Grasim Industries Limited has announced its unaudited financial results for the quarter ended 30th September 2026, showcasing significant growth in both standalone and consolidated metrics. The company reported a record standalone revenue of ₹12,747 crore, marking a 33% year-on-year increase, driven by robust performance across its core and growth businesses. The standalone EBITDA surged by 158% year-on-year to ₹4,615 crore, bolstered by a substantial dividend income from UltraTech and a favourable product mix, despite higher input costs.
The standalone adjusted profit after tax (PAT), before exceptional items, rose dramatically by 289% year-on-year to ₹3,132 crore. The reported PAT, accounting for an exceptional charge of ₹825 crore related to impairment in its pulp joint venture, stood at ₹2,306 crore, reflecting a 187% increase from the previous year. This exceptional item pertains to the estimated exposure in AV Group NB Inc., Canada. The company’s cash profit for the quarter also saw a significant rise of 151% year-on-year, reaching ₹3,968 crore.
On a consolidated basis, Grasim Industries achieved its highest-ever quarterly revenue of ₹50,105 crore, a 26% increase compared to the same period last year. The consolidated EBITDA grew by 25% year-on-year to ₹6,513 crore. However, the consolidated adjusted PAT before exceptional items was ₹536 crore, and the reported PAT recorded a loss of ₹234 crore due to an exceptional charge of ₹767 crore, also related to the impairment in the pulp JV.
The company’s key business segments, including Cellulosic Fibres, Chemicals, and Building Materials, demonstrated resilience and growth. The Cellulosic Fibres segment reported a 29% increase in revenue, supported by volume growth and a favourable product mix. Meanwhile, the Chemicals segment saw a 15% rise in revenue, driven by growth in chlorine derivatives and caustic soda. The Building Materials segment, encompassing cement, paints, and B2B e-commerce, achieved a 23% revenue increase, with improved profitability in the cement business.
Analysts note that Grasim’s strong financial performance is indicative of its strategic focus on core and growth businesses, despite challenges such as global volatility and higher input costs. The company’s ability to maintain momentum in its key segments, coupled with strategic investments and market positioning, is expected to support continued growth. However, the impact of exceptional charges on consolidated results highlights the importance of managing joint venture risks in the future.
