Latest news with #Grasim
Time of India
12 hours ago
- Business
- Time of India
Metals lead in profit growth: Know how various sectors of Nifty 100 index performed over the last 8 quarters
Source: Reuters-Refinitiv. Numbers in brackets are the number of companies in each sector. 95 companies of the Nifty100 index are considered for the analysis. LP: Loss to profit. PL: Profit to loss. Nifty 100 index represents about 67% of the free float market capitalisation of the stocks listed on NSE at the end of March 2025. Earnings growth slows amid weak demand The weakness in consumption and demand is evident in the earnings performance of the Nifty 100 index, with 95 out of 100 companies reporting an aggregate consolidated net profit growth of just 12.7% year-on-year. While the performance appears better when compared to the December 2024 quarter, with 10.9% growth, there is a marked decline compared to the 23.5% growth in the March 2024 quarter. The metals sector, particularly steel companies, delivered strong performance driven by lower raw material costs and a seasonal rise in demand from the construction industry. In contrast, the construction materials (cement) sector faced headwinds from both demand and rising costs. However, the sector's overall growth was supported by solid earnings from Grasim and UltraTech Cement . The banking sector's performance was dragged down by IndusInd Bank , which reported a consolidated net loss amid higher provisions and lower interest income. The financials sector reported a modest performance, aided by healthy growth in disbursements. The IT sector continues to see challenges amid global uncertainties. The sector is seeing stress in multiple verticals, including manufacturing, automotive, retail, and logistics. Live Events The consumer staples sector showed mixed results—rural demand improved, but urban slowdown and input cost pressures weighed on performance. A 210% profit jump in the Nifty 100 was largely driven by ITC 's exceptional gains from its hotel business sale. Among the largest five heavyweight stocks of the Nifty 100 index, Bharti Airtel , ICICI Bank and HDFC Bank reported the highest year-on-year growth in the consolidated net profits of 432%, 15.7% and 6.9% respectively.
Time of India
6 days ago
- Business
- Time of India
Grasim Inds Share Price Live Updates: Grasim Industries reports negative returns for the month
03 Jun 2025 | 08:41:35 AM IST Stay up-to-date with the Grasim Inds Stock Liveblog, your trusted source for real-time updates and thorough analysis of a prominent stock. Explore the latest details on Grasim Inds, including: Last traded price 2524.1, Market capitalization: 171785.34, Volume: 1209305, Price-to-earnings ratio 43.02, Earnings per share 58.67. Get a comprehensive understanding of Grasim Inds with our coverage of both fundamental and technical indicators. Stay informed about breaking news that can have a significant impact on Grasim Inds's performance. Our expert opinions and recommendations empower you to make well-informed investment choices. Trust the Grasim Inds Stock Liveblog to keep you informed and equipped in the dynamic market landscape. The data points are updated as on 08:41:35 AM IST, 03 Jun 2025 Show more
Mint
29-05-2025
- Business
- Mint
Intense competition hurts paint companies' profitability; more pain in the offing
Competition in India's paints sector is becoming cut-throat amid subdued demand. To protect their market share, incumbent paint companies are enhancing brand visibility and distribution, hurting the sector's profitability. The aggregate Ebitda margin of five key listed paint makers fell year-on-year for the fifth consecutive quarter in Q4FY25, showed IIFL Securities data. The reading declined 123 basis points (bps) year-on-year to 15.9%. This means the benefit of benign input cost, which aided gross margin expansion, was offset by higher operating costs. Other expenses and staff costs in Q4FY25 increased almost 110bps and 50bps year-on-year, respectively, according to IIFL. Also read: LIC's growth perils curb stock's valuation Asian Paints Ltd led the decline in the sector's profitability. Its Ebitda margin eroded by 219 basis points year-on-year in Q4FY25, hurt by higher marketing expenses. Operating margins of Kansai Nerolac Paints Ltd and Akzo Nobel India Ltd also contracted. With competition expected to remain intense, Asian Paints has said it will focus on strengthening brand salience. New kid on the block Grasim Industries Ltd's Birla Opus is catching up quickly. Grasim's management claims Birla Opus has become the third-largest brand in the Indian decorative paints industry less than six months after it began pan-India operations. So far, Birla Opus has launched a range of 176 decorative products with more than 1,250 stock keeping units (SKUs) across categories. Also read: NTPC's project execution delays