Shares of Grasim Industries rose 3.02% to Rs 3,060.70 on the NSE on Thursday after the Aditya Birla Group flagship reported strong Q4 FY26 earnings along with aggressive growth guidance for its paints and B2B businesses.
The rally in the stock came after Grasim Industries reported a 31% year-on-year rise in consolidated adjusted profit after tax (PAT) to Rs 2,041 crore for the March quarter. Consolidated revenue from operations increased 15% YoY to a record Rs 51,101 crore, while EBITDA rose 22% to an all-time high of Rs 8,011 crore.
The board also recommended a final dividend of Rs 10 per equity share of face value Rs 2 for FY26.
Investor sentiment was further supported by management commentary around Birla Opus, the company’s decorative paints business. During the earnings concall, management guided for high double-digit revenue growth in FY27 and said Birla Opus is targeting Rs 10,000 crore in profitable revenue by FY28.
Management also reiterated its ambition of making Birla Opus the number two player in India’s decorative paints industry over the coming years.
Another key focus area was Birla Pivot, Grasim’s B2B materials marketplace business. The company said Birla Pivot is targeting EBITDA breakeven by the end of FY27, with management indicating that profitability could come even earlier depending on growth momentum.
UltraTech Cement, Grasim’s key subsidiary, also remained in focus after management reaffirmed plans to expand cement capacity to over 240 million tonnes per annum by March 2028.
The company further clarified that it intends to maintain more than 50% ownership in both UltraTech Cement and Aditya Birla Capital, addressing concerns related to capital allocation and holding company discount.
The combination of record quarterly revenue, strong EBITDA growth, Birla Opus expansion plans and long-term capacity guidance from UltraTech Cement boosted investor confidence in the stock.
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