Grasim Industries reported a strong set of earnings for the fourth quarter of FY26, with consolidated adjusted profit after tax rising 31 percent year-on-year to Rs 2,041 crore, supported by record revenue and EBITDA performance across key businesses including building materials, financial services and cellulosic fibres.


The Aditya Birla Group flagship’s consolidated revenue for the January-March quarter rose 15 percent on-year to an all-time high of Rs 51,101 crore, while EBITDA increased 22 percent to a record Rs 8,011 crore, according to the company’s earnings statement.

The board of directors also recommended a dividend of Rs 10 per equity share of face value Rs 2 for FY26. The total cash outflow towards dividend payout would be around Rs 681 crore.

The company said the strong quarterly performance was driven by superior growth in its building materials, financial services and cellulosic fibres businesses.

In the cellulosic yarns vertical, volumes of cellulosic staple fibre (CSF) improved 12 percent year-on-year. However, sales of cellulosic fashion yarn was flat, due to demand from downstream industries being muted. Overall, in the cellulosic fibres business, revenue rose 14 percent on-year, aided by volume growth and a favourable product mix, with higher CSF volumes being sold.

In the paints segment, revenue surged 52 percent year-on-year, significantly outpacing industry growth rates, the company said. On a sequential basis, revenue from paints grew by 19 percent, Grasim markets its paints products under the Birla Opus brand, with the group investing Rs 10,000 crore into the decorative paints business.

Grasim said in a release that its market share grew by around 90 basis points sequentially during the quarter, cementing its third position in the market. During the quarter, the company undertook price hikes for Birla Opus, as it has done in the ongoing quarter, in order to offset increase in the cost of inputs following the West Asia crisis that sent crude oil prices soaring.

The chemicals business also delivered operational strength, with caustic soda sales volumes rising 11 percent year-on-year to a record 321 KT during the quarter.

On the expansion front, Grasim said standalone capital expenditure for FY26 stood at Rs 1,980 crore. The company added that Phase-I of its 55 KTPA Lyocell capacity expansion project at Harihar is progressing as planned. Environmental clearance has been received, detailed engineering is nearly complete, and civil construction has commenced, with commissioning targeted by mid-2027.