Grasim Industries shares surge 4% after robust Q4 profit, up 28% YoY

Shares of Grasim Industries jumped as much as 4.27% on Thursday to an intraday high of Rs 3,098 after the company posted strong fourth-quarter earnings and record annual revenue, supported by broad-based growth across its paints, chemicals, fibres, cement, and financial services businesses.

The Aditya Birla Group flagship reported a 28% year-on-year rise in consolidated net profit for Q4FY26 at Rs 3,802 crore, compared with Rs 2,973 crore in the corresponding quarter last year. Consolidated revenue from operations climbed 15% YoY to Rs 51,101 crore versus Rs 44,267 crore a year earlier.

On a standalone basis, the company narrowed its quarterly loss to Rs 164 crore from Rs 288 crore in Q4FY25.

Key Q4FY26 Business Highlights

• Paints business revenue surged 52% YoY, significantly outperforming overall industry growth.
• Cellulosic fibres revenue rose 14% YoY, aided by higher volumes and a favourable product mix.
• Chemicals segment achieved its highest-ever caustic soda sales volume at 321 KT, up 11% YoY.

FY26: Record Revenue, Strong Profit Expansion

For the full financial year FY26, Grasim’s consolidated net profit increased 33% to Rs 10,300 crore, compared with Rs 7,756 crore in FY25.

Annual consolidated revenue from operations rose 18% to an all-time high of Rs 1,75,430 crore, up from Rs 1,48,477 crore in the previous fiscal. The company also reported its highest-ever EBITDA of Rs 25,872 crore, marking a 29% YoY increase, driven by scale benefits, operational efficiencies, and improved profitability across segments.

Growth Drivers Across Businesses

• Paints: Strengthened its No. 3 industry position with a network of over 50,000 dealers and 4.5 lakh active contractors and painters.
• B2B E-commerce: Revenue soared 136% YoY, fuelled by new product categories and repeat customers.
• Cement: Grey cement capacity crossed the 200 mtpa milestone in April 2026.
• Financial Services: Total lending portfolio across NBFC and HFC businesses expanded 32% YoY to Rs 2.07 lakh crore.

Dividend Announcement

The board recommended a dividend of 500% at Rs 10 per equity share of face value Rs 2 each for FY26, subject to shareholder approval at the upcoming AGM.

Stock Performance & Technical Outlook

Despite a modest 10% gain over the past one year, Grasim Industries shares have rallied nearly 73% over the last three years, reflecting strong long-term investor confidence. The company currently commands a market capitalisation of around Rs 1.99 lakh crore.

RSI (14) stands at 65.5, approaching overbought territory but still below the 70 mark. The stock is trading above all 8 of its key simple moving averages (SMAs), indicating sustained upward momentum.

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