# GRASIM (GRASIM) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/grasim

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹2,910.9
- Change: +1.85%
- As of: 2026-10-13
- 1D return: -1.11%
- 5D return: -3.84%
- 1M return: -13.89%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-12_

### Technical Outlook

As of October 12, 2026, GRASIM's technical setup indicates a bearish trend on the daily and weekly timeframes, contrasting with a bullish trend on the monthly timeframe. Daily and weekly charts show the price trading below key moving averages and the Supertrend indicator, supported by established trend strength metrics (ADX 39.1 daily, ADX 28.4 weekly). However, the monthly chart displays a strong bullish trend (ADX 68.11) with the price above the 20-period SMA and Supertrend, suggesting potential conflict across timeframes.

The stock is positioned near the lower end of its 20-day and 50-day ranges, with the 252-day range position in the lower-middle band. Recent market activity includes a high-severity, wide intraday range event on October 1, 2026, with a -3.3% return. The annualized volatility stands at +22.6%, with current drawdown at -15.5%. Nearby resistance is observed at ₹2866.9 (0.31% above current price), with support at ₹2843.8 (0.50% below current price). A confirmed break below ₹2843.8 could signal further downside, while a sustained move above ₹2866.9 might indicate a shift in short-term momentum.

- Bearish daily/weekly trend vs. bullish monthly trend, with established trend strength across timeframes.
- Price positioned near the lower end of short-term ranges (20-day and 50-day).
- Annualized volatility at +22.6% and current drawdown at -15.5% indicate elevated risk.
- Nearest resistance at ₹2866.9 (0.31% above) and support at ₹2843.8 (0.50% below).
- Invalidation of bearish setup: sustained move above ₹2866.9; confirmation of bearish setup: break below ₹2843.8.

- Inside Bar
- Doji

### News Context

Grasim Industries announced several key developments in the past week. On September 23, 2026, its subsidiary, Aditya Birla Renewables Limited (ABReN), approved the allotment of over 231.5 million equity shares to Grasim Industries at ₹10.15 per share, totaling ₹2,349.99 million. This transaction increased ABReN's paid-up equity share capital. Separately, on September 18, 2026, Grasim disclosed that its Canadian pulp manufacturing joint venture, AV Group NB Inc. (AVNB), will temporarily idle its Nackawic facility around the end of October 2026 due to challenging market conditions. Grasim holds a 45% stake in AVNB, with an investment of ₹187.41 crore. Additionally, the company informed exchanges on September 24, 2026, about the closure of its trading window from October 1, 2026, until 48 hours after the announcement of its unaudited financial results for the quarter and half-year ending September 30, 2026. The company also published a notice regarding lost share certificates on September 24, 2026.

- On September 23, 2026, Grasim's subsidiary ABReN allotted over 231.5 million equity shares to Grasim for ₹2,349.99 million.
- Grasim's Canadian pulp joint venture, AVNB, will temporarily idle its Nackawic facility around end-October 2026 due to market conditions.
- Grasim announced a trading window closure from October 1, 2026, for designated persons ahead of its Q2 FY27 results.
- A public notice regarding lost share certificates was published on September 24, 2026.

- Grasim Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window
- Grasim Industries Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL
- Newspaper Advertisement - Public Notice regarding loss of Share Certificates |SUBJECT: Copy of Newspaper Publication
- Allotment of Equity Shares by Aditya Birla Renewables Limited, a subsidiary of the Company |SUBJECT: General Updates
- Update on Joint Venture |SUBJECT: Updates

### What Changed

Grasim Industries, trading on the BSE, experienced a slight price decrease to ₹2,858.0 on October 12, 2026, down from ₹2,890.0 previously. The available data does not indicate any new filings or news developments as of the report date.

- Grasim Industries' stock price was ₹2,858.0 on October 12, 2026, a decrease from the prior price of ₹2,890.0.

### Official Filings

Grasim Industries Limited has provided updates on several fronts. On September 23, 2026, its subsidiary, Aditya Birla Renewables Limited (ABReN), approved the allotment of approximately 231.5 million equity shares to Grasim Industries for a total consideration of ₹2,349.9 million. This transaction increases ABReN's paid-up equity share capital. Separately, on September 18, 2026, Grasim announced that its Canadian pulp manufacturing joint venture, AV Group NB Inc., will temporarily idle its Nackawic facility around the end of October 2026 due to challenging market conditions. Grasim holds a 45% stake in this joint venture, with a total investment of ₹187.41 crore. Additionally, on September 12, 2026, the company disclosed that the Superintendent of Customs in Indore initiated a search at its Cellulosic Staple Fibre manufacturing unit in Nagda, Madhya Pradesh, related to import-export transactions. Grasim stated this action will have no material impact on its financials or operations and confirmed full cooperation. The company also provided its financial performance for the fiscal year ended March 31, 2026, on September 3, 2026, reporting consolidated revenue of ₹1,75,431 crore, EBITDA of ₹25,872 crore, and Profit After Tax (PAT) of ₹5,208 crore, with a total capital expenditure plan of ₹3,157 crore for FY27.

