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Grasim Industries Ltd

Q2 FY27Cement & Cement Products

Grasim Industries Q2 Results 2026: PAT ₹1,029 Cr (−31.3% YoY)

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹50,105Cr
+25.6% YoY
+2.9% QoQ
Net profit
₹1,029Cr
−31.3% YoY
−73.2% QoQ
Margin
12.3%
+0.1 pp YoY
−3.7 pp QoQ

Grasim Industries Ltd Q2 FY27 key numbers

Revenue
Consolidated Revenue from Operations (Q2FY27): ₹50,105 Cr., up 26% YoY.

As stated in Grasim Industries Ltd's Q2 FY27 investor presentation · published 13 Nov 2026. Reported figures, not investment advice.

Based on Grasim Industries Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

Price₹3,115
Market cap₹2.1L Cr
P/E37.0

The short version

Consolidated Revenue from Operations (Q2FY27): ₹50,105 Cr., up 26% YoY (Page 37). Consolidated Q2FY27:.

From Grasim Industries Ltd's Q2 FY27 earnings-call transcript · updated 13 Nov 2026.

How did Grasim Industries' revenue grow in the September 2026 quarter?

- **Consolidated Revenue from Operations (Q2FY27):** ₹50,105 Cr., up 26% YoY (Page 37) - **Standalone Revenue from Operations (Q2FY27):** ₹12,747 Cr., up 33% YoY (Page 38) - **Building Materials Revenue (Q2FY27):** ₹27,378 Cr., up 23% YoY; Cement revenue ₹23,295 Cr., up 19% YoY (Pages 30, 31) - **Financial Services Revenue (Q2FY27):** ₹13,990 Cr., up 32% YoY (Page 33) - **Other Businesses Revenue (Q2FY27):** ₹1,158 Cr., up 16% YoY (Pages 34, 35) - **Cellulosic Fibres Revenue (Q2FY27):** ₹5,344 Cr., up 29% YoY; sales volume increased 7% YoY to 224 KT (Pages 17, 18) - **B2B E-commerce Revenue (Q2FY27):** ₹2,785 Cr., up 66% YoY; annualized revenue run-rate expected to cross ₹11,000 Cr. (Page 30) **Explicit Outlook:**

2 more points from Grasim Industries Ltd's call on revenue

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What happened to Grasim Industries' margins in Q2 FY27?

Consolidated Q2FY27:

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What capex is Grasim Industries planning?

  • Cellulosic Fibres:
  • Planned Capex FY27: ₹1,603 crore
  • Capacity Expansion (including debottlenecking): ₹1,100 crore (₹389 crore spent in H1FY27)
  • Modernisation and Maintenance Capex: ₹503 crore (₹184 crore spent in H1FY27)
  • Chemicals:
  • Total (A+B) Capex FY27: ₹843 crore (₹243 crore spent in H1FY27)
  • Capacity Expansion: ₹329 crore (₹50 crore spent in H1FY27)
  • Caustic Soda: ₹264 crore (₹1 crore spent)
  • Chlorine Derivatives: ₹59 crore (₹44 crore spent)
  • Epoxy Polymers and Curing Agents: ₹6 crore (₹5 crore spent)
  • Modernisation and Maintenance Capex: ₹514 crore (₹193 crore spent)
  • New High Growth Businesses:
  • Planned Capex FY27: ₹425 crore (₹174 crore spent)
  • Birla Opus (Decorative Paints): ₹411 crore (₹172 crore spent)
  • Birla Pivot (B2B E-Commerce): ₹14 crore (₹2 crore spent)
  • Other Businesses (Textiles, Insulators, Others):
  • Planned Capex FY27: ₹286 crore (₹32 crore spent)
  • Specific Projects Commissioned:

2 more points from Grasim Industries Ltd'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
2ACC
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 3Mar 1
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.

Is Grasim Industries raising money or cutting debt?

As per the Balance Sheet on page 40 and 41, Grasim's consolidated borrowings increased from ₹2,26,948…

Locked: what Grasim Industries Ltd said on fundraising

Also locked on this page: margins, order book

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How big is Grasim Industries' order book?

See what Grasim Industries Ltd said on order book & pipeline — free account, 30 seconds.

Grasim Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Grasim Industries Ltd Q2 FY27 results — key figures

Grasim Industries Ltd Q2 FY27 reported results vs Q2 FY26, ₹ crore
₹ CrQ2 FY27Q2 FY26YoYQ1 FY27QoQ
Revenue50,10539,900+25.6%48,716+2.9%
Operating profit (EBITDA)6,1794,872+26.8%7,772-20.5%
Operating margin12.3%12.2%+0.1 pp16%-3.7 pp
Profit before tax2,6282,449+7.3%5,157-49%
Net profit (PAT)1,0291,498-31.3%3,846-73.2%
EPS (₹)-3.458.16-142.3%31.64-110.9%

Source: Grasim Industries Ltd's results filing to NSE (consolidated), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹50.1K Cr, net profit ₹1.0K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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More Q2 FY27 results in Cement & Cement Products

All Q2 FY27 results | Cement & Cement Products rankings

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What Grasim Inds's management said in earlier quarters

Earlier calls (8)

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Frequently Asked Questions

What were Grasim Industries Ltd Q2 FY27 results?

Consolidated Revenue from Operations (Q2FY27): ₹50,105 Cr., up 26% YoY (Page 37). Consolidated Q2FY27:.

What is Grasim Industries Ltd share price analysis?

Grasim Industries Ltd currently shows a neutral. The stock trades at a P/E of 37.0 with a market cap of ₹212,112 Cr. Investors should review the full earnings analysis for detailed insights.

Is Grasim Industries Ltd planning capital expenditure?

Cellulosic Fibres:.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.