Grasim Industries Limited — PPTs, 10-02-2026: Investor Presentation

Grasim Industries delivered strong Q3FY26 results. Consolidated Revenue reached ₹44,312 Cr (+25% YoY), EBITDA ₹6,215 Cr (+33% YoY), and Adjusted PAT surged 42% to ₹1,168 Cr.

**Business Performance:** Growth was primarily driven by Cement (volumes up 15% YoY), Paints, and B2B E-commerce. Cellulosic Fibres saw 9% revenue and 48% EBITDA growth due to higher exports and reduced input costs. Financial Services revenue climbed 27%, with its lending portfolio growing 30% YoY. Chemicals revenue rose 5%, though EBITDA dipped 4% due to softer prices.

**Growth Drivers & Strategy:** Grasim is aggressively expanding Cement capacity, targeting 240.8 mtpa by March 2028. Birla Opus Paints is rapidly gaining market share (now #3), outpacing industry growth by 3x. Birla Pivot, the B2B E-commerce platform, is set to exceed its FY27 revenue guidance of ₹8,500 Cr annual run-rate (ARR) by expanding its customer base and credit programs.

**Recent Developments:** Birla Opus opened 145 depots, targeting 1,000 retail outlets and 50,000 dealers. Aditya Birla Housing Finance successfully raised ₹2,750 Cr growth capital.

**Management Outlook:** Birla Opus and Birla Pivot are in investment phases with clear roadmaps for profitable growth. Green power now accounts for 42.1% of Cement's energy mix, showcasing ongoing sustainability efforts.