- On September 23, 2026, Grasim's subsidiary ABReN allotted approximately 231.5 million equity shares to Grasim for ₹2,349.9 million.
- Grasim's Canadian pulp manufacturing joint venture, AV Group NB Inc., will temporarily idle its Nackawic facility around the end of October 2026.
- On September 12, 2026, Grasim reported a customs search at its Nagda unit concerning import-export transactions, stating no material financial or operational impact.
- For the fiscal year ended March 31, 2026, Grasim reported consolidated revenue of ₹1,75,431 crore, EBITDA of ₹25,872 crore, and PAT of ₹5,208 crore.
- Grasim has a total capital expenditure plan of ₹3,157 crore for FY27.

- [Grasim Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/GRASIM_24092026153509_SEintimation.pdf)
- [Grasim Industries Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1234_WebXMLFile_20260924_154211791.xml)
- [Newspaper Advertisement - Public Notice regarding loss of Share Certificates |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GRASIM_24092026172955_SEIntimation.pdf)
- [Allotment of Equity Shares by Aditya Birla Renewables Limited, a subsidiary of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/GRASIM_23092026152519_SEintimation.pdf)
- [Update on Joint Venture |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GRASIM_18092026144559_SEIntimation.pdf)
- [GRASIM INDUSTRIES LIMITED has informed the Exchange about Action(s) initiated or orders passed (sub-para 19) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1234_WebXMLFile_20260916_152031584.xml)
- [Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 |SUBJECT: Action(s) initiated or orders passed](https://nsearchives.nseindia.com/corporate/GRASIM_12092026164629_SEIntimation.pdf)
- [GRASIM INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1234_WebXMLFile_20260909_183935295.xml)
- [Intimation of schedule of Analysts / Institutional Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GRASIM_09092026183813_SEIntimation.pdf)
- [Corporate Dossier of Grasim Industries Limited |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GRASIM_03092026190429_SEIntimation.pdf)

### Fundamentals

Grasim Industries reported sequential growth in revenue from operations for Q1 FY2026-27, reaching ₹48,716.20 crore, a decrease from ₹51,101.11 crore in Q4 FY2025-26. Despite the sequential revenue dip, profit metrics showed improvement. Profit Before Exceptional Items And Tax increased to ₹5,170.23 crore from ₹5,046.87 crore, and Net Profit rose to ₹3,846.28 crore from ₹3,802.23 crore sequentially. Operating Profit Margin (OPM) also saw an increase to 23.0% in Q1 FY2026-27 from 21.0% in Q4 FY2025-26, indicating improved profitability on a sequential basis. The company's borrowings have shown a consistent upward trend, increasing from ₹137,155 crore in March 2024 to ₹227,853 crore by March 2026. This increase in debt is accompanied by a rise in Total Liabilities from ₹412,116 crore to ₹569,134 crore over the same period, while Equity Capital remained relatively stable. The most important checkpoint for the next reporting period will be the sustainability of operating profit margins and the trend in cash flow from operations, which has been negative for the past three reported periods.

- Revenue from operations decreased sequentially to ₹48,716.20 crore in Q1 FY2026-27 from ₹51,101.11 crore in Q4 FY2025-26.
- Net Profit increased sequentially to ₹3,846.28 crore in Q1 FY2026-27 from ₹3,802.23 crore in Q4 FY2025-26, with Operating Profit Margin improving to 23.0%.
- Total Liabilities have increased from ₹412,116 crore in March 2024 to ₹569,134 crore in March 2026, with Borrowings rising to ₹227,853 crore.
- Monitor the trend in cash flow from operations and the sustainability of operating profit margins in the upcoming reporting period.

### Bull Case

Grasim Industries, trading on the BSE, shows a mixed technical picture. While daily and weekly trends indicate a bearish supertrend direction, the monthly trend is bullish. The company's market capitalization stands at ₹1,96,675.40 crore as of October 12, 2026. Over the longer term, Grasim has delivered a return of +17.0% since the start of its trading history and +1.7% over the past year. However, recent performance shows a decline, with a -12.9% return in the last month and -11.1% in the last three months.

- Monthly supertrend direction is bullish.
- Market capitalization: ₹1,96,675.40 crore as of October 12, 2026.
- Return since start: +17.0%.
- Return over the past year: +1.7%.

