Grasim Industries Ltd. · NSE:GRASIM
Grasim Industries — Q1 FY2027 Earnings Presentation
42 slides from Grasim Industries's earnings presentation, August 2026
Slide 1: Built on Trust. Scale with Purpose. Earnings Presentation Q1FY27
Built on Trust. Scale with Purpose. Earnings Presentation Q1FY27 GRASIM INDUSTRIES LIMITED August 2026
Slide 2: Index
Index Macro Financial Cellulosic Chemicals Updates Highlights Fibres Pg 05 Pg 07 Pg 12 Pg 17 Building Financial Other Annexure Materials Services Businesses Pg 22 Pg 30 Pg 32 Pg 34 Grasim Industries Limited | Q1FY27 2
Slide 3: Grasim's Leadership across Key Components of Growing Economy
Grasim’s Leadership across Key Components of Growing Economy FOCUS ON GROWING ASPIRATIONAL INFRASTRUCTURE AND GROWING INCREASING MANUFACTURING RENEWABLE ENERGY CONSUMPTION HOUSING DEMAND DIGITAL ECONOMY FINANCIALISATION GROWTH SECTOR PROXY PLAY ON INDIA’S GROWTH STORY Cellulosic Staple Fibre Chlor-A
Slide 4: Track Record of Consistent Growth
Track Record of Consistent Growth Q1FY27 Highlights Revenue (₹ crore) EBITDA (₹ crore) Consolidated Consolidated Standalone Standalone Revenue TTM Standalone % in Consolidated Standalone % in Consolidated ₹1,84,029 crore 1,84,029 27,520 1,75,431 25,872 1,48,478 EBITDA TTM 20,023 ₹27,520 crore 21% 23
Slide 5: Macro Updates
Macro Updates Earnings Presentation | Q1FY27
Slide 6: Q1FY27: Macro Indicators
Macro Updates Q1FY27: Macro Indicators Index of Industrial Production - IIP India Merchandise Exports Non-Food Bank Credit Growth (% YoY) ($ billion) (%) 129.5 18.3 5.7 16.9 14.4 3.5 3.8 10.8 9.3 111.5 112.1 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 In IIP, Manufac
Slide 7: Financial Highlights
Financial Highlights Earnings Presentation | Q1FY27
Slide 8: Q1FY27: Key Highlights
Financial Highlights Q1FY27: Key Highlights Consolidated revenue at ₹48,716 Cr. up 21% YoY driven by strong all-round performance across its diversified businesses portfolio Financial › Standalone revenue stood all-time high of ₹11,795 Cr., up 28% YoY, led by double engine momentum from both Core an
Slide 9: Q1FY27: Performance Highlights
Financial Highlights Q1FY27: Performance Highlights Revenue EBITDA Adjusted PAT*# (₹ crore) (₹ crore) (₹ crore) Consolidated 51,101 48,716 8,011 8,077 2,153 1,980 40,118 6,430 1,442 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Q1FY26^ Q4FY26^ Q1FY27 Revenue EBITDA Adjusted PAT# (₹ crore) (₹ crore) (₹ c
Slide 10: Consolidated Financial Position
Financial Highlights Consolidated Financial Position Particulars As on 30th June 2025 As on 31st Mar 2026 As on 30th June 2026 Net Worth (₹ crore) 99,112^ 1,03,469^ 1,08,798 Debt to Equity Ratio 1.18 1.32 1.31 Total Debt to Total Assets 0.37 0.39 0.39 Debt* to Equity Ratio 0.29 0.28 0.29 Net Debt* (
Slide 11: Improved Sustainability Performance
Financial Highlights Improved Sustainability Performance * Renewable Power Capacity Recycled & Reuse Water to Freshwater Withdrawal^ (%) (%) 52 53 24 24 50 11 FY25 FY26 Q1FY27 FY25 FY26 Q1FY27 Awards and Achievements Fame India National Award 2026 FICCI Award for Excellence in Quality CII National P
Slide 12: Cellulosic Fibres
Cellulosic Fibres Cellulosic Staple Fibre (CSF) Cellulosic Fashion Yarn (CFY) Earnings Presentation | Q1FY27
Slide 13: Cellulosic Fibres fastest growing in the Fibre Basket
Cellulosic Fibres Cellulosic Fibres fastest growing in the Fibre Basket Global India CAGR CAGR 3.9% 9.4% 0.1% (0.1%) India Cellulosic Fibre growing fastest 4.1% 5.6% with CAGR CY15 CY25 CY15 CY25 >2x of the global CSF Cellulosic Fibres Cotton Synthetic GROWTH 7% share Cellulosic Gap Liva Brand Most
Slide 14: Macro Trends in the Sector
Cellulosic Fibres Macro Trends in the Sector China Operating Rate China Inventory (%) (Days) 92 93 20 82 11 7 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Global Prices Trend Price Movement ($/kg) 1.94 YoY QoQ June-26/Exit Price 1.72 Fibres 1.66 (%) (%) (Δ over Q1FY27) 1.81 International CSF 1.85 $/kg
Slide 15: Key Operational Metrics
Cellulosic Fibres Key Operational Metrics CSF Sales Volume CSF Sales Volume Mix – Q1FY27 (KT) Export Sales Specialty Fibres 232 209 202 15% 27% 73% 85% Q1FY26 Q4FY26 Q1FY27 Domestic Sales Standard Fibres CFY Sales Volume › CSF total sales volumes stood at 202 KT, down by 4% YoY, (KT) due to lower pr
Slide 16: Q1FY27: Financial Performance
Cellulosic Fibres Q1FY27: Financial Performance Revenue EBITDA (₹ crore) (₹ crore) 4,614 4,530 588 632 4,043 322 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 › Revenue grew by 12% YoY to ₹4,530 Cr. led by improved global prices, rupee depreciation and favorable product mix › EBITDA grew ~2x to ₹632 Cr.
