Grasim Industries Q1 FY27 Preview: PAT seen turning positive, margins likely to improve

Aditya Birla Group flagship company Grasim Industries is set to announce its financial results for the first quarter of financial year 2026-27 (Q1 FY27) on Wednesday, 12 August.

The company, in an exchange filing dated 29 July, said its board will meet to consider and approve the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026.

Grasim Industries Q1 results date

Grasim Industries will release its Q1 FY27 results on Wednesday, 12 August. The company has not specified the timing of the results announcement.

In Q4 FY26, Grasim had released its financial results during market hours.

Grasim Industries Q1 FY27 preview: What Zee Business estimates

According to Zee Business estimates, Grasim Industries is expected to report a strong improvement in its standalone financial performance in Q1 FY27.

Rs crore Q1 FY27E Q1 FY26 YoY change
Net sales 12,030 9,223 +30%
EBITDA 790 384 +105%
EBITDA margin 6.5% 4.2% +230 bps
PAT 7 -118

Standalone net sales are estimated at Rs 12,030 crore, compared with Rs 9,223 crore in the year-ago quarter, translating into a 30 per cent year-on-year increase.

EBITDA is expected to more than double to Rs 790 crore from Rs 384 crore a year earlier. This would take the EBITDA margin to an estimated 6.5 per cent, compared with 4.2 per cent in Q1 FY26.

The company is also expected to swing back to a profit at the standalone level, with Zee Business estimating PAT at Rs 7 crore against a loss of Rs 118 crore in Q1 FY26.

New-age businesses likely to support growth

The expected improvement in Grasim’s performance is likely to be supported by its high-growth businesses, including its paints and Birla Opus operations.

The paints business is estimated to record around 70 per cent year-on-year growth in revenue during the quarter, according to Zee Business estimates.

Grasim has made significant investments in its paints business, with the company committing around Rs 7,000 crore to the segment. The ramp-up of the business is expected to become increasingly important for the company’s growth profile.

The company has also been investing in e-commerce and other new businesses. The initial effect of these investments is likely to be reflected in profitability and margins as the businesses scale up. VSF, chemicals businesses to remain key monitorables The company’s established businesses are also likely to contribute to the improvement in performance.

Revenue from the viscose staple fibre (VSF) and chemicals businesses is estimated to grow 14 per cent year-on-year in Q1 FY27.

VSF EBITDA is estimated to increase 2.2 times year-on-year, indicating a sharp improvement in operating performance.

Investors will therefore track the performance of the VSF and chemicals segments alongside the ramp-up of the newer businesses when Grasim reports its results.

What happened in Q4 FY26?

Grasim had reported a 15.4 per cent year-on-year increase in consolidated revenue from operations to Rs 51,101 crore in Q4 FY26, compared with Rs 44,267 crore in Q4 FY25.

Consolidated net profit rose 28 per cent year-on-year to Rs 3,802 crore from Rs 2,973 crore in the year-ago quarter. Profit before tax stood at Rs 5,078 crore, compared with Rs 3,996 crore a year earlier.

For FY26, consolidated revenue from operations rose 18 per cent to Rs 1,75,431 crore from Rs 1,48,478 crore in FY25. Net profit stood at Rs 10,300 crore, compared with Rs 7,756 crore in the previous financial year.

The company had also announced a final dividend of Rs 10 per equity share for FY26.

With Q1 FY27 estimates pointing to a sharp improvement in standalone EBITDA and a return to profitability, investors will closely watch management commentary on the performance of the paints business, VSF and chemicals, as well as the company’s newer ventures.

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