Latest news with #Grasim
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Business Standard
13 hours ago
- Business
- Business Standard
Grasim shares rise 3% after Q1 results; here's why analysts raised targets
Shares of Grasim Industries rose over 3 per cent on Monday after analysts raised their target prices, as strong performances in the cement and chemicals businesses drove a 32 per cent profit growth in the June quarter of the current financial year (Q1FY26). The cement and cement products maker's stock rose as much as 3.36 per cent during the day to ₹2,782 per share, the biggest intraday rise since June 10 this year. The stock pared gains to trade 2.3 per cent higher at ₹2,754 apiece, compared to a 0.15 per cent advance in Nifty 50 as of 10:13 AM. Shares of the company snapped a three-day fall and currently trade at 4.6 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 12.7 per cent this year, compared to a 3.3 per cent advance in the benchmark Nifty 50. Grasim has a total market capitalisation of ₹1.87 trillion. Grasim Industries Q1 results The flagship company of the Aditya Birla Group reported a 32 per cent increase in net profit in Q1 FY26 to ₹1,419 crore from ₹1,075 crore in the previous quarter. Consolidated revenue grew 16 per cent to ₹40,118 crore, and ebitda surged 36 per cent to ₹6,430 crore. The cement business, anchored by listed subsidiary UltraTech, was the primary earnings driver. Cement sales rose almost 10 per cent from the previous year to 36.8 million tonnes. Ebitda (earnings before interest, tax, depreciation, and amortisation) per tonne rose 37 per cent to Rs 1,248. In the chemicals business, improved realisations in caustic soda and gains in chlorine derivatives lifted ebitda 36 per cent to Rs 422 crore. Revenue increased 16 per cent to Rs 2,391 crore despite margin pressures in specialty chemicals due to low-cost imports. Analysts on Grasim Q1 earnings Motilal Oswal said Grasim's core businesses, viscose staple fibre (VSF) and chemicals, recorded improved profitability, supported by stable demand and operating performance. However, changing global trade dynamics and policies could pose near-term challenges. The brokerage noted steady progress in the company's paints and B2B e-commerce businesses, driven by ongoing distribution expansion and product portfolio additions. It said revenue growth in these segments and a reduction in losses will be key monitorables. Analysts at Motilal Oswal reiterated its 'Buy' rating on the stock, with a target price of ₹3,500. Meanwhile, Nuvama Institutional Equities said that while Grasim's chemical segment and CSF division showed improved performance, losses in its new businesses, B2B e-commerce and paints, weighed on overall results. Following the first-quarter FY26 earnings beat, the brokerage raised its FY26 estimated Ebitda by around 20 per cent. Nuvama maintained its 'Hold' rating, with a revised target price of ₹2,971, up from ₹2,698 earlier. Antique Stock Broking said it has raised its FY26 estimated standalone Ebitda by 13 per cent, while keeping its FY27 Ebitda estimate unchanged. The brokerage increased its target price to ₹3,050, from ₹2,875 earlier.
New Indian Express
a day ago
- Business
- New Indian Express
Opus Paints shows double-digit revenue growth: Grasim Industries
Grasim Industries' new decorative paints business -- Birla Opus -- is emerging as a key driver of growth. Birla Opus has shown strong performance, with its decorative paints revenue growing by a double-digit percentage quarter-over-quarter, the company said recently while announcing its quarterly numbers. According to internal estimates of the company, Birla Opus is India's 3rd largest decorative paints brand in terms of revenue. This growth is credited to a combination of increased category penetration and the expansion of its distribution network. The brand's product reach has now extended to more than 8,000 towns across India. Grasim has made substantial investments to build the Birla Opus brand, with a total capital expenditure of Rs 9,555 crore allocated to the paints business as of June 30, 2025. This investment has been executed without any project overruns, with six simultaneous greenfield plants being set up.