- [Grasim Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/GRASIM_24092026153509_SEintimation.pdf)
- [Grasim Industries Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1234_WebXMLFile_20260924_154211791.xml)
- [Newspaper Advertisement - Public Notice regarding loss of Share Certificates |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GRASIM_24092026172955_SEIntimation.pdf)
- [Allotment of Equity Shares by Aditya Birla Renewables Limited, a subsidiary of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/GRASIM_23092026152519_SEintimation.pdf)
- [Update on Joint Venture |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GRASIM_18092026144559_SEIntimation.pdf)
- [GRASIM INDUSTRIES LIMITED has informed the Exchange about Action(s) initiated or orders passed (sub-para 19) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1234_WebXMLFile_20260916_152031584.xml)
- [Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 |SUBJECT: Action(s) initiated or orders passed](https://nsearchives.nseindia.com/corporate/GRASIM_12092026164629_SEIntimation.pdf)
- [GRASIM INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1234_WebXMLFile_20260909_183935295.xml)
- [Intimation of schedule of Analysts / Institutional Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GRASIM_09092026183813_SEIntimation.pdf)
- [Corporate Dossier of Grasim Industries Limited |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GRASIM_03092026190429_SEIntimation.pdf)

### Bear Case

The daily technical indicators for Grasim Industries on the BSE suggest a weakening trend. The Average Directional Index (ADX) at 39.1 indicates strong trending conditions, while the negative slope of the 20-day Exponential Moving Average (EMA) at -100.84 and the 50-day Simple Moving Average (SMA) at -20.82 point towards downward momentum. The Super Trend indicator is also showing a bearish direction on a daily basis. This is further supported by a -15.5% current drawdown and a maximum drawdown of the same magnitude, indicating a significant decline from recent peaks. Short-term returns are also negative, with a -1.1% return over the last day and -12.9% over the last month, although the 6-month return stands at +4.2%.

- Daily Super Trend indicator is bearish.
- The 20-day EMA slope is -100.84, indicating downward price pressure.
- Current drawdown is -15.5%, with a maximum drawdown of -15.5%.
- The stock has experienced a -12.9% return over the past month.

- [Grasim Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/GRASIM_24092026153509_SEintimation.pdf)
- [Grasim Industries Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1234_WebXMLFile_20260924_154211791.xml)
- [Newspaper Advertisement - Public Notice regarding loss of Share Certificates |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GRASIM_24092026172955_SEIntimation.pdf)
- [Allotment of Equity Shares by Aditya Birla Renewables Limited, a subsidiary of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/GRASIM_23092026152519_SEintimation.pdf)
- [Update on Joint Venture |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GRASIM_18092026144559_SEIntimation.pdf)
- [GRASIM INDUSTRIES LIMITED has informed the Exchange about Action(s) initiated or orders passed (sub-para 19) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1234_WebXMLFile_20260916_152031584.xml)
- [Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 |SUBJECT: Action(s) initiated or orders passed](https://nsearchives.nseindia.com/corporate/GRASIM_12092026164629_SEIntimation.pdf)
- [GRASIM INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1234_WebXMLFile_20260909_183935295.xml)
- [Intimation of schedule of Analysts / Institutional Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GRASIM_09092026183813_SEIntimation.pdf)
- [Corporate Dossier of Grasim Industries Limited |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GRASIM_03092026190429_SEIntimation.pdf)

### FAQs

**What is the company's recent financial activity regarding its subsidiary Aditya Birla Renewables Limited (ABReN)?**

On September 23, 2026, Grasim Industries' subsidiary, Aditya Birla Renewables Limited (ABReN), approved the allotment of 231,527,093 equity shares to Grasim Industries Limited at an issue price of ₹10.15 per share. This preferential private placement amounted to a total consideration of ₹2,349,999,994. This transaction increased ABReN's paid-up equity share capital.

**What is the current technical trend and what are the nearest support and resistance levels for Grasim Industries?**

As of October 12, 2026, Grasim Industries' daily trend is indicated as 'bearish' with an ADX of 39.1 and a negative EMA 20 slope of -100.84. The monthly trend, however, is indicated as 'bullish' with an ADX of 68.11. Nearest resistance levels are observed at ₹2866.9 (0.31% above current price), ₹2880.9 (0.80% above), and ₹2887.79 (1.04% above). Nearest support levels are at ₹2843.8 (0.50% below current price) and ₹2829.8 (0.99% below).

**What is the status of Grasim's joint venture in Canada and its impact?**

Grasim Industries announced on September 18, 2026, that its Canadian pulp manufacturing joint venture, AV Group NB Inc. (AVNB), will temporarily idle its Nackawic facility, which has a capacity of approximately 190,000 tonnes per annum of dissolving-grade pulp. This decision, attributed to challenging market conditions and macroeconomic factors, is expected to take effect around the end of October 2026. Grasim holds a 45% stake in AVNB, with a total investment of ₹187.41 crore.

