Grasim

Grasim Industries Q2FY25 results: Net profit falls 45.6% to Rs 1,100 crore

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

Industrials, energy conglomerates see double-digit churn in human capital

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

Grasim achieves highest-ever Ebitda of Rs 20,837 cr: Kumar Mangalam Birla

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

Grasim records Rs 1.30 trillion revenue for FY24, driven by cement 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 revenue up 9% at Rs 33,861 cr; net profit falls 23.4% to Rs 1,208 cr

Grasim Industries to invest Rs 4,553 crore in FY25

Stocks to Watch, May 23: Grasim, GMM Pfaudler, Petronet LNG, Star Cement

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

Grasim Q4 results: Profit rises 15.5% to Rs 2,721.8 cr, revenue up 12.7%

Aditya Birla Group flagship holding firm Grasim Industries Ltd has reported an increase of 15.54 per cent in consolidated net profit at Rs 2,721.81 crore for the fourth quarter ended March 2024, led by strong performance by its cement and financial services business. The company had posted a net profit of Rs 2,355.67 crore during the January-March quarter a year ago, according to a late night regulatory filing by Grasim Industries on Wednesday. Its revenue from operations was up 12.74 per cent to Rs 37,727.13 crore during the quarter under review. It was at Rs 33,462.14 crore in the corresponding period of the previous fiscal. The consolidated revenue was "at its highest levels," said an earning statement from Grasim Industries. Grasim has an exceptional items charge of Rs 538 crore in the March quarter. Its consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood "at an all-time high" of Rs 6,196 crore, recording a growth of 27 pe

Q4 Results Today: Sun Pharma, Grasim, Nykaa Among 32 Firms to Post Earnings

Company Results Q4 FY24: Jubilant, Ramco Cements, NIIT Learning also anticipated to release fourth quarter earnings on May 22

IFC purchases Rs 1,250 crore worth sustainability-linked Grasim NCDs

Grasim Industries on Tuesday said the International Finance Corporation (IFC) has subscribed to its first sustainability-linked non-convertible debentures (NCDs) worth Rs 1,250 crore. The NCDs will support the company's investment in paint manufacturing, and help accelerate its decarbonisation drive through increased adoption of renewable energy and water recycling in the paint manufacturing process, the AB Birla group company said in a statement. The IFC has subscribed to the first sustainability-linked NCDs worth Rs 1,250 crore issued by Grasim Industries, as per a statement. Recently, the Aditya Birla group entered the decorative paints segment with Birla Opus, and had set a target of becoming a Rs 10,000-crore company within three years of full-scale operations. Grasim will work collaboratively with the IFC to "further enhance our sustainability footprints as it transitions to a low-carbon economy through renewable projects and energy-efficient products", thus aligning its ...

Grasim Industries secures Rs 1,250 cr from International Finance Corp

The investment by IFC, World Bank's private sector arm, will be in the form of a subscription to non-convertible debentures (NCD) issued by Grasim

Analysts positive on Grasim's prospects due to launch of paints division

Management guidance was that the VSF margin is stable. Even though caustic soda price is down, global prices are likely to bottom soon

Grasim Industries paints Rs 10K cr sales target in 3 years for Birla Opus

Further, it aims to become the second-biggest player in the Rs 80,000 crore Indian decorative paints market, which is currently dominated by Asian Paints

Sensex drops 326 pts, Nifty below 19,450; PSBs, metals rally, IT sinks

Closing Bell on November 13, 2023: SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, and HDFC Bank were the top laggards

Grasim Industries' rights issue will strengthen balance sheet, fuel growth

Caustic soda prices may have bottomed out and started to improve from lows and should be higher in Q3FY24

Stocks to Watch today: HDFC Bank, Grasim, JFS, Sugar, Ceat, SpiceJet, BoM

Stocks to watch on Oct 17, 2023: HDFC Bank reported a 50 per cent jump in net in its first results after merger with HDFC; Jio Financial posted 100 per cent growth in net post demerger from Reliance.

Grasim Industries to raise Rs 4,000 crore through rights issue of shares

The fund raise comes a month after of the textile-to-chemicals maker announced plans to enter the paint business under the brand name 'Birla Opus' in the fourth-quarter of fiscal 2024

Stocks to Watch today, Sep 11: Adani Grp, HDFC Bank, RIL, Sonata, IRB Infra

Stocks to watch on September 11, 2023: Balrampur, Delta Corp, India Cements, Manappuram, PNB and SAIL among nine stocks in F&O ban on Monday.

Grasim plans to open 100-120 retail stores in smaller cities in next 2 yrs

The textile division of Grasim Industries is planning to expand its footprint in smaller cities and towns by opening around 100-120 retail stores over the next couple of years, a senior official of the company said. It also hopes for a surge in demand for textile products in the upcoming festive season. "We are optimistic about the growth story of India. We plan to expand in both retail and wholesale businesses. Over the next two years, we plan to open 100-120 Linen Club retail stores in smaller cities and towns," Satyaki Ghosh, CEO, (Domestic Textiles), told PTI in an interview. Linen Club is Grasim Textiles' premium brand of linen products. Linen comprises about one-third of the company's textile business of around Rs 3,000 crore. Currently, Grasim Textiles has around 217 brand stores across the country. Ghosh, who was in Kolkata to inaugurate a Linen Club store, said the company also plans to expand its reach to 12,000 multi-brand retailers in these markets, from about 8,500 at

Grasim aims to be 2nd largest player in decorative paints segment: Birla

Aditya Birla group firm Grasim Industries aims to become the second largest player in the paints sector which it considers a "high-potential" growth engine along with its new B2B e-commerce business for construction materials, its Chairman Kumar Mangalam Birla said at the company's AGM on Friday. The Aditya Birla group flagship firm is now shifting focus to the new businesses and has embarked on a transformational growth phase with the incubation of two new high-potential growth enginesPaints and B2B e-commerce for building materials, he said. Grasim last year doubled its planned investment to Rs 10,000 crore in setting up the paints business, where it has plans to compete with the existing makers including Asian Paints, Berger Paints, Kansai Nerolac Paints, and Akzo Nobel India, among others. In the Paints business, the project work is progressing as per plans at all the six sites, and commissioning of plants will start in phases from Q4FY24. The state-of-the-art R&D facility is .

Grasim, Lubrizol to begin work on Vilayat CPVC resin plant by end of 2023

On October 30, 2020, the two companies announced the plans to launch the initial phase of the plant in 2022, but it was postponed due to the coronavirus pandemic