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Grasim Inds

Q1 FY27Cement & Cement Products

Grasim Inds Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹3,270
Market cap₹2.3L Cr
P/E39.2
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

3 of 4 strong

RevenueRank 1
MarginRank 3
CapexYes
FundraiseYes

Not discussed on this call: order book.

The short version

Paints: Birla Opus targets INR10,000 crores revenue by FY28; revenue grew 64% YoY in Q1 FY27; market share gaining steadily. Grasim aims to achieve INR10,000 crores revenue in Birla Opus Paints by FY28, targeting break-even profitability through scaling rather than cost-cutting.

From Grasim Inds's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 1
  • Paints: Birla Opus targets INR10,000 crores revenue by FY28; revenue grew 64% YoY in Q1 FY27; market share gaining steadily.
  • B2B E-commerce (Birla Pivot): Rapid growth with annualized run rate above INR10,000 crores; platform scaling with improved revenue mix and buyer-seller ecosystem.
  • Cellulosic Fibers: Expansion projects underway (totaling 165,000 TPA capacity) with growth driven by specialty fiber exports; revenue grew 12% YoY despite volume dip.
  • Chemicals: Growth expected with increased chlorine integration to 68% by FY27 end; continued focus on specialty chemicals with margin improvement.
  • Cement: Continued volume growth (12% YoY in Q1) supported by capacity expansion to 205.5 million tons.
  • Renewable business: Capacity target of 9.3 GW by FY29 expected to be operational with full year availability, likely supporting strong revenue growth.
  • Overall consolidated revenue growth consistent with historical ~21% YoY growth; 24 consecutive quarters of YoY growth indicating momentum across segments.

Profitability & Margins

See what Grasim Inds said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes
  • Cellulosic fiber (CSF) expansion:
  • - Phase 1: INR 1,350 crores for 55,000 TPA, progressing with detailed engineering and civil work.
  • - Phase 2: INR 3,094 crores for 110,000 TPA, undergoing environmental clearance.
  • Chemicals:
  • - Commissioning of ECH plant planned in Q2 FY27.
  • - Focus on chlorine integration, expected to reach 68% by end of FY27.
  • Birla Pivot (B2B e-commerce):
  • - Front-loaded investments in people and technology to fast-track growth and achieve EBITDA break-even by FY27 exit.
  • Capital expenditure:
  • - Standalone capex plan for FY27: INR 3,157 crores, with ~45% dedicated to growth capex.
  • - Q1 FY27 capex spent: INR 375 crores (~12% of budget).
  • Renewables:
  • - Investment in current financial year capped at INR 1,000 crores.
  • - Equity contribution shared with Aditya Birla Group and GIP; transaction expected by December 2026.
  • Aditya Birla Capital:
  • - Recent equity infusion of INR 4,000 crores to support growth.

Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

5x potential
1BIGBLOC Const.
Rev 2Mar 1
2Sanghi Industries Ltd
Rev 3Mar 1
3
Rev 3Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Grasim Inds said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages from the Grasim Industries Limited document do not explicitly mention current or expected order book or pending orders details. Key related insights include: - Birla Opus paint business has a robust pipeline with 47,000 project sites at various stages of work, indicating a strong order intake. - Institutional business is scaling with nearly 11,000 project sites billed during the quarter. - Birla Pivot's B2B e-commerce platform continues strong growth with an annualized run rate above INR 10,000 crores, suggesting strong demand and order flow. - No specific quantitative figures for order book or pending orders are disclosed in the extracted text. Thus, while specific order book values are not provided, there are indications of healthy project pipelines and strong market demand across key business segments.

Grasim Inds — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹51.1K Cr, net profit ₹3.8K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What Grasim Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Grasim Inds Q1 FY27 results?

Paints: Birla Opus targets INR10,000 crores revenue by FY28; revenue grew 64% YoY in Q1 FY27; market share gaining steadily. Grasim aims to achieve INR10,000 crores revenue in Birla Opus Paints by FY28, targeting break-even profitability through scaling rather than cost-cutting.

What is Grasim Inds share price analysis?

Grasim Inds currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 39.2 with a market cap of ₹225,121 Cr. Investors should review the full earnings analysis for detailed insights.

Is Grasim Inds planning capital expenditure?

Cellulosic fiber (CSF) expansion: - Phase 1: INR 1,350 crores for 55,000 TPA, progressing with detailed engineering and civil work.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.