**When is the trading window for Grasim Industries scheduled to close and reopen?**

Grasim Industries announced on September 24, 2026, that its trading window for designated persons and their immediate relatives will close starting October 1, 2026. This closure is a regulatory measure ahead of the announcement of unaudited financial results for the quarter and half-year ending September 30, 2026. The window is expected to reopen 48 hours after the dissemination of these financial results, which is anticipated around November 16, 2026.

- [Grasim Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/GRASIM_24092026153509_SEintimation.pdf)
- [Grasim Industries Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1234_WebXMLFile_20260924_154211791.xml)
- [Newspaper Advertisement - Public Notice regarding loss of Share Certificates |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GRASIM_24092026172955_SEIntimation.pdf)
- [Allotment of Equity Shares by Aditya Birla Renewables Limited, a subsidiary of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/GRASIM_23092026152519_SEintimation.pdf)
- [Update on Joint Venture |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GRASIM_18092026144559_SEIntimation.pdf)
- [GRASIM INDUSTRIES LIMITED has informed the Exchange about Action(s) initiated or orders passed (sub-para 19) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1234_WebXMLFile_20260916_152031584.xml)
- [Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 |SUBJECT: Action(s) initiated or orders passed](https://nsearchives.nseindia.com/corporate/GRASIM_12092026164629_SEIntimation.pdf)
- [GRASIM INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1234_WebXMLFile_20260909_183935295.xml)
- [Intimation of schedule of Analysts / Institutional Investor Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GRASIM_09092026183813_SEIntimation.pdf)
- [Corporate Dossier of Grasim Industries Limited |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GRASIM_03092026190429_SEIntimation.pdf)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹2,880.9
- Risk regime: Price Risk Requires Attention

### Support levels
- 2750.55
- 2628.8
- 2563.1

### Resistance levels
- 2887.7850830078123
- 2904.1
- 2988.25

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.11% |
| return_10 | -10.44% |
| return_1m | -12.92% |
| return_1y | +1.67% |
| return_20 | -13.89% |
| return_3m | -11.07% |
| return_5 | -3.84% |
| return_6m | +4.21% |
| return_since_start | +17.03% |
| return_ytd | +0.22% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -15.49% |
| annualized_volatility | +22.55% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Profit reaches its highest level in five quarters as revenue steps back from the prior peak

In the quarter ended 30 June 2026, Grasim Industries Limited reported revenue of ₹48,716.20 crore, a decline from the previous quarter's peak but a 21.43% increase over the same period a year earlier. Despite the sequential drop in sales, profit before exceptional items and tax rose to ₹5,170.23 crore, the highest level in the past five quarters. Net profit grew 39.0% year-on-year. Total comprehensive income surged, driven largely by a swing in other comprehensive income.

## Revenue trajectory and top-line movement

Revenue from operations for the quarter stood at ₹48,716.20 crore. This represents a decrease of ₹2,384.91 crore, or 4.67%, compared to the March 2026 quarter, which had the highest revenue in the reported periods. When compared to the first quarter of the previous fiscal year, revenue increased by ₹8,598.12 crore, or 21.43%.

The segment revenue from operations matched the total revenue figure exactly. Within this total, inter-segment revenue—sales between different parts of the business—rose to ₹570.19 crore. This internal transfer volume increased by 25.03% from the prior quarter and by 41.91% year-on-year, growing at a faster pace than the overall revenue stream.

## Profitability and margin expansion

While revenue contracted sequentially, profitability advanced. Profit before exceptional items and tax reached ₹5,170.23 crore, an increase of 2.44% from the March quarter and 35.94% from the year-ago quarter. 

The relationship between revenue and profit shifted during the quarter. With revenue falling while profit rose, the ratio of profit before exceptional items and tax to revenue improved. It stood at approximately 10.6% in the latest quarter, up from 9.9% in the March quarter and 9.5% in the year-ago quarter.

Profit before tax followed a similar path, rising to ₹5,156.98 crore. This figure includes a net exceptional charge of ₹13.25 crore, which was smaller than the ₹84.61 crore charge in the March quarter and the ₹38.38 crore charge in the year-ago quarter. The reduction in exceptional charges contributed to the profit before tax growing slightly faster than the profit before exceptional items on a sequential basis.

## Tax expense and net profit

Tax expense for the quarter was ₹1,336.84 crore, an increase of 4.75% from the prior quarter and 25.35% from the year-ago period. The effective tax rate, calculated as tax expense divided by profit before tax, was approximately 25.9% in the latest quarter. This is lower than the 28.3% rate recorded in the year-ago quarter. As a result, net profit grew faster than profit before tax on a year-on-year basis: net profit rose 39.0% year-on-year, while profit before tax increased roughly 37.0%. Sequentially, net profit increased 1.16%.

