New Delhi, February 10 Aditya Birla Group's Grasim Industries Ltd reported a 28.76% increase in its consolidated net profit to ₹2,232.95 crore for the December quarter of FY'26, driven by strong performance across businesses.
The company's net profit stood at ₹1,734.16 crore during the October-December quarter a year ago, according to Grasim Industries' filing, which covers holding companies such as UltraTech, Aditya Birla Capital, and Aditya Birla Renewables.
Its operations revenue increased by 25.25% to ₹44,311.97 crore in the December quarter. This was ₹35,378.34 crore in the corresponding period of the previous fiscal year.
"Consolidated EBITDA in Q3FY26 stood at ₹6,215 crore, up 33% year-on-year, driven by favorable operating leverage and improved cost efficiencies," Grasim Industries stated.
Grasim Industries' total expenses increased by 23.36% to ₹41,270.21 crore in the December quarter.
Its total income, including other revenue sources, reached ₹44,577.19 crore, up 24.7% in the December quarter.
Grasim's revenue from its cellulosic fiber business in the December quarter increased by 9.24% to ₹3,934.09 crore.
This was due to a 7% year-on-year increase in CSF sales volume at 219KT, driven by higher exports and recovery of volumes lost due to temporary logistical challenges, in the previous quarter.
Specialty sales volumes increased by 31% year-on-year, driven by higher exports during the quarter.
Its revenue from its building material business increased by 30% to ₹25,172.86 crore. This was ₹19,369.49 crore in the October-December quarter a year ago.
Grasim's "building materials" includes its cement business, UltraTech, its newly launched paint business, and its B2B e-commerce business, Birla Pivot.
This was driven by UltraTech, the country's leading cement maker, whose consolidated sales volume for Q3FY26 stood at 38.87 million tonnes (MT), up 15% year-on-year. This outperformed the market with a 22.3% year-on-year volume growth.
Its paint business, Birla Opus, saw accelerated market share gains in Q3FY26, with revenue growth nearly three times that of the Indian Decorative Paints industry.
"According to internal estimates, the combined (Birla Opus and Birla Putty) revenue market share expanded by more than 300 bps year-on-year, strengthening its #3 position in the industry," it stated.
Birla Opus, the 2nd largest player by capacity (~24%) in the Decorative Paints market, continues to steadily ramp up its capacity utilization across its manufacturing plant.
While its B2B E-Commerce business, Birla Pivot, crossed the milestone of ₹8,500 crore annualised revenue run-rate (ARR) and is set to surpass it well ahead of its FY27 guidance, it said.
Its revenue from the chemicals business increased by 5.34% to ₹2,345.23 crore in the December quarter.
"Caustic soda international average spot prices for Q3FY26 stood at USD 443/ton, down 14% year-on-year, at the lowest level in 2 years. However, domestic caustic realizations remained stable due to rupee depreciation," it said.
Similarly, revenue from the financial services segment – Aditya Birla Capital Ltd (ABCL) – increased by 27.15% to ₹11,947.51 crore. This was ₹9,395.74 crore a year ago.
"The overall lending portfolio (NBFC and HFC) increased by 30% year-on-year to ₹1,90,386 crore. The total AUM (AMC, life insurance, and health insurance) grew by 19% year-on-year to ₹5,98,166 crore," it said.
Revenue from its other business, including Textiles, Renewables, and Insulators, increased by 23.93% to ₹1,009.57 crore. This was driven by strong performance in the Renewables and Textiles businesses.
Its Textiles business revenue grew by 11% year-on-year at ₹620 crore.
Grasim's capital expenditure (capex) for Q3FY26 stood at ₹369 crore.
Grasim Ltd closed at ₹2,954.50 on BSE, up 0.98% from the previous close.
