Grasim

Grasim Industries Ltd, the flagship company of the Aditya Birla Group, on Monday said it will invest Rs 3,094 crore on expansion of its Lyocell capacity at Harihar, Karnataka, under phase II. The Board of Directors of Grasim Industries, a global leader in cellulosic fibres in a meeting on Monday, approved a capex of Rs 3,094 crore to expand Lyocell capacity at Harihar, Karnataka. This will be financed through a "mix of internal accrual and borrowed funds." It will support Grasim to participate in the growing global demand for sustainable and high-performance textile materials. Lyocell is a semi-synthetic fibre widely used across apparel, home textiles, and technical textile applications. Under this, Grasim will set up a 110K TPA (2 lines of 55K TPA) each, in which the first line is expected to be commissioned by 2028, and the second line by 2030. This additional capacity will complement the phase I Lyocell plant of 55K TPA currently under construction at Harihar, which is expecte

Rakshit Hargave, who resigned as the CEO of Birla Opus Paints, is set to take over as ED and CEO of Britannia Industries

Driven by robust demand in cement and chemicals and expansion in paints and B2B e-commerce, Grasim Industries' Q2FY26 profit rose sharply to ₹553 crore on ₹39,900 crore in revenue

The company said the appointment of Hargave's successor will be announced in due course. In the meantime, MD Himanshu Kapania will directly oversee the paints business

Grasim Industries' market cap approaches ₹2 trillion as Birla Opus gains share, Pivot scales in e-commerce, UltraTech cements lead, and green businesses expand

Grasim has taken support at its rising trendline and rebounded with a strong bullish candle backed by volumes, reflecting buyers' interest at key support levels

Grasim Industries rose 3 per cent as analysts raised the target price after it reported a profit growth 32 per cent increase in Q1FY26

Profit rose to ₹1,419 crore in Q1FY26 aided by cement and chemicals, while paints and B2B e-commerce saw strong traction despite upfront investment drag

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Investors and analysts are betting on a fast ramp-up in paints division and its e-commerce venture of selling construction goods

The allegations against Asian Paints include restricting dealers from doing business with Grasim's Birla Opus

Grasim, Ashok Leyland and HDFC AMC are among the top stock calls for Friday (May 16), according to Motilal Oswal's Ruchit Jain

In the quarter under review, Grasim's consolidated net profit stood at Rs 899 crore, against Rs 1,514.4 crore a year ago

L&T, Grasim, UltraTech raise funds via 10-year bonds

Aditya Birla Group flagship holding firm Grasim Industries Ltd on Thursday reported a 45.64 per cent decline in consolidated net profit to Rs 1,100.16 crore for the September quarter, impacted by lower profitability in the cement business and investments in the Building Materials and Renewables businesses. The company had posted a net profit of Rs 2,024.05 crore during the July-September period a year ago, according to a regulatory filing by Grasim Industries -- the holding firm for leading group companies such as UltraTech, Aditya Birla Capital, and Aditya Birla Renewables. Its revenue from operations was up 11.05 per cent to Rs 33,562.85 crore during the quarter under review from Rs 30,220.68 crore a year earlier. The revenue growth was "driven by the superior performance of financial services, cellulosic staple fibre and specialty chemicals businesses", Grasim Industries said in an earning statement. However, consolidated EBITDA declined "as a result of lower profitability in th

Flagship entities of groups such as L&T, Vedanta, Grasim & Adani reported double-digit employee turnover in FY24

Speaking at the company's 77th Annual General Meeting, Kumar Mangalam Birla said that Grasim Industries invested Rs 7,000 crore in its paints business

For FY24, Aditya Birla Group's flagship company, Grasim Industries' board of directors has proposed a dividend of Rs 10 per equity share, amounting to a total cash outflow of Rs 669 crore

Grasim Industries to invest Rs 4,553 crore in FY25

On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare