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Grasim Inds

Q1 FY27Cement & Cement Products

Grasim Inds Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

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

Grasim Inds Q1 FY27 key numbers

Revenue
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.

As stated in Grasim Inds's Q1 FY27 earnings call transcript · published 25 Aug 2026. Reported figures, not investment advice.

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

Strong growth
  • 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.

2 more points from Grasim Inds's call on revenue

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Profitability & Margins

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

Capital Expenditure Plans

Capex planned
  • 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.

2 more points from Grasim Inds's call on capex

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Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

Guidance-ranked
1J K Cements
Rev 2Mar 3
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

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.

What the Q1 FY27 call signalled

3 of 4 strong

RevenueStrong growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

Grasim Inds — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): 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 Inds's management said in earlier quarters

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  • Prism Johnson (Q1 FY27)

    Consolidated Revenue Q1 FY27:** ₹1,844 Cr, up 2.7% YoY (Page 42) . Key concall takeaways from Prism Johnson Ltd's Q1 FY27 earnings call — and how it ranks…

  • The Ramco Cement (Q1 FY27)

    Standalone total revenue for 1QFY27: ₹2,276.18 Cr, up 10% YoY (Page 10) . Key concall takeaways from The Ramco Cements Ltd's Q1 FY27 earnings call — and how it…

  • Birla Corpn. (Q1 FY27)

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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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.