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Grasim Industries Ltd on Tuesday (February 10) reported a net profit of ₹1,037 crore for the third quarter, up 26.5% from ₹820 crore in the corresponding quarter last year.
Revenue for the quarter rose to ₹44,312 crore from ₹35,378 crore in the year-ago period, marking a 25.3% increase, driven by robust performance across businesses
EBITDA for the quarter was ₹8,925 crore, compared with ₹6,803 crore in the same quarter last year, up 31.2%, supported by favourable operating leverage and improved cost efficiencies. The EBITDA margin for the quarter stood at 20.1%, compared with 19.2% in the corresponding quarter of the previous year.
Consolidated adjusted PAT grew 42% YoY to ₹1,168 crore. The trailing twelve months (TTM) consolidated revenue stood at ₹1,68,597 crore, up 14% compared with FY25.
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Standalone revenue for the quarter crossed ₹10,000 crore, reaching ₹10,432 crore, up 28% YoY, supported by strong growth in paints and B2B e-commerce, along with stable performance in core businesses such as cellulosic fibres and chemicals.
Standalone EBITDA was ₹585 crore, up 57% YoY, driven by superior performance in cellulosic fibres and textiles, partially offset by initial investments in new businesses Birla Opus and Birla Pivot, which are on a roadmap for profitable growth.
Cellulosic fibres segment
Inventory levels declined to 12 days in 9MFY26. CSF sales volumes grew 7% YoY to 219KT, while specialty sales volumes increased 31% YoY. CFY performance remained flat due to subdued downstream demand and pricing pressure from low-cost imports from China. Cellulosic fibres segment revenue stood at ₹4,298 crore, up 9% YoY, with EBITDA at ₹491 crore, up 48% YoY.
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The chemicals segment, comprising chlor-alkali, chlorine derivatives, and specialty chemicals, saw domestic caustic realisations remain stable despite international spot prices falling to a two-year low of $443/ton. Caustic sales volumes reached a record 313 KT, up 4% YoY.
Overall, chemicals revenue grew 5% YoY to ₹2,345 crore, while specialty chemicals revenue increased 10% YoY. EBITDA declined 4% YoY to ₹315 crore due to lower ECU and reduced profitability in specialty chemicals.
The building materials segment, covering cement, paints, and B2B E-commerce, reported revenue of ₹25,173 crore, up 30% YoY, with EBITDA at ₹3,737 crore, up 33% YoY. Cement business volumes reached 38.87 MT, up 15% YoY, with the UltraTech brand growing 22.3% YoY.
Ready-mix concrete sales volumes rose 25% YoY to 3.96 Mn m³. UltraTech Building Solutions expanded to 5,290 outlets, contributing 20.4% of total domestic grey cement sales volume. The green power mix for Q3FY26 stood at 42.1%, targeting 85% by FY30. Cement revenue was ₹21,830 crore, up 23% YoY.
The paints business, Birla Opus, accelerated market share gains in Q3FY26, with combined revenue (Birla Opus and Birla Putty) expanding over 300 bps YoY, strengthening its No. 3 industry position. Birla Opus, the second-largest player by capacity (24%) in the decorative paints market, steadily increased capacity utilisation across manufacturing plants.
The B2B e-commerce business, Birla Pivot, crossed an annualised revenue run-rate of ₹8,500 crore, surpassing FY27 guidance ahead of schedule, driven by growth in non-ferrous, chemicals, and bitumen categories.
The financial services business, Aditya Birla Capital, reported revenue growth of 27% YoY to ₹11,948 crore. The overall lending portfolio increased 30% YoY to ₹1,90,386 crore, and total AUM grew 19% YoY to ₹5,98,166 crore.
The business offers services across branches, digital platforms, and partners, with its D2C platform, ABCD (Aditya Birla Capital Digital), providing 26+ products and services and reaching 9.3 million customers as of January 2026. Udyog Plus, a B2B platform for MSMEs, continued scaling with a total AUM of ₹5,000+ crore.
Shares of Grasim Industries were trading over 0.99% higher at ₹2,955 on the BSE today, February 10.
