Grasim Industries Ltd (LUX:GRA99)

Q3 2026 Grasim Industries Ltd Earnings Call Transcript

Feb 10, 2026 / 05:30 AM GMT

Release Date Price: $34

Transcript

Key Points

Positve

Grasim Industries Ltd (BOM:500300) reported a 25% year-on-year increase in consolidated revenue for the current quarter, reaching INR 44,312 crores.
The company's paints business, Birla Opus, expanded its revenue market share by more than 300 basis points year-on-year, with sales volume rising by 70%.
Grasim's B2B e-commerce business, Birla Pivot, crossed an annualized revenue run rate of INR 8,500 crores, ahead of its FY27 target.
The company achieved a 33% year-on-year growth in consolidated EBITDA, with standalone EBITDA growing by 57%.
Grasim's renewable energy business grew by 82% year-on-year, with a strategic investment from Global Infrastructure Partners to accelerate growth.

Negative

The chemical business faced a 4% year-on-year decline in EBITDA due to lower realization and profitability in the specialty chemical segment.
The cellulosic fashion yarn business experienced subdued performance due to cheaper imports from China, creating oversupply and lower downstream demand.
Grasim's paints business faces challenges in maintaining growth momentum, needing a 40% CAGR to meet its revenue target by Q4 FY28.
The company is still in the process of executing price increases in its paints segment, with uncertain consumer and contractor response.
Interest and depreciation expenses have increased due to the capitalization of new plants, impacting overall profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GRAS.NS - Grasim Industries Ltd
Q3 2026 Grasim Industries Ltd Earnings Call
Feb 11, 2026 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Grassam Industry Limited Q3 F 526 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing and 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ankit Panchmaa, head investor relations of Classam Industries.

Thank you and over to you, Mr. Ankit.

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Unidentified_2 [2]
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