The profit from continuing operations specifically was ₹3,820.14 crore. The difference between total profit and continuing operations profit narrowed to ₹26.14 crore in this quarter, compared to a gap of ₹68.67 crore in the year-ago period.

## Comprehensive income and other comprehensive income

Total comprehensive income for the period was ₹6,413.49 crore, a sharp increase of 132.98% from the March quarter and 116.08% from the year-ago quarter. This increase was primarily driven by other comprehensive income (OCI), which captures gains and losses not included in the standard profit calculation.

Other comprehensive income swung from a net loss of ₹1,049.40 crore in the March quarter to a gain of ₹2,567.21 crore in the current quarter. This absolute movement of ₹3,616.61 crore accounts for the majority of the increase in comprehensive income. While net profit from operations rose modestly, the broader measure of total value added to shareholders was significantly boosted by these items outside of net profit.

## Segment profit and earnings per share

Segment profit before tax was reported at ₹5,183.12 crore, also the highest in the past five quarters, and closely aligned with consolidated profit before tax. 

Basic earnings per share from continuing operations was ₹31.64. This represents an increase of 9.59% from the prior quarter and 51.32% from the year-ago quarter. Notably, the per-share earnings grew at a faster rate than the aggregate profit from continuing operations, which rose by 3.64% sequentially. The paid-up value of equity share capital remained unchanged at ₹136.11 crore throughout the period.

## Key Takeaway

Profit reached its highest level in the past five quarters even as revenue declined from the prior quarter's peak. The ratio of profit before exceptional items to revenue improved, and the effective tax rate was lower than a year ago. The large increase in total comprehensive income was driven mainly by a swing in other comprehensive income, while core profit growth remained more moderate.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +43.74%
- FII holding: +14.63%
- DII holding: +16.13%
- Mutual fund holding: +6.38%
- Retail holding: +7.21%
- Promoter pledged: +0.00%

### Major reported shareholders

- Birla Group Holdings Private Limited — +23.18% (Bodies Corporate)
- IGH Holdings Private Limited — +6.64% (Bodies Corporate)
- Life Insurance Corporation of India — +6.59%
- Pilani Investment and Industries — +4.46% (Bodies Corporate)
- Hindalco Industries Limited — +4.29% (Bodies Corporate)
- P.T. Indo Bharat Rayon — +2.94% (Bodies Corporate)
- Citibank N.A. New York, NYADR Department — +2.53%
- SBI Nifty 50 ETF — +1.60%
- Gagandeep Credit Capital Pvt Ltd — +1.46%
- NPS Trust A/c UTI Pension Fund Limited-Scheme Stat — +1.44%

## Official filings

- 2026-10-12 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/GRASIM_12102026170218_SEIntimationSpecificationsRelatedToISIN.pdf)
- 2026-09-24 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_24092026153509_SEintimation.pdf)
- 2026-09-24 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1234_WebXMLFile_20260924_154211791.xml)
- 2026-09-24 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_24092026172955_SEIntimation.pdf)
- 2026-09-23 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_23092026152519_SEintimation.pdf)
- 2026-09-18 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_18092026144559_SEIntimation.pdf)
- 2026-09-16 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1234_WebXMLFile_20260916_152031584.xml)
- 2026-09-12 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_12092026164629_SEIntimation.pdf)
- 2026-09-09 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1234_WebXMLFile_20260909_183935295.xml)
- 2026-09-09 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_09092026183813_SEIntimation.pdf)
- 2026-09-03 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_03092026190429_SEIntimation.pdf)
- 2026-08-28 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1234_WebXMLFile_20260828_164420935.xml)
- 2026-08-28 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_28082026163345_SEIntimation_signed.pdf)
- 2026-08-26 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_26082026111911_SEIntimationESGRating.pdf)
- 2026-08-24 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_24082026144105_SEIntimationNewspaperAdv.pdf)
- 2026-08-22 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_22082026185423_SEintimation.pdf)
- 2026-08-22 — Management Change: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_22082026191129_SEIntimation.pdf)
- 2026-08-21 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_21082026153528_SEintimation_.pdf)
- 2026-08-21 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_21082026154352_Seintimation.pdf)
- 2026-08-21 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_21082026191923_SEIntimationAcquisition.pdf)
- 2026-08-21 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1234_WebXMLFile_20260821_193037190.xml)
- 2026-08-17 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1234_WebXMLFile_20260817_190554992.xml)
- 2026-08-17 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_17082026190407_SEIntimation.pdf)
- 2026-08-13 — Generic Announcement: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_13082026141612_SEIntimation.pdf)
- 2026-08-12 — Earnings Presentation: Grasim Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GRASIM_12082026143745_Seintimation.pdf)