Slide 17: Chemicals
Chemicals Caustic Soda Chlorine Derivatives Specialty Chemicals Earnings Presentation | Q1FY27
Slide 18: Diversified Chemicals Portfolio
Chemicals Diversified Chemicals Portfolio Caustic Soda Chlorine Derivatives Specialty Chemicals Capacity Capacity Capacity (KTPA) (KTPA) (KTPA) 1,505 25 1,530 1,012 118 1,130 246 Existing Expansion Projected Existing Expansion Projected Existing › Maintaining Market leadership position in › Large ca
Slide 19: Focus on Specialty Chemicals
Chemicals Focus on Specialty Chemicals Major End-Use Applications Construction Renewables Water Treatment Pharma & Healthcare PVC Applications Specialty Chemicals* Chlorine Derivatives Chlorine Integration Levels Chemicals Revenue Breakup – Q1FY27 65% 64% 65% 68% 62% Specialty Water Chemicals, Treat
Slide 20: Key Operational Metrics
Chemicals Key Operational Metrics CFR SEA Caustic Soda Prices* Grasim – ECU ($/ton) (₹/ton) 37,955 483 35,911 468 446 32,413 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Caustic Soda Sales Revenue Breakup of Chemicals Business (KT) (%) 303 321 28% 27% 30% 284 19% 22% 21% 53% 51% 49% Q1FY26 Q4FY26 Q1FY2
Slide 21: Q1FY27: Financial Performance
Chemicals Q1FY27: Financial Performance Revenue EBITDA (₹ crore) (₹ crore) 2,640 491 2,391 2,458 422 304 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 › Chemicals segment revenue grew by 10% YoY mainly led by Chlorine Derivatives and Specialty Chemicals business › Chemicals segment EBITDA grew by 16% Yo
Slide 22: Building Materials
Building Materials Cement Paints B2B E-commerce Earnings Presentation | Q1FY27
Slide 23: India's Cement Industry
Building Materials India’s Cement Industry India is the 2nd largest cement producer in the world, but remains a highly underpenetrated market Global Cement Production Per Capita Cement Consumption (kg/annum) 30.4% 44.7% 2025 World Average: 435-485 kg 1.2% 1.6% 1.7% China 1190-1210 Vietnam 980-990 RO
Slide 24: Q1FY27: Performance Update - Cement
Building Materials Q1FY27: Performance Update - Cement Grey cement capacity Total sales volume grew by Consolidated EBITDA grew by expanded by 8.7 MTPA, 12% YoY to 41.3 MnT; Domestic grey 12% YoY to ₹5,146 Cr., led by taking total grey cement capacity cement realisation stood at ₹5,218/t, up volume
Slide 25: Growing India Decorative Paints Market
Building Materials Growing India Decorative Paints Market Current Scenario Estimated CAGR of Industry Size (FY27e) >10% of the Organised Market ~₹80-82,000 over the next decade (₹ crore) 2nd Largest Player* in Indian Unorganised Market Housing Demand Decorative Paints Industry ~22-23% Manufacturing
Slide 26: Q1FY27: Performance Update - Paints
Building Materials Q1FY27: Performance Update - Paints Birla Opus strengthens its #3 Revenue stood at ₹1,661 Cr., 10 new products and 95 SKUs position with sequential market growth of 64% YoY, 17% QoQ launched, product range expanded share^ gains of ~30 bps with overall impact of price hike in to 22
Slide 27: Comprehensive B2B E-commerce Platform
Building Materials Comprehensive B2B E-commerce Platform E-commerce Platform for Building Materials with End-to-end Solutions (Demand Prediction, Product Assortment, Sourcing, Logistics, and Financing) VALUE PROPOSITION PRODUCT CATEGORIES Competitive Pricing Steel & Allied Sanitary Ware Assured Qual
Slide 28: Q1FY27: Performance Update – B2B E-commerce
Building Materials Q1FY27: Performance Update – B2B E-commerce Revenue grew by 75% YoY to Customer traction remained Product categories continues ₹2,548 Cr., underscoring the power of strong, with sustained new buyer to diversify; Building Materials, Non- its one-stop shop platform offering one addi
Slide 29: Q1FY27: Financial Performance
