Grasim Q1 FY27: Revenue Surges 21% to ₹48,716 Crore, Paints Business Grows 64%
Grasim Industries reported Q1 FY27 revenue of ₹48,716 crore, up 21% YoY. Paints business revenue rose 64% YoY to ₹1,661 crore. B2B e-commerce revenue grew 75% YoY to ₹2,548 crore. Cement capacity reached 205.5 million tons. Aditya Birla Capital raised ₹4,000 crore equity.
The strong revenue growth, record performance in key segments, and strategic expansions in paints, B2B, and cement businesses are material developments that are likely to significantly impact the company's market position and financial performance.
The company reported record revenues, strong growth across key segments like paints and B2B e-commerce, and significant capacity expansion in cement, indicating a positive financial performance and outlook.
Grasim Industries Limited announced its financial results for the first quarter of FY27, reporting a record revenue of ₹48,716 crore, a significant 21% increase year-on-year. This marks the 24th consecutive quarter of year-on-year revenue growth, highlighting sustained performance across its diverse business segments.
The company's standalone revenue also demonstrated robust growth, increasing by 28% year-on-year to ₹11,795 crore, with EBITDA more than doubling by 107% to ₹1,094 crore. This indicates improving profitability and scalability of the standalone portfolio.
The paints business, Birla Opus, continued its strong momentum, achieving a revenue of ₹1,661 crore, up 64% year-on-year and 17% sequentially. The company has strengthened its position as India's third-largest decorative paints brand by revenue and is rapidly expanding its distribution network and dealer base.
Birla Pivot, the B2B e-commerce business, reported a revenue growth of 75% year-on-year, reaching ₹2,548 crore, with an annualized run rate exceeding ₹10,000 crore. The business is focused on deepening its product categories and strengthening its private label offerings.
In the cellulosic fibers segment, revenue grew by 12% year-on-year to ₹4,530 crore, driven by strong global prices and favorable product mix, despite a 4% decrease in sales volumes due to planned maintenance and subdued downstream demand.
The chemicals segment saw a revenue growth of 10% year-on-year to ₹2,640 crore, supported by improved realizations in caustic soda, chlorine derivatives, and specialty chemicals. The company is also progressing with its downstream integration plans.
The cement business, UltraTech, added 8.7 million tons of capacity, bringing the total to 205.5 million tons. Consolidated sales volume grew by 12% year-on-year to 41.31 million tons, with consolidated EBITDA also increasing by 12% to ₹5,146 crore.
Aditya Birla Capital delivered a strong performance, with its lending portfolio growing 32% to nearly ₹2,20,000 crore and housing finance crossing ₹50,000 crore. The company also raised ₹4,000 crore in equity capital to accelerate growth.
Grasim Industries Limited has implemented a royalty payment of 0.25% of standalone revenue to Birla Holdings, effective from June 2026, with an upper cap of ₹225 crore.
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