## News and market events

- 2026-10-01 — The Hindu: **Markets open lower as FII selling, high bond yields weigh on sentiment** — The Sensex, which closed at 72,480.29 on September 30, opened at 72,192.89 on Thursday; Nifty 50, which closed at 22,620.45, opened at 22,543.70 — [Source](https://www.thehindubusinessline.com/markets/stock-markets/markets-open-lower-as-fii-selling-high-bond-yields-weigh-on-sentiment/article71531353.ece)
- 2026-09-28 — Mint: **Paint makers face a crude shock as competition stays fierce** — Crude inflation is squeezing paint makers’ margins just as Birla Opus and JSW Dulux intensify the market-share battle, leaving incumbents to balance price hikes, demand and profitability. — [Source](https://www.livemint.com/market/mark-to-market/paint-stocks-margin-pressure-crude-oil-prices-asian-paints-berger-kansai-11790573619726.html)
- 2026-09-24 — BUSINESS: **Board of Aditya Birla Renewables allots 23.15 cr equity shares to Grasim Industries** — At meeting held on 23 September 2026 — [Source](https://www.business-standard.com/markets/capital-market-news/board-of-aditya-birla-renewables-allots-23-15-cr-equity-shares-to-grasim-industries-126092400177_1.html)
- 2026-09-22 — MONEYCONTROL: **Taking Stock: Market snaps 4-day winning streak; Nifty below 23,350, Sensex down 330 pts** — Stock Market Today,Taking Stock,Sensex,Nifty,Market Today,Sensex Today, Nifty Today,Stock Market Today,India Stock Market Today,Share Market Today — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-market-snaps-4-day-winning-streak-nifty-below-23-350-sensex-down-330-pts-14035361.html)
- 2026-09-18 — The Hindu: **Sensex today | Stock Market Highlights: Sensex slips but Nifty gains 75 points by closing as easing crude offers relief** — Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended mixed on Friday, with the Nifty 50 gaining over 75 points while the Sensex closed marginally lower, as easing crude oil prices provided some relief to domestic equities. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-18th-september-2026/article71477821.ece)
- 2026-09-18 — Economic Times: **Capitalmind Flexi Cap Fund adds Divi’s Laboratories, Bajaj Auto and 3 other stocks in August** — Capitalmind Flexi Cap Fund made five fresh additions and completely exited five stocks from its portfolio in August, while keeping its exposure unchanged in 27 stocks. The fund had 32 stocks across 17 sectors, with healthcare accounting for the largest allocation. Heres a look at the stocks added and exited, sector allocation and the funds performance since inception. — [Source](https://economictimes.indiatimes.com/mf/analysis/capitalmind-flexi-cap-fund-adds-divis-laboratories-bajaj-auto-and-3-other-stocks-in-august/articleshow/134328679.cms)
- 2026-09-16 — The Hindu: **Aditya Birla Group seeks approval for aircraft leasing in GIFT City** — Aditya Birla Group’s UHG Holdings IFSC has sought regulatory approval to undertake aircraft leasing activities under the IFSCA framework in GIFT City. — [Source](https://www.thehindubusinessline.com/money-and-banking/aditya-birla-group-entity-seeks-gift-city-nod-to-enter-aircraft-leasing/article71472423.ece)
- 2026-09-15 — MONEYCONTROL: **Buy Grasim Industries; target of Rs 3800: Motilal Oswal** — Motilal Oswal, Grasim Industries, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-grasim-industries-target-of-rs-3800-motilal-oswal-14030185.html)
- 2026-09-15 — IANSLIVE.IN: **Indian equities open higher defying weak global cues** — Mumbai, Sep 15 (IANS) Indian equity benchmarks opened higher on Tuesday despite global markets remaining under pressure amid elevated US bond yields and crude oil prices. — [Source](https://ianslive.in/indian-equities-open-higher-defying-weak-global-cues--20260915094323)
- 2026-09-06 — Economic Times: **Paint makers expect healthy FY27 demand amid price hikes; competition intensity remains high** — Leading paint firms foresee sustained double-digit growth through the festive season. Companies are implementing price increases to manage rising input costs effectively. Demand remains robust from housing and infrastructure sectors, supporting industry projections. Fierce competition persists across all paint market segments. — [Source](https://economictimes.indiatimes.com/industry/cons-products/paints/paint-makers-expect-healthy-fy27-demand-amid-price-hikes-competition-intensity-remains-high/articleshow/133837223.cms)
