Transcript of Conference Call on the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 2025
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Grasim Industries reported consolidated revenue of ₹40,118 crores, up 16% YoY, with EBITDA of ₹6,430 crores, up 36% YoY, marking 20 consecutive quarters of YoY revenue growth. Standalone revenue hit a record ₹9,223 crores (+34% YoY), driven by new businesses Birla Opus paints and Birla Pivot B2B e-commerce. Birla Opus maintained double-digit QoQ growth, reached 8,000 towns, and is on track to launch its 6th plant in Kharagpur, taking capacity to 1,332 MLPA (24% of industry). UltraTech posted 13% YoY revenue growth and EBITDA per ton of ₹1,248 (+37% YoY). Chemical segment revenue grew 16% to ₹2,391 crores, though epoxy margins came under pressure from rising ECH costs and FTA-driven imports. CFO Pavan Jain will retire on August 15, 2025, with Hemant Kadel taking over.
Strong all-round Q1 performance with diversified businesses firing, though management stayed cautious on full-year paints industry outlook and avoided giving specific margin or profitability guidance for some segments. Shareholders should watch for continuity under new CFO and progress on CCI investigation against dominant paints player.