Building Materials Q1FY27: Financial Performance Revenue EBITDA (₹ crore) (₹ crore) 30,042 28,835 5,386 5,002 23,733 4,291 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 › Revenue grew by 21% YoY to ₹28,835 Cr. led by all-round performance across Cement, Paints and B2B E-commerce businesses › Cement reve
Slide 30: Financial Services
Aditya Birla Capital Limited Financial Services NBFC Housing Finance Investing Insurance Earnings Presentation | Q1FY27
Slide 31: Q1FY27: Financial Performance
Financial Services Q1FY27: Financial Performance Revenue* Total Lending Book# (₹ crore) (₹ crore) 13,422 2,07,368 2,19,289 12,155 1,65,832 9,488 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 › Revenue* grew by 28% YoY driven by: Housing Finance up 40% YoY; Life Insurance up 30% YoY; NBFC up 25% YoY; Sec
Slide 32: Other Businesses
Other Businesses Textiles Renewables Insulators Earnings Presentation | Q1FY27
Slide 33: Q1FY27: Financial Performance
Other Businesses Q1FY27: Financial Performance Revenue EBITDA (₹ crore) (₹ crore) 1,126 302 1,021 242 865 154 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 › Revenue grew by 30% YoY to ₹1,126 Cr. EBITDA nearly doubled to ₹302 Cr. driven by Renewables and Textiles business › Renewables business revenue g
Slide 34: Annexure
Annexure Earnings Presentation | Q1FY27
Slide 35: Consolidated Income Statement
Annexure Consolidated Income Statement Particulars (₹ crore) Q1FY27 Q1FY26^ % Change Q4FY26^ % Change Revenue from Operations 48,716 40,118 21 51,101 (5) Other Income 305 342 (11) 228 34 EBITDA* 8,077 6,430 26 8,011 1 EBITDA Margin (%) 16% 16% 16% Finance Cost 919 816 13 922 (0.3) Depreciation 1,988
Slide 36: Standalone Income Statement
Annexure Standalone Income Statement Particulars (₹ crore) Q1FY27 Q1FY26 % Change Q4FY26 % Change Revenue from Operations 11,795 9,223 28 11,774 0.2 Other Income 144 144 0.2 119 21 EBITDA 1,094 528 107 659 66 EBITDA Margin (%) 9% 6% 6% Finance Cost 269 206 31 246 10 Depreciation 527 478 10 571 (8) P
Slide 37: Standalone Capex Plan
Annexure Standalone Capex Plan Particulars (₹ crore) Planned for FY27 Spent in Q1FY27 Cellulosic Fibres 1,603 196 Capacity Expansion (including debottlenecking) 1,100 96 Modernisation and Maintenance Capex 503 100 Chemicals (A + B) 843 92 (A) Capacity Expansion 329 14 Caustic Soda 264 0 Chlorine Der
Slide 38: Balance Sheet: Equity and Liabilities
Annexure Balance Sheet: Equity and Liabilities Standalone (₹ crore) Consolidated (₹ crore) Particulars 30th June 2026 31st March 2026 30th June 2026 31st March 2026^ Net Worth 57,876 55,277 1,08,798 1,03,469 Non-Controlling Interest - - 71,766 66,394 Borrowings related to Financial Services - - 1,82
Slide 39: Balance Sheet: Assets & Investments
Annexure Balance Sheet: Assets & Investments Standalone (₹ crore) Consolidated (₹ crore) Particulars 30th June 2026 31st March 2026 30th June 2026 31st March 2026^ Net Fixed Assets 23,034 23,348 1,24,364 1,24,429 Capital WIP and Advances 2,259 2,066 21,782 18,860 Right of Use – Lease (including Leas
Slide 40: Grasim Group Structure
Annexure Grasim Group Structure Grasim Industries Limited Cellulosic Fibres Chemicals Building Materials Other Businesses Overseas Pulp and CSF JVs Subsidiaries CSF Chemicals Paints Textiles AV Group NB Inc. UltraTech Cement (56.11%)** (Canada) (45%)* Vilayat Vilayat Panipat Rishra AGAB (Domsjo) Gre
Slide 41: Safe Harbour
Safe Harbour By attending this presentation or reading these materials, you agree to be bound by the following limitations and restrictions. This presentation is issued by Grasim Industries Limited (the “Company”) for general information purposes only, without regard to any specific objectives, suit
Slide 42: Thank You
Thank You Investor Relations grasim.ir@adityabirla.com +91 22 2499 5657