Grasim Industries

“So our consistent stand has been that once we reach INR10,000 crores, we will become profitable. At this point of time, we're not changing that stand.”

“Birla Pivot remains on track to achieve EBITDA break-even by exit of FY27.”

“And you have seen that we have already inaugurated our CPVC plant, in fact we made our first commercial shipments, we made a stock exchange declaration also yesterday.”

“We are in the process of commissioning our ECH plant, so we will continue with our effort on chlorine integration.”

“I believe that our utilization rates are higher than the industry standard in India right now, so that is not something we are worried about.”

“This quarter, Birla Opus delivered revenue of INR1,661 crores, up by 64% year-on-year and 17% sequentially.”

“We've strengthened our number three position with market share gain of further 30 basis points sequentially, that is on a quarter-on-quarter basis.”

“already become one of the largest players by installed manufacturing capacity and emerged India's third largest decorative paints brand by revenue.”

“We will prioritize market share gains and we will deliver the revenues we have guided to.”

“Birla Opus has rapidly expanded its presence to 12,100 towns with more than 55,000 dealers billed at least once, and 1,450 plus exclusive branded franchise retail outlets spread over 800 towns.”

“Being a new operator, we don't have the power to be able to get extra stocking in the channel which the old operator based on their past trends have capability to get more stocking done.”

“Quarter two is unlikely to have that because the dealers are bringing down their inventories going forward.”

“but I think by quarter three it will all even out and most likely the market stock will come back to its normal level.”

“That is demand timing effect, not demand loss effect. We saw no deterioration in the health of the platform; in fact, transactions kept improving through the quarter.”

“China remains the swing factor for this industry and the signals there are constructive.”

“We chose to manage it through phased price increases rather than one blunt correction, and the cumulative impact in quarter one FY27 was 8.8% and some of the price increase impact has flown to quarter two of FY27.”

“On profitability, losses narrowed during the quarter, partly aided by lower cost carrying inventory and lower advertising spends compared to quarter four FY26 when we have invested heavily behind high-impact campaigns around the T20 World Cup and IPL.”

“Advertising spend will continue to be elevated to demand generation opportunities with higher investments expected during the seasonally stronger periods as we continue to build Birla Opus into a powerful national brand.”

“The raw material cost has increased on a COGS basis anywhere between 20% to 25% and as a percentage of revenue between 10% to 14% depending on the month.”

“The 10% removal of primer took place in the month of January and most of it was accounted for in the quarter four itself.”

“consolidated net debt to TTM EBITDA declined to 1.45 times as on 30th June 2026 compared to 1.62 times in the same period last year.”

“On standalone level, net debt increased to INR9,899 crores. This is largely due to timing difference between recent investment made in June 26 in Aditya Birla Capital and dividend to be received from UltraTech in August 26.”

“UltraTech gives healthy cash flow to us in the form of dividends.”

“Importantly, the company also strengthened its growth platform by raising INR4,000 crores of equity capital including participation from International Finance Corporation, positioning the business well to accelerate growth while maintaining a strong balance sheet and robust asset quality.”

“During quarter one FY27, Birla Opus launched 10 new products to strengthen its exclusive range for institutional franchise channels and regular products for dealer channel.”

“Grasim invested INR2,880 crores at INR356 per share, maintaining its stake in Aditya Birla Capital on a fully diluted basis.”

“Renewable we will be investing not more than INR1,000 crores in the current financial year.”

“Yes, the transaction will get consummated somewhere in December, and GIP will be participating the equity portion for this transaction will be contributed by Aditya Birla Group Grasim as well as GIP.”

“Grasim contribution will be a small number and will not have a material impact as far as Grasim is concerned from its own cash flow.”

“Having said that, second quarter we will of course be selling material from stocks which we purchased in the first quarter which were more expensive, so there will be pressure on our margins, but it's a volatile situation.”

“for example there are three refineries, large alumina refineries in the Gulf not operating, which has substantially reduced alumina demand.”

“Now as regards exports, of course there are all kind of other factors when it comes to exports whether that is the uncertainty of the tariff situation in the US, whether it is about the demand slowdown in Europe”

“We're getting bigger, we're getting stronger but of course there will be some headwinds in some quarters.”

“In quarter one FY27, we achieved highest ever revenues of INR48,716 crores with a year-over-year growth of 21%.”

“EBITDA more than doubled with a 107% growth to INR1,094 crores.”

“On energy, green power mix has risen to 45.6%, up 23% year-on-year, with total renewable power capacity now 1.4 gigawatts.”

“UltraTech Building Solutions outlets continue to grow, with total number of outlets now at 5,802, up nearly 1,000 stores compared to last year.”

“Standalone revenues for the quarter one of 2027 grew at a faster rate, that is 28% year-on-year to INR11,795 crores.”