Grasim Industries Limited — PPTs, 05-11-2025: Investor Presentation

Grasim showed strong Q2FY26 performance!

**Business Performance & Key Metrics:** Consolidated revenue jumped 17% YoY to ₹39,900 Cr, with EBITDA up 29% YoY to ₹5,217 Cr, driven mainly by strong Cement & Chemicals. Cement (UltraTech) volume rose 6.9% YoY, with EBITDA/ton jumping 32% to ₹966. Chemicals revenue grew 17% YoY, with EBITDA up 34% from higher volumes and realizations. Financial Services' lending portfolio expanded 29% YoY to ₹1,77,855 Cr. While investments in the new Paints business partially offset profits and Cellulosic Fibres saw a temporary volume dip, Net Debt to TTM EBITDA (ex-financial services) improved to 1.69x.

**Growth & Strategy:** Grasim is scaling up for future growth. Cement capacity aims for 240.8 Mtpa by Mar-28. The Paints business (Birla Opus) launched its 6th plant in Kharagpur, capturing ~24% market capacity share and expanding fast. Chemical projects (Lubrizol CPVC & ECH) are nearing Q3FY26 completion, enhancing chlorine integration. B2B E-commerce (Birla Pivot) is targeting ₹8,500 Cr. revenue by FY27. Key focus: market leadership, innovation, sustainability.

**Management Outlook:** As a 'proxy play on India’s growth story,' Grasim is focused on scaling growth engines across its diverse portfolio with continued investment in high-growth areas.