Sign in to fuzzto save your conversations, follow your research and come back anytime.
Grasim Industries
SectorConstruction Materials
Grasim Industries Limited is a flagship company of the Aditya Birla Group and a major player in India's private sector. It is a global leader in Viscose Staple Fibre (VSF) production, India's largest chemicals producer, and the country's largest cement manufacturer through its subsidiary UltraTech Cement. The company operates in multiple segments including Cellulosic Fibres, Chemicals, Building Materials, and Financial Services. Grasim's chemical business produces caustic soda and chlorine derivatives, while its cement division offers grey cement, white cement, and ready-mix concrete. The company has a significant presence in financial services through Aditya Birla Capital Limited. Grasim has expanded its portfolio to include paints and B2B e-commerce, and has undertaken various capacity expansions and acquisitions to strengthen its market position across different business segments.
In the news
Aditya Birla Group's $30 Billion Gamble in a Volatile World
HDFC Securities Picks Siemens Energy, Grasim Industries for Short-Term
HDFC Bank Down 26% YTD Amid Governance Crisis, Q2 Results Due Oct 17
Motilal Oswal Sets Grasim Target at ₹3800
Grasim emerges as ICICI Securities' preferred cement pick amid market decline
Aditya Birla's ₹14,000 Crore Renewable Gamble
Grasim Targets ₹2 Lakh Crore Revenue in FY27, Crosses ₹2 Trillion Market Cap
6 stocks experts recommend for short-term gains
Aditya Birla Group's Brand Royalty: Governance Shift with Minimal Financial Impact
Grasim Q1 Beats Estimates; Motilal Oswal Maintains Buy Rating
Grasim Industries Q1FY27 Results: ₹2,146 Cr PAT, Shares Fall 1.71%
Grasim Industries shares fall 2.14% amid mixed financial performance
Grasim Industries Q1 FY27 Results: Profit Surges 39% to ₹3,846 crore
Grasim Industries Shares Rise 2.03% to ₹3,390.60 Amid Dividend
SC Upholds NCLAT Order, Sets Aside ₹301 Cr Grasim Penalty
Grasim Industries Q1 FY27 results on Aug 12 amid strong sector performance
Regulatory Compliance, Capital Allocation, and Earnings Performance: A Cross-Sector Analysis
Grasim Industries in focus as oil prices surge 7.8%, retail inflation hits 4.38%
Aditya Birla Renewables' $1.8B Sprng Energy Deal: Scale, Synergy & Strategy
Grasim shares fall 1.6% despite brokerage support for ₹17,200 cr Shell deal
The Quarter story
The two most recent quarterly results, compared side-by-side.
Grasim delivers strong earnings and revenue growth across core segments, while rising net debt and selective capex cuts warrant attention.
Financial Services AUM grew from ₹5,53,504 Cr in Q1 FY26 to ₹7,52,745 Cr in Q1 FY27 — strong asset accumulation
Consolidated Net Debt rose from ₹35,138 Cr in Q1 FY26 to ₹39,877 Cr in Q1 FY27 — increased leverage pressure
Cement Green Power Mix rose from 39.5% in Q1 FY26 to 45.6% in Q1 FY27 — steady sustainability progress
Chemicals capacity expansion capex dropped from ₹55 Cr in Q1 FY26 to ₹14 Cr in Q1 FY27 — scaled-back upgrades
Cellulosic Fibres inventory days fell from 20 in Q1 FY26 to 7 in Q1 FY27 — improved supply chain efficiency
Caustic Soda sales volume fell from 303 MT in Q1 FY26 to 284 MT in Q1 FY27 — demand softening
Paints retail outlets expanded from 400 in Q1 FY26 to 1,450 in Q1 FY27 — rapid channel scaling
Standalone Net Debt jumped from ₹7,153 Cr in Q1 FY26 to ₹9,899 Cr in Q1 FY27 — higher parent borrowing
Company insights, generated from the most recent coverage.
Grasim's debt-servicing headroom partly depends on dividend timing from its UltraTech stake — a recurring cash source outside its own operations that management itself flagged when discussing net debt.
Bank commitments of ₹24,000 Cr against ₹14,000 Cr sought — a 70% oversubscription — is the cleanest read on lender confidence in the Aditya Birla credit profile, and it prices at 7.6–7.7% on 12–20 year tenors.
Axis Bank and SBI each committed up to ₹7,000 Cr, Union Bank and PNB about ₹5,000 Cr each, with HDFC and Kotak still in talks — a deep, diversified lender book rather than a single underwriter, a change from the June plan where Axis was to underwrite the full amount.