- 2026-09-01 — Mint: **Shares to buy or sell: Chandan Taparia of Motilal Oswal recommends three stocks to buy today - 1 September 2026** — Indian stock indices Sensex and Nifty 50 are expected to open flat to negative on 1 Sept, influenced by weak global cues. Previous session saw Nifty close below 24,100 with lower momentum. Analysts suggest broader trading range with stocks like Sona BLW and Aurobindo Pharma recommended for buying. — [Source](https://www.livemint.com/market/stock-market-news/shares-to-buy-or-sell-chandan-taparia-of-motilal-oswal-recommends-three-stocks-to-buy-today-1-september-2026-11788226667822.html)
- 2026-08-27 — CNBC-TV18: **Why Grasim is ICICI Securities' preferred cement play** — Navin Sahadeo, Analyst of ICICI Securities expects continued high dividends from UltraTech Cement and improving traction in Grasim’s paints and B2B e-commerce businesses. Meanwhile, the cement sector faces near-term pressure, with the July-September quarter of 2026 (Q2FY27) realisations expected to decline 1–1.5% sequentially and EBITDA per tonne potentially falling ₹200–250. — [Source](https://www.cnbctv18.com/market/grasim-cement-sector-ultratech-pricing-profit-pressure-wire-cable-paint-icici-securities-19978120.htm)
- 2026-08-27 — Mint: **Stocks to buy for short term: Amol Athawale of Kotak Securities bullish on 3 stocks; do you own any?** — Amol Athawale from Kotak Securities highlights three stocks poised for growth in the coming weeks amidst a fluctuating market. With pivotal resistance levels identified, traders have potential opportunities for profit.  — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-for-short-term-amol-athawale-of-kotak-securities-bullish-on-3-stocks-do-you-own-any-11787754452058.html)
- 2026-08-23 — Mint: **Grasim eyes ₹2 lakh crore revenue in FY27 as growth platforms scale up: KM Birla | Company Business News** — Grasim Industries set to reach a consolidated revenue of ₹2 lakh crore in FY27, nearly double the level five years ago, driven by a diversified portfolio spanning building materials, financial services, digital commerce and renewable energy, says Chairman KM Birla. — [Source](https://www.livemint.com/companies/news/grasim-eyes-rs-2-lakh-crore-revenue-in-fy27-as-growth-platforms-diversified-portfolio-scale-up-kumar-mangalam-km-birla-11787500761228.html)
- 2026-08-18 — Mint: **Stocks to buy for short term: Grasim, Quess Corp among 6 stocks experts recommend buying today for next 1-2 weeks** — Experts suggest capitalising on bullish momentum by targeting six stocks poised for growth over the next 1-2 weeks. With a focus on disciplined risk management, this article reveals key levels and potential upside for smart investors seeking short-term opportunities. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-for-short-term-grasim-quess-corp-among-6-stocks-experts-recommend-buying-today-for-next-1-2-weeks-11787027051128.html)
- 2026-08-14 — Mint: **Aditya Birla Group’s new brand fee could fetch promoter entity ₹1,000 cr a year | Company Business News** — The promoter entity will receive a fee equivalent to 0.25% of the standalone revenue of all listed and unlisted group companies using the brand, capped at a maximum of ₹225 crore. The fee will be levied from 1 June 2026. — [Source](https://www.livemint.com/companies/news/aditya-birla-group-s-new-brand-fee-could-fetch-promoter-entity-1-000-cr-a-year-11786630223996.html)
- 2026-08-13 — BUSINESS: **Sensex remains subdued amid weekly F&O expiry; European mrkt advance** — Metal, Oil & gas and private bank shares declined while realty, FMCG and media counter advanced. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-remains-subdued-amid-weekly-f-o-expiry-european-mrkt-advance-126081300892_1.html)
- 2026-08-13 — The Hindu: **Q1 Results Today Live: TMPV shares gain ahead of Q1 results today, Page Industries, Solar Ind, LG Electronics, Max Healthcare, GIC, Godrej, Jubilant Foodworks, Amber Enterprises, Indraprastha, Brigade, JSW Cement, Honasa to announce Q1 results** — Q1 Results Today, 13th August 2026 Live Updates: Follow Q1FY27 live updates from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-solar-ind-tmpv-lg-electronics-max-healthcare-gic-godrej-ind-jubilant-foodworks-amber-enterprises-brigade-jsw-cement-honasa-consumer-tmcv-hal-results-13-august-2026/article71335955.ece)
- 2026-08-13 — Mint: **Stocks to watch: Tata Motors PV, Jio Financial, Lenskart among shares in focus today; check list here** — Stock market today: Gift Nifty was trading near the 24,446.5 mark, down over 24 points from the previous close of Nifty futures. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-tata-motors-pv-jio-financial-lenskart-among-shares-in-focus-today-check-list-here-11786586543838.html)
