Dividend Declaration By Grasim Industries Of ₹10
The Board of Directors of Grasim has recommended a final dividend of ₹10 per equity share on ₹2 fully paid-up face value for the financial year ended March 31, 2026. The total cash outflow on account of this dividend is estimated at ₹681 crore. The dividend is subject to shareholder approval at the upcoming Annual General Meeting.
Full Year FY26 Performance Of Grasim Industries
For the full year ended March 31, 2026, Grasim posted consolidated revenue from operations of ₹1,75,431 crore, up 18% on an annual basis from ₹1,48,478 crore in FY25. Other income for the year stood at ₹1,180 crore versus ₹1,459 crore in FY25.
EBITDA for FY26 came in at ₹25,872 crore, up 29% on an annual basis from ₹20,023 crore in FY25. EBITDA margin improved to 15% from 13% in FY25.
PBT for FY26 stood at ₹14,796 crore, up 34% on an annual basis from ₹11,064 crore in FY25. Consolidated PAT came in at ₹10,300 crore, up 33% on an annual basis from ₹7,756 crore in FY25. PAT attributable to the owner's share stood at ₹4,966 crore, up 34% from ₹3,706 crore in FY25. Adjusted PAT for FY26 came in at ₹5,203 crore, up 33% from ₹3,902 crore in FY25.
Segment Wise Performance of Grasim Industries
Cement: UltraTech Recorded Highest-Ever Quarterly Sales Volume By 9% YoY
UltraTech Cement, Grasim's subsidiary and India's largest cement company, delivered a strong Q4FY26. In April 2026, UltraTech's total grey cement capacity crossed the milestone of 200 million tonnes per annum, making it the world's largest cement company outside China. Consolidated sales volumes grew 9% YoY to 44.71 million tonnes in Q4FY26; the highest-ever quarterly volume recorded by the company. Total Operating EBITDA per tonne stood at ₹1,253 per tonne.
Cellulosic Fibres: Segment EBITDA up 2x YoY
The Cellulosic Fibres segment posted revenue of ₹4,614 crore in Q4FY26, up 14% YoY, supported by volume growth and a favourable product mix. Segment EBITDA doubled on a YoY basis to ₹588 crore, driven by a better product mix, improved operating efficiencies, and benign pulp prices.
Chemicals: Caustic sales volumes up 11% YoY, stood highest-ever at 321 KT,
The Chemicals segment saw caustic sales volumes rise 11% YoY to 321 kilotonnes, the highest-ever quarterly figure driven by stable domestic demand. Segment EBITDA grew 3% YoY to ₹304 crore, aided by stronger sales of Caustic and Chlorine derivatives, though this was partially offset by lower profitability in the Specialty Chemicals business.
Paints (Birla Opus): Now nearing 2nd position in the Indian Decorative Paints industry
The Paints segment delivered revenue growth of 52% YoY in Q4FY26, with sequential market share gains estimated at around 90 basis points. The combined market share of Birla Opus and Birla White Putty is now nearing the number-two position in the Indian Decorative Paints industry.
B2B E-Commerce: Revenue more than doubled YoY
The B2B E-Commerce business more than doubled its revenue on a YoY basis during Q4FY26, supported by scale-up across product categories, addition of new customers, and a seasonally strong quarter.
Financial Services: Total Lending portfolio up by 32% YoY
The total lending portfolio, comprising the NBFC and HFC businesses, grew 32% YoY to ₹2,07,368 crore. Total Assets Under Management (AUM) across the AMC, life insurance, and health insurance businesses rose 16% YoY to ₹5,91,343 crore. The D2C financial services platform, ABCD, also gained good traction, crossing 11 million customer acquisitions during the period.k
Recent Developments Of Grasim Industries
On May 20, 2026, the Board of Directors of Aditya Birla Capital Limited (ABCL) approved a preferential share issuance totalling approximately ₹4,000 crore. Under this issuance, Grasim Industries, in its capacity as promoter, will invest ₹2,880 crore, Suryaja Investment Pte Limited, Singapore; an Aditya Birla Group entity, will invest ₹200 crore, and the International Finance Corporation (IFC) will invest ₹920 crore.
The share will be allotted at ₹356.02 per equity share pending shareholder and other regulatory approvals as per SEBI ICDR regulations. The funds raised through this process will help in improving the capital position of ABCL, lending activities, and investing in subsidiaries/joint ventures.
Grasim Industries’s Management Commentary
Mr. Kumar Mangalam Birla, the Chairman of Aditya Birla Group, said the importance of financial services has grown significantly in terms of economic development in India, and ABCL has been gradually developing itself through diversification using its digital technology infrastructure. He feels confident about the group's preparedness for entering the next level of growth in India’s financial services industry.
Ms. Vishakha Mulye, MD & CEO, Aditya Birla Capital Limited, said the fresh capital infusion would help ABCL expand customer reach, strengthen its digital-first approach, and deepen its commitment to SME lending, which accounts for around 57% of its loan portfolio. She emphasised the company's focus on building an inclusive financial ecosystem grounded in responsible business practices.
Mr. Sarvesh Suri, Regional Vice President for Asia and the Pacific at IFC, said the partnership would help bring meaningful economic opportunities to small businesses across India, leveraging ABCL's digital reach and an MSME client base of over 1.5 lakh to expand responsible credit access.
About Grasim Industries Limited
Grasim Industries Limited is the flagship company of the Aditya Birla Group and one of India's largest private sector companies. On a standalone basis, its core businesses include Viscose Staple Fibre (VSF), caustic soda, speciality chemicals, and rayon-grade wood pulp (RGWP), with manufacturing facilities at multiple locations across the country. The company also operates in fertilisers and textiles and runs its fast-growing paints business under the Birla Opus brand.
