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Grasim Industries
Grasim Industries is set to reach a consolidated revenue of Rs 2 lakh crore in FY27, nearly double the level five years ago, driven by a diversified portfolio spanning building materials, financial services, digital commerce and renewable energy, its Chairman Kumar Mangalam Birla said. Grasim, the holding company of the flagship Aditya Birla Group firms such as UltraTech Cement, Aditya Birla Capital, Birla Opus, Aditya Birla Renewables and Birla Pivot, had reported its "highest-ever" consolidated revenue of Rs 1.75 lakh crore in FY26. Grasim, which will complete 80 years of incorporation on August 25, now operates 10 business lines and has a "market capitalisation exceeding Rs 2 trillion", Birla said on Friday at the holding firm's 79th annual general meeting. He said the composition of Grasim's earnings is becoming increasingly balanced, with established businesses generating strong cash flows even as newer growth engines scale up rapidly. "This gives us confidence that, in FY27,
Grasim Industries Ltd on Wednesday reported 38.8 per cent rise in consolidated net profit at Rs 3,846.28 crore for June quarter FY27 driven by stronger operating performance across businesses. It had posted a net profit of Rs 2,770.63 crore for April-June FY26, according to a regulatory filing by Grasim Industries, a holding firm for Aditya Birla group companies such as UltraTech, Aditya Birla Capital and Aditya Birla Renewables. Revenue from operations of Grasim Industries was up 21.43 per cent to Rs 48,716.20 crore in June quarter FY27. Revenue growth was "driven by strong all-round performance across its diversified business portfolio. EBITDA was the highest-ever at Rs 8,077 crore, up 26 per cent YoY, driven by revenue-led growth and cost efficiencies across businesses," said Grasim in its earnings statement. Total expenses were 19.62 per cent higher in the June quarter to Rs 43,851.12 crore. Grasim's revenue from its Cellulosic Fibre business was up 12 per cent to Rs 4,530.25
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
Appellate tribunal NCLAT on Tuesday set aside a Rs 301.6-crore penalty imposed on the Grasim Industries by CCI, directing the fair trade regulator to hear the Aditya Birla Group firm again over its alleged dominance in the viscose staple fibre (VSF) market. The tribunal observed that the CCI did not provide a chance to Grasim Industries to present their arguments, after it differed from the findings of DG, its probe Unit. The Competition Commission of India (CCI) had imposed a penalty on Grasim Industries in March 2020 for allegedly abusing its dominant position with respect to supply of VSF to spinners in India in which it has a dominant position. The order was challenged by Grasim before the NCLAT, which is also an appellate authority over CCI, which asked the regulator to hear afresh. A two-member National Company Law Appellate Tribunal (NCLAT) bench said the CCI itself has "differed from findings of the DG", its probe unit, regarding their directions for disclosure of ...