Grasim Industries Ltd.Record Growth Across Diversified Portfolio

Grasim Industries delivered a stellar Q3 FY26 with consolidated revenue surging 25% year-on-year to a record ₹44,312 crores, while standalone revenue jumped 28% to ₹10,432 crores.

Consolidated EBITDA grew 33% to ₹6,215 crores, demonstrating robust operational performance. Birla Opus, the company's paint venture, gained 300 basis points market share year-on-year with impressive 70% volume growth, reaffirming its ₹10,000 crore revenue target by FY28 and aiming for profitable number two position within three years. Birla Pivot exceeded FY27 guidance early, achieving ₹8,500 crore annualized revenue run rate with breakeven expected by FY27 exit.

Two landmark private equity deals materialized: Advent International invested ₹2,750 crores in Aditya Birla Housing Finance at ₹19,250 crore valuation, while GIP-BlackRock committed up to ₹3,000 crores in renewables business valued at ₹14,600 crore enterprise value. UltraTech maintained strong momentum with ₹1,051 EBITDA per ton, progressing toward 240.8 mtpa capacity by March 2028. Management positioned Grasim as a diversified proxy for India's structural growth story.