- 2026-08-12 — The Hindu: **Sensex today | Stock Market Live: Sensex traded lower at 77,890.88, Nifty 50 was down 0.40%; Tata stocks tumble** — Sensex, Nifty, Share Prices Live: Markets were off the day’s low at around 3 pm. Sensex traded 263.37 points or 0.34% lower at 77,890.88, and Nifty 50 was down 97.50 points or 0.40% to 24,374.20. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-12-august-2026/article71332253.ece)
- 2026-08-12 — MONEYCONTROL: **Grasim Industries Q1 results: Net profit jumps 51% to Rs 2,146 crore, revenue rises 21%** — grasim industries q1 results, grasim industries q1 earnings, grasim industries share price, grasim industries stock update — [Source](https://www.moneycontrol.com/news/business/earnings/grasim-industries-q1-results-net-profit-jumps-51-to-rs-2-146-crore-revenue-rises-21-14003020.html)
- 2026-08-12 — CNBC-TV18: **Q1 Results Live Updates: HAL beats Street estimates; EID Parry profit falls 42%** — Q1 Results LIVE Updates: Apollo Hospitals and Grasim are among the final Nifty 50 names that will be reporting their results today along with broader market names such as HAL, IRCTC, IRCON, Lenskart, Astral, Tata Motors CV, among others. Manappuram, PI Industries, Bata India, Senco Gold, and others will also be reacting to their results. Watch this space for all the LIVE Q1 result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-hal-apollo-hosp-manappuram-irctc-ircon-lenskart-grasim-pi-ind-astral-share-price-liveblog-19967133.htm)
- 2026-08-11 — CNBC-TV18: **Market Pulse: Key triggers to watch before the August 12 trading session** — Indian investors will track developments around the US-Iran talks, after Pakistan Defence Minister Khawaja Asif said that “things are shaping up again in favor of a peace arrangement”. US markets were largely flat amid uncertainty over a possible agreement, while crude oil prices hovered around $90 a barrel. Investors will also watch the US July Consumer Price Index (CPI) and core CPI data for cues on the impact of higher energy prices on inflation and consumer costs amid the Iran conflict.Domestically, India’s July CPI inflation data will be released in the evening. The market will track the print amid concerns over the impact of a weak monsoon on the economy. On the earnings front, Hindustan Aeronautics Ltd (HAL), Grasim Industries Ltd, Tata Motors, Apollo Hospitals Enterprise Ltd and GMR Airports are among the major companies scheduled to report their Q1 FY27 results on Wednesday. — [Source](https://www.cnbctv18.com/photos/market/market-pulse-key-triggers-to-watch-before-the-august-12-trading-session-19966901.htm)
- 2026-08-11 — Mint: **Shares to buy or sell: Chandan Taparia of Motilal Oswal recommends three stocks to buy today - 11 August 2026** — On 11 August, Indian stocks may decline as global cues are mixed. Nifty 50 and Sensex closed flat previously, and market analysts suggest key trading ranges while recommending stocks like TVS Motor Company and Shriram Finance. — [Source](https://www.livemint.com/market/stock-market-news/shares-to-buy-or-sell-chandan-taparia-of-motilal-oswal-recommends-three-stocks-to-buy-today-11-august-2026-11786380082239.html)
- 2026-08-10 — The Hindu: **Titan surges 2.78%, SBI drags; Nifty clings to gains amid geopolitical jitters** — Titan Company led the gainers, rising 2.78% to ₹5,078.20, with an intraday high of ₹5,122.20 — [Source](https://www.thehindubusinessline.com/markets/stock-markets/titan-surges-278-sbi-drags-nifty-clings-to-gains-amid-geopolitical-jitters/article71327486.ece)

## Business profile

**Strategic vision:** Diversified manufacturer of fibers, chemicals, textiles, and insulators.

### Business segments
- **Viscose Staple Fibre (VSF):** Manufactures biodegradable cellulose fibers derived from wood pulp, supplied to textile spinners and garment manufacturers.
- **Chemicals & Specialty Materials:** Produces caustic soda flakes, liquid chlorine, hydrochloric acid, epoxy resins, and electro-porcelain insulators.
- **Decorative Paints (Birla Opus):** Develops and manufactures interior and exterior house paints, enamels, and wood finishes across automated domestic plants.

### Competitive strengths
- Closed-loop sourcing of key raw materials between chemical and VSF divisions.
- Backward integration of chemical supplies into decorative paint manufacturing.
- Leveraging existing group distribution networks for new product launches.
- Holding company structure for key financial and building materials subsidiaries.

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## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/grasim
Markdown representation: https://faxioms.com/stocks/grasim?render=md