Grasim Industries, part of the Aditya Birla Group, has reported a net profit of Rs 33.94 per cent to Rs 2,767.08 crore, up from Rs 2,065.97 crore in the same quarter last year.
In its first quarter results ending June 30, the company reported revenue of Rs 40,118.08 crore, up 15.94 per cent from Rs 34,609.75 crore in Q1 FY25.
Key highlights from across the verticals: UltraTech, Birla Opus, and Birla Capital
UltraTech sales volumes rise 9.7 per cent
The cement arm, UltraTech, posted a 9.7 per cent rise in sales volumes to 36.83 million tonnes, with operating EBITDA per tonne up 37 per cent to Rs 1,248. UltraTech’s green power mix improved to 39.5 per cent, with a target of 85 per cent by FY30.
Birla Opus records double-digit sequential growth
The company’s Decorative Paints business, Birla Opus reported double-digit sequential growth in decorative paints revenue, making it the third-largest organised brand in the segment as per internal estimates. Its network now spans over 8,000 towns.
Birla Pivot eyes ₹8,500 crore revenue by FY27
The B2B e-commerce platform Birla Pivot continued its growth momentum, adding new customers and expanding into categories such as non-ferrous materials, bitumen, chemicals, tiles and plywood. It is aiming for Rs 8,500 crore in revenue by FY27.
Chemicals EBITDA up 36 per cent; Aditya Birla Capital loan book grows 30 per cent
The chemicals business saw EBITDA grow 36 per cent year-on-year, supported by improved realisations in caustic soda and better profitability in chlorine derivatives. The cellulosic fibres segment reported 7 per cent higher revenue, though EBITDA fell 20 per cent due to higher input costs.
Aditya Birla Capital, the lending portfolio of the company (NBFC and HFC), grew 30 per cent year-on-year to Rs 1,65,832 crore, while total assets under management rose 20 per cent to Rs 5,53,504 crore.
Grasim’s EBITDA rises 36 per cent
Consolidated EBITDA climbed 36 per cent year-on-year to Rs 6,430 crore. This was mainly driven by higher profitability in the cement and chemicals segments, which offset initial investments in building Birla Opus, its consumer-facing paints brand.