Press release on the Audited Financial Results (Standalone & Consolidated) for the financial year ended 31st March 2025.
GRASIM · price
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Grasim Industries reported a record consolidated revenue of ₹1,48,478 crore for FY25, up 13% year-on-year, driven by strong showings in Cement, Paints, Financial Services and B2B E-commerce. However, consolidated EBITDA fell 4% to ₹20,023 crore and profit after tax dropped 37% to ₹3,902 crore, mainly because of higher interest and depreciation costs linked to heavy investments in the new Birla Opus Paints and Building Materials businesses. Q4FY25 was the strongest quarter ever on revenue (₹44,267 crore, +17%) and EBITDA (₹6,548 crore, +6%), though Q4 PAT slipped 18% to ₹1,559 crore. The Board recommended a dividend of ₹10 per share, taking total payout to ₹681 crore. Standalone revenue grew 32% YoY, and capex of ₹3,513 crore was largely directed at the new Paints and B2B ventures.
Despite record top-line growth, the sharp fall in profits signals that margin pressure from new business investments is weighing on near-term earnings, which may temper short-term investor enthusiasm. The strong volume and capacity expansion story in Cement, Paints and Financial Services, combined with a healthy dividend, supports a positive longer-term outlook for shareholders.