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Informist, Wednesday, Feb. 11, 2026

 

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--Grasim Oct-Dec net loss INR 1.74 bln 
--Analysts saw Grasim Oct-Dec net loss at INR 1.27 bln 
--Grasim Oct-Dec revenue INR 104.32 bln 
--Analysts saw Grasim Oct-Dec revenue at INR 98.83 bln 
--Grasim Oct-Dec net loss INR 1.74 bln vs loss INR 1.69 bln yr ago 
--Grasim Oct-Dec revenue INR 104.32 bln vs INR 81.20 bln year ago 
--Grasim Apr-Dec net profit INR 5.12 bln vs INR 5.00 bln yr ago 
--Grasim Apr-Dec revenue INR 292.65 bln vs INR 226.37 bln yr ago 
--Grasim Oct-Dec net loss includes one-time cost INR 476.7 mln 
--Grasim Oct-Dec operating margin 4.82% vs 3.68% yr ago 
--Grasim Oct-Dec net loss excluding one-time cost INR 1.27 bln 
--Grasim Oct-Dec EBITDA INR 5.85 bln, up 57% on year 
--Grasim spent INR 3.69 bln on capex in Oct-Dec; INR 13.10 bln in Apr-Dec 
--Grasim cellulosic staple fibre sales volume 219,000 tn, up 7% on year 
--Grasim cellulosic fibre revenue INR 42.98 bln, up 9% on year 
--Grasim: Birla Opus, Birla Putty revenue mkt share up 300 bps YoY in Q3 
--Grasim Oct-Dec caustic soda sales volume 313,000 tn, up 4% on year 
--Grasim Oct-Dec chemicals revenue INR 23.45 bln, up 5% on year 

 

By Shakshi Jain

 

NEW DELHI – Grasim Industries Ltd.'s net loss widened year-on-year in the December quarter and also missed the Street's expectation due to a one-time cost on account of the changes arising from the new labour codes. In the absence of the one-time cost, the net loss of the company would have narrowed on a year-on-year basis and met analysts' consensus estimate. The company's bottom line fell back into the red in Oct-Dec after registering a profit in the September quarter, as its total expenses exceeded the revenue for the quarter under review.

 

Meanwhile, the company's top line logged healthy double-digit year-on-year growth for the reporting quarter, surpassing the Street's expectation by a comfortable margin. This year-on-year growth was higher than in the trailing quarter.

 

Grasim Industries' net loss widened to INR 1.74 billion in the December quarter from a net loss of INR 1.69 billion in the year-ago quarter. This was due to a one-time cost of INR 476.7 million from an increase in gratuity and leave-related obligations of the company, prompted by the new labour codes. In the absence of this exceptional item, the company's net loss would have amounted to INR 1.27 billion, which perfectly matches the Street's bottom line expectation for the reporting quarter.

 

Grasim Industries' revenue from operations for the December quarter rose over 28% on year and nearly 9% sequentially to INR 104.32 billion. This is above the analysts' consensus estimate of INR 98.83 billion for the reporting quarter. 

 

Total expenses of the company rose nearly 27% on year to INR 107.31 billion for the December quarter. This was led by a near 15% on-year increase in cost of materials consumed for the quarter at INR 44.15 billion, and a 117% on-year jump in expenses tied to purchase of stock-on-trade at INR 22.91 billion. The Aditya Birla group incurred a capital expenditure of INR 3.69 billion in Oct-Dec and INR 13.10 billion in the nine months ended December.

 

SEGMENT SALES

 

Revenue of the company's cellulosic fibre segment rose 9% on year to INR 42.98 billion in the December quarter, helped by a 7% uptick in cellulosic staple fibre sales volume to 219,000 tonnes. This rise in volume was "led by higher exports and recovery of volumes lost due to temporary logistics challenges in the previous quarter," the company said in a press release.

 

Revenues from the company's chemicals business rose 5% on year in Oct-Dec to INR 23.45 billion. Led by stable demand, the company recorded highest-ever caustic soda sales volume of 313,000 tonnes in the December quarter, up 4% on year. In the global market, spot prices of caustic soda in the December quarter were $443 per tonne, down 14% on year. Domestic realisations of caustic soda were stable due to the depreciation of the rupee, the company said.

 

The building materials segment recorded a revenue of INR 251.73 billion in the December quarter, up 30% on year. "This was led by an all-round performance across cement, paints, and the business-to-business e-commerce categories," the company said. Birla Opus and Birla Putty revenue market share expanded by more than 300 basis points year-on-year in the December quarter, the company added.

 

Grasim Industries' earnings before interest, tax, depreciation, and amortisation added up to INR 5.85 billion in the December quarter, up 57% on year. Its operating margin for the three months expanded by 114 bps on year at 4.82%. 

 

In the first nine months of the current fiscal, the company's net profit rose 2.4% on year to INR 5.12 billion and its revenue rose over 29% to INR 292.65 billion. At 1128 IST, shares of the company traded at INR 2,937.30 on the National Stock Exchange, down 0.6%.  End

 

US$1 = INR 90.56

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

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