United News of India
3 days ago
- Business
- United News of India
Grasim Industries post consolidated Rs 1,419 Cr Q1 FY26 net profit
Mumbai, Aug 8 (UNI) Aditya Birla Group company Grasim Industries Ltd officially announced here today that it has posted a 32% growth in net profit on a consolidated basis at Rs 1,419 crore for Q1 FY26. The 32% growth in net profit has been attributed to strong performance by UltraTech Cement, which is a Grasim company, aided by good performance in its chemicals businesses, according to the company statement. The company's net profit rose to Rs 1,419 crore in Q1FY26, from Rs 1,075 crore an year earlier. Consolidated revenue grew by 16% year-on-year (YoY) to Rs 40,118 crore, while EBITDA increased by 36% to Rs 6,430 crore, the company said in a filing. The cement business of listed subsidiary UltraTech, remained the primary earnings driver. UltraTech's cement volumes rose nearly 10% year-on-year (YoY) to 36.8 million tonnes, while EBITDA per tonne increased by 37% to Rs 1,248. Improved revenue from caustic soda and chlorine derivatives business lifted EBITDA by 36% to Rs 422 crore. Revenues from the segment rose by 16% to Rs 2,391 crore despite margin pressures in specialty chemicals due to low-cost imports. According to the company statement, "Grasim stands to gain from India's broad based economic momentum, and has a diversified portfolio, with strategic capital deployment and scale across core sectors. The push for infrastructure expansion, resurgence in domestic manufacturing, formalisation of the financial system as well as rising disposable incomes are creating sustained demand". UNI XC SSP
Mint
3 days ago
- Business
- Mint
Grasim Q1 profit up 34 pc to ₹2,767 cr, revenue rises to ₹40,118 cr
New Delhi, Aug 8 (PTI) Aditya Birla Group flagship holding firm Grasim Industries Ltd reported an increase of 33.9 per cent in its net profit to ₹ 2,767.08 crore for the June quarter of FY26, led by higher profitability in the cement and chemicals businesses and all-round growth across key businesses. The company has reported a net profit of ₹ 2,065.97 crore for the April-June quarter a year ago, according to a regulatory filing. Its revenue from operations rose 15.9 per cent to ₹ 40,118.08 in the June quarter of FY26. The same stood at ₹ 34,609.75 crore in the corresponding quarter a year before. The nearly 16 per cent growth was "driven by all-round growth across key businesses," Grasim said in its earnings statement. Its "consolidated EBITDA (earnings before interest, taxes, depreciation and amortisation) at ₹ 6,430 crore, grew by 36 per cent year-on-year (YoY), mainly led by higher profitability in the Cement and Chemicals businesses, partially offset by initial investments for building a strong consumer-facing paints business, Birla Opus, in line with our expectations." Total expenses of Grasim, which controls companies as UltraTech, Aditya Birla Capital and businesses such as textiles, chemicals and building materials, were at ₹ 36,656.89 crore, up 13.9 per cent in the June quarter. The company's total income, which includes other income, increased 15.89 per cent to ₹ 40,460.18 crore during the June quarter. On a standalone basis, which primarily includes the India business, Grasim's revenue from operations climbed 33.8 per cent to ₹ 9,223.13 crore. This was "led by high growth from new businesses: Paints and B2B Ecommerce, coupled with stable core businesses: Cellulosic Fibres and Chemicals". On the segment, Grasim said, revenue from its Cellulosic Fibre business grew 6.76 per cent to ₹ 4,043.27 crore. "Our domestic CSF (Cellulosic Staple Fibre) sales volumes grew by 2 per cent YoY, though overall CSF sales volume de-grew by 1 per cent YoY at 209 KT due to lower exports," it said. While the CFY (Cellulosic Fashion Yarn) business recorded volume growth of 6 per cent YoY, realisations remained under pressure due to low-priced imports from China. In the segment, higher key input prices, which were passed on partially, have led to a reduction in EBITDA by 20 per cent YoY to ₹ 322 crore. Revenue from the chemicals segment was up 15.7 per cent to ₹ 2,390.57 crore in the June quarter. "EBITDA increased by 36 per cent YoY at ₹ 422 crore driven by higher volume and improved realisation in Caustic Soda and better profitability of Chlorine Derivatives," it said. Its revenue from its Building Material business reported a growth of 22 per cent to ₹ 23,732.93 crore. It was at ₹ 19,450.19 crore in the April-June quarter a year ago. Grasim's 'Building Materials' comprises its Cement business, UltraTech, its newly launched paints business Birla Opus and its B2B e-commerce business Birla Pivot. "Consolidated sales volumes of the Cement business were up by 9.7 per cent YoY to 36.83 MT and ready-mix concrete sales volumes grew by 20 per cent YoY. UltraTech Building Solutions (UBS) outlets increased to 4,802, contributing 21 per cent of total domestic grey cement sales volume," it said. While its decorative paints business Birla Opus reported double-digit growth in revenue on a quarter-on-quarter (QoQ) basis. Similarly, revenue from the financial services segment -- Aditya Birla Capital Ltd (ABCL) -- climbed 7.73 per cent to ₹ 9,487.92 crore. It was at ₹ 8,806.85 crore in the June quarter a year ago. "The overall lending portfolio (NBFC and HFC) increased by 30 per cent YoY to ₹ 1,65,832 crore. The total AUM (AMC, life insurance and health insurance) grew by 20 per cent YoY to ₹ 5,53,504 crore," it said. Grasim's revenue from other businesses, which includes textiles, renewables, and insulators, rose 8.41 per cent to ₹ 865.18 crore during the said quarter. On the outlook, the company said it stands to gain considerably from India's broad-based economic momentum. "The Government's ambitious agenda for a Viksit Bharat, rooted in infrastructure expansion, a resurgence in domestic manufacturing, formalisation of the financial system, and rising disposable incomes, creates fertile ground for sustained demand," it said
