Grasim Industries Limited — Updates, 14-11-2024: Press Release

Consolidated revenue for Grasim Industries reached ₹33,563 Cr., marking an 11% year-on-year increase, driven by strong performances in Financial Services, Cellulosic Staple Fibre, and Specialty Chemicals. However, EBITDA declined by 10% to ₹4,042 Cr. due to lower profitability in the Cement segment and investments in the new Paints business under the 'Birla Opus' brand. The total lending portfolio in Financial Services rose 27% YoY to ₹1,37,946 Cr., with AUM exceeding ₹5,00,000 Cr., showing solid growth. The Cement segment added 9.9 Mn TPA grey cement capacity, bringing total capacity to 156.1 Mn TPA. The company maintains a positive outlook, leveraging diverse growth opportunities in a rapidly expanding economy.