Audited Financial Results (Standalone & Consolidated) and recommendation of final Dividend for the year ended 31st March 2026 and appointment of Joint Statutory Auditor of the Company
GRASIM · price
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Grasim Industries reported standalone revenue of ₹41,039 crore for FY2026, up 30% from ₹31,563 crore in the prior year. Net profit grew 64% to ₹348 crore from ₹212 crore. Operating margin improved to 4.62% from 3.91%. The Board recommended a dividend of ₹10 per share (500% on face value ₹2). Exceptional items totaling ₹129.53 crore included: ₹47.86 crore impairment at Chemical Vilayat plant, ₹34.17 crore for new labour code compliance costs, and ₹47.50 crore provisions for exposure in two joint venture entities (AV Terrace Bay and Birla Advanced Knits). The company is replacing one of its joint auditors (BSR & Co. LLP) with Deloitte Haskins & Sells for a 5-year term. Aditya Birla Renewables raised ₹1,500 crore from investors including GIP/BlackRock during the year.
Strong revenue growth of 30% and 64% PAT growth indicate healthy operational performance. Improved margins and robust debt coverage ratios (DSCR 3.03x) support the dividend. However, pending CCI penalties of ₹1,872 crore against subsidiary UltraTech remain a contingent liability risk, though no provision has been recognized based on legal opinions.