remain its Achilles heel With the launch of its fifth plant at Mahad in Maharashtra, Birla Opus's overall capacity has risen to 1,096 million litres per annum (mlpa) – representing a 21% share of the organised paints sector – of the planned total capacity of 1,332 mlpa. Grasim has maintained its revenue guidance of ₹10,000 crore within three years of full-scale operations – that is, by FY28. Birla Opus achieved its target of high-single-digit market share and is targeting double-digit market share in FY26. Besides, the recent acquisition of Akzo Nobel India Ltd by JSW Paints Ltd could fuel competition further. Some are bucking the trend – but for how long? On the other hand, Berger Paints India Ltd and Indigo Paints Ltd saw their Q4FY25 operating margins expand year-on-year. Cost control measures helped Berger, while Indigo's margin got a boost from a reduction in ad spends, but this is not sustainable in a dynamic industry. Berger's management acknowledged an increase in competitive intensity. Now, despite Birla Opus opening a plant in east India – a key market for Berger – the latter doesn't expect any major change in its market share. Grasim's sixth plant at Kharagpur in West Bengal will be commissioned in the first half of FY26, with trial production likely to commence in Q1FY26. Paint companies are defending their turf with price cuts, but more is required. 'Dealers' checks show that Grasim has priced products 5-10% lower than peers in some categories, so incumbents will need a lower pricing to beat that. Paint companies took around 5-12% price cuts in FY25 and we expect more price cuts in FY26," said Amit Agarwal, senior vice president, fundamental research, Kotak Securities. Profitability for the sector could remain under pressure in FY26 and FY27, with competition likely to peak in FY27, he cautioned. Also read: JK Cement beats peers on a critical parameter, but watch out for party poopers 'In FY25, operating margin of established paint companies at an aggregate level is estimated to have declined by 300 basis points year-on-year to around 17%," said Poonam Upadhyay, director, Crisil Ratings. She anticipates an additional compression of 100-150 bps in FY26. Another round of de-rating? Meanwhile, paint stocks have delivered mixed returns over the past year. Asian Paints and Berger stocks both trade around 50 times estimated FY26 earnings, showed Bloomberg data. Valuations have moderated, especially since Grasim's entry led to a de-rating in paint stocks. Demand for decorative paints is likely to remain muted in H1FY26, owing to an earlier-than-expected monsoon. If demand fails to improve in H2FY26 (the festive season), paint stocks could see another round of de-rating.
Time of India
29-05-2025
- Business
- Time of India
Grasim Inds Share Price Live Updates: Grasim Industries' closing value
29 May 2025 | 08:41:58 AM IST Join us on the Grasim Inds Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about Grasim Inds, including: Last traded price 2577.6, Market capitalization: 175426.45, Volume: 849149, Price-to-earnings ratio 43.94, Earnings per share 58.67. Our liveblog provides a well-rounded view of Grasim Inds by incorporating both fundamental and technical indicators. Be the first to receive breaking news that can impact Grasim Inds's performance in the market. Our expert analysis and recommendations empower you to make informed investment choices. Stay informed and stay ahead with the Grasim Inds Stock Liveblog. The data points are updated as on 08:41:57 AM IST, 29 May 2025 Show more
Business Upturn
26-05-2025
- Business
- Business Upturn
Grasim Industries shares rise 1.5% as Jefferies reaffirms ‘Buy' rating, sees 23% upside
By Aditya Bhagchandani Published on May 26, 2025, 09:26 IST Shares of Grasim Industries Ltd rose nearly 1.5% in early trade on Monday to Rs 2,685.40, after global brokerage Jefferies maintained its 'Buy' rating on the stock and set a target price of Rs 3,280, implying an upside of 23.5% from the previous close of Rs 2,659.40. Despite a weaker-than-expected Q4 performance, primarily due to softness in the VSF (Viscose Staple Fibre) and chemicals segments, Jefferies remains positive on Grasim's long-term growth trajectory. The brokerage highlighted that Grasim is making rapid progress in its new business verticals: The paints segment is scaling well, with Jefferies expecting Grasim to secure high market share in the structured distribution space by FY25-end. Its B2B e-commerce venture is also advancing toward a $1 billion revenue target, a key milestone for the company. Jefferies noted that successful execution in the paints business could serve as a key trigger for valuation re-rating in the medium term. Grasim currently holds a market capitalization of Rs 1.82 trillion, a P/E ratio of 48.46, and a dividend yield of 0.37%. 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.
