Transcript of Conference Call on the Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2025
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Grasim Industries reported its highest-ever quarterly consolidated revenue of Rs. 44,312 crores, up 25% YoY, with consolidated EBITDA up 33% YoY at Rs. 6,215 crores. Standalone revenue grew 28% YoY to Rs. 10,432 crores and standalone EBITDA jumped 57% YoY to Rs. 585 crores. Birla Opus Paints posted 70% YoY volume growth, crossed 500 million litres in cumulative sales, expanded to 10,400 towns with nearly 1,000 franchise outlets, and management reaffirmed the Rs. 10,000 crore revenue target by FY28. Birla Pivot B2B e-commerce crossed Rs. 8,500 crore ARR (well ahead of FY27 guidance) and is expected to exit FY27 at breakeven. Key strategic milestones include UltraTech's path to 240.8 mtpa capacity by March 2028, Rs. 2,750 crore capital infusion into Aditya Birla Housing Finance with Advent International, and Rs. 3,000 crore GIP/BlackRock investment into renewables valuing it at Rs. 14,600 crore EV; net debt fell to Rs. 6,882 crores with a healthy 2.1x net debt/EBITDA.
Strong across-the-board growth from paints, B2B, renewables and cement capacity buildout should support positive investor sentiment. Reduced net debt and improved leverage provide headroom to fund further expansion in the paints and renewables businesses.