Grasim Industries Ltd.Record Revenue, Birla Opus Gains Share

Grasim Industries reported record consolidated revenue of ₹48,716 Cr in Q1 FY27, up 21% year on year and the 24th straight quarter of growth.

Standalone revenue grew 28% to ₹11,795 Cr and standalone EBITDA more than doubled to ₹1,094 Cr. Birla Opus paints grew revenue 64% to ₹1,661 Cr and gained another 30 bps of share to hold its number three position, even as phased price increases of 8.8% absorbed an unprecedented raw material cost shock; management guides to over 50% revenue growth for FY27 and ₹10,000 Cr by FY28. Birla Pivot revenue rose 75% to ₹2,548 Cr and remains on track for EBITDA break-even by the FY27 exit.

UltraTech added 8.7 million tons of capacity, lifted volumes 12% and delivered EBITDA of ₹5,146 Cr. Consolidated net debt to EBITDA improved to 1.45x. Management flagged Q2 pressure from channel destocking in paints, volatile chemicals markets and a new 0.25% brand royalty from 1 June, and plans ₹3,157 Cr of standalone capex in FY27.