Mint
3 days ago
- Business
- Mint
Grasim Q1 profit up 34 pc to ₹2,767 cr, revenue rises to ₹40,118 cr
New Delhi, Aug 8 (PTI) Aditya Birla Group flagship holding firm Grasim Industries Ltd reported an increase of 33.9 per cent in its net profit to ₹ 2,767.08 crore for the June quarter of FY26, led by higher profitability in the cement and chemicals businesses and all-round growth across key businesses. The company has reported a net profit of ₹ 2,065.97 crore for the April-June quarter a year ago, according to a regulatory filing. Its revenue from operations rose 15.9 per cent to ₹ 40,118.08 in the June quarter of FY26. The same stood at ₹ 34,609.75 crore in the corresponding quarter a year before. The nearly 16 per cent growth was "driven by all-round growth across key businesses," Grasim said in its earnings statement. Its "consolidated EBITDA (earnings before interest, taxes, depreciation and amortisation) at ₹ 6,430 crore, grew by 36 per cent year-on-year (YoY), mainly led by higher profitability in the Cement and Chemicals businesses, partially offset by initial investments for building a strong consumer-facing paints business, Birla Opus, in line with our expectations." Total expenses of Grasim, which controls companies as UltraTech, Aditya Birla Capital and businesses such as textiles, chemicals and building materials, were at ₹ 36,656.89 crore, up 13.9 per cent in the June quarter. The company's total income, which includes other income, increased 15.89 per cent to ₹ 40,460.18 crore during the June quarter. On a standalone basis, which primarily includes the India business, Grasim's revenue from operations climbed 33.8 per cent to ₹ 9,223.13 crore. This was "led by high growth from new businesses: Paints and B2B Ecommerce, coupled with stable core businesses: Cellulosic Fibres and Chemicals". On the segment, Grasim said, revenue from its Cellulosic Fibre business grew 6.76 per cent to ₹ 4,043.27 crore. "Our domestic CSF (Cellulosic Staple Fibre) sales volumes grew by 2 per cent YoY, though overall CSF sales volume de-grew by 1 per cent YoY at 209 KT due to lower exports," it said. While the CFY (Cellulosic Fashion Yarn) business recorded volume growth of 6 per cent YoY, realisations remained under pressure due to low-priced imports from China. In the segment, higher key input prices, which were passed on partially, have led to a reduction in EBITDA by 20 per cent YoY to ₹ 322 crore. Revenue from the chemicals segment was up 15.7 per cent to ₹ 2,390.57 crore in the June quarter. "EBITDA increased by 36 per cent YoY at ₹ 422 crore driven by higher volume and improved realisation in Caustic Soda and better profitability of Chlorine Derivatives," it said. Its revenue from its Building Material business reported a growth of 22 per cent to ₹ 23,732.93 crore. It was at ₹ 19,450.19 crore in the April-June quarter a year ago. Grasim's 'Building Materials' comprises its Cement business, UltraTech, its newly launched paints business Birla Opus and its B2B e-commerce business Birla Pivot. "Consolidated sales volumes of the Cement business were up by 9.7 per cent YoY to 36.83 MT and ready-mix concrete sales volumes grew by 20 per cent YoY. UltraTech Building Solutions (UBS) outlets increased to 4,802, contributing 21 per cent of total domestic grey cement sales volume," it said. While its decorative paints business Birla Opus reported double-digit growth in revenue on a quarter-on-quarter (QoQ) basis. Similarly, revenue from the financial services segment -- Aditya Birla Capital Ltd (ABCL) -- climbed 7.73 per cent to ₹ 9,487.92 crore. It was at ₹ 8,806.85 crore in the June quarter a year ago. "The overall lending portfolio (NBFC and HFC) increased by 30 per cent YoY to ₹ 1,65,832 crore. The total AUM (AMC, life insurance and health insurance) grew by 20 per cent YoY to ₹ 5,53,504 crore," it said. Grasim's revenue from other businesses, which includes textiles, renewables, and insulators, rose 8.41 per cent to ₹ 865.18 crore during the said quarter. On the outlook, the company said it stands to gain considerably from India's broad-based economic momentum. "The Government's ambitious agenda for a Viksit Bharat, rooted in infrastructure expansion, a resurgence in domestic manufacturing, formalisation of the financial system, and rising disposable incomes, creates fertile ground for sustained demand," it said Shares of Grasim Industries Ltd on Friday settled at ₹ 2,690.20 apiece on the BSE, down 1.94 per cent from the previous close.
