The company’s consolidated earnings before interest, taxes, depreciation and amortisation (Ebitda) in Q3FY26 stands at Rs 6,215 crore, up by 33 per cent year-on-year
Grasim Industries, an Aditya Birla Group flagship firm, has registered a 25 per cent year-on-year (YoY) increase in its consolidated revenue in the third quarter of the current financial year. The company’s revenue stood highest-ever at Rs 44,312 crore, up from Rs 35,378 crore (restated due to Kesoram acquisition by UltraTech Cement).
Consolidated adjusted net profit (owner’s share excluding exceptional items) for the quarter grew by 42 per cent YoY to Rs 1,168 crore. Consolidated earnings before interest, taxes, depreciation and amortisation (Ebitda) in Q3FY26 stood at Rs 6,215 crore, up by 33 per cent YoY, driven by favourable operating leverage and improved cost efficiencies.
Paints Business
Market share gains accelerated in Q3FY26 with QoQ revenue growth of nearly three times the Indian decorative paints industry growth rate (inclusive of Birla Opus). As per internal estimates, the combined (Birla Opus and Birla Putty) revenue market share expanded by more than 300 basis points YoY, strengthening its third position in the industry.
The company stated that Birla Opus’ exponential growth is underpinned by rising brand acceptability, rapid expansion of its distribution network, strong secondary sales growth and consistent differentiation through superior product quality. The Opus brand geographical coverage has reached over 10,400 towns including metro, large and mid-small towns.
Performance Of Key Segments
UltraTech’s total capacity (India + overseas) stood at 194.06 mtpa. The business is expanding capacity to 240.8 mtpa by March 2028. Consolidated sales volumes for Q3FY26 stood at 38.87 MT, up by 15 per cent YoY, with the ‘UltraTech’ brand outperforming the market with volume growth of 22.3 per cent YoY, the company said.
UltraTech Building Solutions (UBS) continues to expand its retail presence with 5,290 outlets, now contributing 20.4 per cent of total domestic grey cement sales volume. Building Materials segment reported revenue of Rs 25,173 crore, up 30 per cent YoY, led by all-round performance across cement, paints and B2B ecommerce.
The China CSF market witnessed a seasonal recovery with operating rates in Q3FY26 reaching its highest levels of 94 per cent, compared to 89 per cent in Q3FY25. Moreover, inventory levels declined to its lowest of 12 days in 9MFY26, reflecting a healthier demand-supply scenario.
The company added that caustic soda international average spot prices (CFR-SEA) for Q3FY26 stood at a two-year low levels of USD 443 per tonne, down by 14 per cent YoY. However, domestic caustic realisations stood stable due to rupee depreciation. Higher negative chlorine realisations due to lower demand from end-user industries impacted ECU which stood at Rs 32,079 per tonne, down by 6 per cent YoY.
Revenue from other businesses stood at Rs 1,010 crore, up 24 per cent YoY and Ebitda stood at Rs 234 crore, up 84 per centYoY, driven by robust performance in the renewables and textiles businesses. The company added that textiles business revenue grew by 11 per cent YoY at Rs 620 crore, led by stable demand for premium textiles.
