Birla Group Strengthens Position in Grasim Industries by 4.09%

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00


Birla Group raises its stake in Grasim by 4.09%, now holding 23.18% of the company. Grasim reports a 39% growth in consolidated net profit to ₹1,908 crore and a 13% increase in revenue to ₹37,727 crore for the Q4 FY2024.

Birla Group - Grasim News Today

Birla Group Holdings Private Limited (BGHPL), a promoter of Grasim Industries, has increased its stake in the company by 4.09%, as per an exchange filing on Tuesday. This raises Birla Group’s holding in Grasim to 23.18%, up from 19.10% at the end of the March quarter.

Additional Read: Aditya Birla Group

Scheme of Amalgamation

The additional stake acquisition by BGHPL occurred under a scheme of amalgamation. This involved the transfer of 2,67,46,262 fully paid-up equity shares and 10,63,204 partly paid-up equity shares of Grasim Industries held by Umang Commercial Company Private Limited to BGHPL.

Additional Read: Aditya Birla Q4 Result

Financial Performance and Stock Movement

Grasim Industries reported a substantial 39% growth in consolidated net profit to ₹1,908 crore for the quarter ended March 2024, excluding exceptional items. Revenue from operations also saw a significant increase of 13% year-on-year to ₹37,727 crore. The stock prices of Grasim Industries rose by 1.86% to ₹2,435.10 on the NSE.

Operational Highlights

Grasim CSF volumes grew 8% year-on-year to 208 KT, although revenue remained flat due to subdued realisations. Segment EBITDA sequentially increased by 15% to ₹462 crore, primarily due to lower input costs. The chemicals business achieved its highest-ever caustic soda sales volume of 308 KT in Q4FY24, despite a 13% decline in revenue to ₹2,083 crore.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here https//

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7.5 Lacs+ Users


4.3+ App Rating


4 Languages


₹4300 Cr MTF Book