Grasim Industries Q4 Results: Net loss narrows to Rs 163 crore, Rs 10 dividend announced

Grasim Industries Q4 Results: Shares of Grasim Industries gained over 1 per cent on Wednesday after the Aditya Birla Group flagship reported better-than-expected March quarter revenue and operating performance, while investors cheered strong traction in its paints business, Birla Opus.

The stock was trading 1.1 per cent higher at Rs 2,968 after the earnings announcement. Grasim shares have risen nearly 8 per cent over the last one month and have now turned positive on a year-to-date basis.

Birla opus continues market share gains

The spotlight remained on Grasim’s paints business, Birla Opus, which continued to scale up operations rapidly during the quarter.

In its earnings release, the company said Birla Opus recorded a 52 per cent year-on-year rise in revenue during the March quarter, while volumes grew 17 per cent sequentially. The company also indicated that the paints business gained nearly 90 basis points of market share compared to the previous quarter.

The performance comes as Grasim continues to aggressively expand its presence in the decorative paints segment, competing with established players through wider distribution and capacity additions.

Q4 Revenue, EBITDA beat expectations

For the quarter ended March 2026, Grasim reported a standalone net loss of Rs 163 crore, improving from a loss of Rs 288 crore in the year-ago period. However, the loss was slightly higher than the Rs 129 crore estimate from a CNBC-TV18 poll.

Revenue for the quarter rose 32 per cent year-on-year to Rs 11,774 crore, compared to Rs 8,926 crore last year. The topline performance came in ahead of the CNBC-TV18 estimate of Rs 10,582 crore.

EBITDA more than doubled to Rs 540 crore from Rs 221 crore in the corresponding quarter last year, also surpassing analyst expectations of Rs 464 crore.

The company’s EBITDA margin expanded sharply to 4.6 per cent from 2.48 per cent a year ago, reflecting operational improvement across businesses.

Fibre, chemicals businesses deliver mixed performance

Grasim’s cellulosic fibres business reported a 14 per cent increase in revenue, aided by volume growth and a favourable product mix. However, the company noted that sales volumes and realisations remained under pressure due to muted downstream demand and cheaper imports.

The chemicals business also posted healthy operational numbers. Caustic soda sales volume grew 11 per cent year-on-year to a record 321 kilo tonnes during the quarter, while EBITDA for the segment rose 3 per cent.

Revenue from the specialty chemicals business increased 5 per cent from last year, although profitability remained under pressure because of higher input costs.

Meanwhile, the company’s B2B commerce segment saw revenue more than double year-on-year, driven by customer additions, scaling up across categories and seasonal demand.

Stock extends recent gains

Investor sentiment around the stock has improved in recent weeks, supported by optimism around the paints business and expectations of stronger execution across key segments.

Despite reporting a quarterly loss, the better-than-expected revenue growth, margin improvement and continued market share gains in Birla Opus helped lift the stock during Wednesday’s trade.