Grasim Industries Net Profit Triples to Rs 2,306 Crore

One-time loss impacts Canadian joint venture

NDTV Profit reported a one-time loss of ₹825 crore for the quarter. This loss resulted from the temporary idling of the company's Canadian joint venture with AV Group NB Inc.

Grasim Industries plans to invest ₹625 crore in a rights issue for this Canadian joint venture.

EBITDA growth and other income figures

EBITDA, a measure of operating earnings, grew 35% to ₹494 crore during the quarter, compared to ₹366 crore a year earlier.

The Economic Times reported a 158% year-on-year jump in EBITDA to ₹4,615 crore for the quarter. Other income reached ₹4,121 crore, up from ₹1,419 crore in the previous year.

Birla Opus and UltraTech cement performance

The decorative paints business, Birla Opus, reported a 35 percent year-on-year revenue increase to ₹1,337 crore for the quarter. Revenue for the first half of fiscal year 2027 reached ₹2,999 crore, representing a 50 percent growth compared to the same period last year.

Volume growth for Birla Opus reached 20 percent year-on-year for the second quarter and 33 percent for the first half of the fiscal year. The business, alongside Birla White Putty, maintained a market share in the early teens.

UltraTech, the company's cement segment, recorded a 19 percent year-on-year revenue increase to ₹23,295 crore during the quarter. Sales volumes for cement rose nearly 13 percent, while ready-mix concrete volumes increased 23 percent to 4.7 million cubic metres.

The company expanded its grey cement capacity by 4.6 million tonnes per annum, bringing the total capacity to 210.1 million tonnes per annum.

Capex and green energy initiatives

Grasim utilized 46.4 percent green power in its energy mix during the second quarter of fiscal year 2027.

The firm allocated nearly 45 percent of its ₹3,157 crore capital expenditure budget for fiscal year 2027 toward growth projects. Total capital expenditure incurred during the first half of the year reached ₹1,022 crore.

Other business segments contribution

Other business segments within Grasim generated revenue of ₹1,158 crore, marking a 16 percent increase compared to the previous year. These units reported an EBITDA of ₹284 crore, reflecting a 14 percent year-on-year growth.

Market reaction and stock performance

Shares of Grasim Industries fell approximately 2 percent to ₹3,053 on the National Stock Exchange following the earnings announcement on November 13, 2026. The company's stock has declined about 6 percent over the past week.

Despite recent movement, the shares have risen 5 percent over the past month and 7 percent so far in 2026. The Aditya Birla Group flagship company has seen its stock value increase by approximately 10 percent over the past year.

The company's market capitalisation currently exceeds ₹2.06 lakh crore.