Opus, which grew in high single digits in FY25, plans to expand its dealer network and product portfolio further in the next fiscal year. CEO Rakshit Hargave noted the company is focused on long-term fundamentals and aims to continue capturing market share.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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