Grasim FY26 results: ₹10 dividend, profit up 28%

Results day: FY26 numbers, dividend and governance updates

Grasim Industries Limited, part of the Aditya Birla Group, reported its audited financial results for the quarter and year ended March 31, 2026 on May 20, 2026. The company said consolidated net profit grew 28% year-on-year during the fourth quarter, alongside a year-end set of board decisions relevant for shareholders.

Along with the results, the Board of Directors recommended a final dividend of ₹10 per equity share for FY26, subject to shareholder approval. The company also confirmed a change in joint statutory auditor, with Deloitte Haskins & Sells LLP appointed for a five-year term starting from the 79th Annual General Meeting.

Beyond financial performance, Grasim’s updates included a note on its earnings call availability, details around its board meeting agenda, and an update linked to a National Company Law Appellate Tribunal (NCLAT) order that set aside a penalty previously imposed by the Competition Commission of India (CCI).

FY26 consolidated income and net profit, as reported

For the full financial year ended March 31, 2026, Grasim reported total consolidated income of ₹176,610.86 crore. This compared with ₹149,936.93 crore in the previous fiscal year, as per the figures disclosed.

The consolidated net profit for FY26 was reported at ₹10,300.29 crore, up from ₹7,756.33 crore in FY25. The company also disclosed a consolidated exceptional loss of ₹322.92 crore for the year.

On a standalone basis, Grasim reported revenue from operations of ₹41,039.48 crore for the year and a net profit of ₹348.39 crore.

Separately, another set of figures in the provided information stated that on a full-year basis consolidated net profit rose 34.02% to ₹4,966.48 crore in FY26 compared with ₹3,705.68 crore in FY24, and that revenue from operations increased 18.15% to ₹175,430.74 crore in FY25 compared with ₹148,477.89 crore in the previous fiscal. These numbers were presented alongside the FY26 dividend recommendation.

Fourth quarter: profit growth and PBT metric disclosed

For Q4 ended March 31, 2026, Grasim stated that consolidated net profit grew 28% year-on-year. While the Q4 net profit figure itself was not included in the provided details, the company disclosed that profit before tax, exceptional items and tax increased 27.06% year-on-year to ₹5,163.06 crore for the quarter ended March 31, 2026.

This metric is typically tracked by investors to understand underlying profitability before one-off items. The company also reported an exceptional loss at the full-year level, indicating that exceptional items remained a consideration in FY26 reporting.

Dividend: ₹10 per share (500% on face value of ₹2)

Grasim’s board recommended a final dividend of ₹10 per equity share for FY26. The company described this as 500% on the face value of ₹2 per share.

The dividend recommendation is subject to shareholder approval at the upcoming Annual General Meeting. The company reiterated the same payout details across multiple disclosures, positioning the distribution as a key shareholder-related decision taken alongside the audited results.

Auditor appointment: Deloitte named joint statutory auditor

Grasim confirmed the appointment of Deloitte Haskins & Sells LLP (also referenced as Deloitte Haskins & Sells Chartered Accountants LLP in the provided information) as the new joint statutory auditor.

The appointment is for a five-year term starting from the company’s 79th Annual General Meeting. The change follows completion of the term of M/s BSR & Co. LLP.

Board meeting, earnings call and trading window status

Grasim had scheduled a Board of Directors meeting for Wednesday, May 20, 2026 to consider and approve standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The agenda also included considering and recommending a dividend, if any, on equity shares for the year.

The company also scheduled an earnings conference call on May 20, 2026 at 4:00 PM IST, with a business update and a Q-and-A session by senior management. Later, Grasim stated that the audio recording of the earnings call for the quarter and year ended March 31, 2026 was available through a link on its website.

On dealing restrictions, Grasim stated the trading window was closed from April 1, 2026 until 48 hours after the announcement of financial results. The company indicated the trading window was expected to reopen on May 23, 2026.

Regulatory update: NCLAT sets aside CCI penalty, matter remanded

Grasim disclosed that, as a result of an NCLAT order dated May 5, 2026, a penalty of ₹301.61 crore and certain behavioural directions imposed by the CCI had been set aside.

The matter was remanded back to the CCI for fresh hearing and consideration, as per the update provided. The disclosure adds a regulatory track for investors to monitor, separate from operating performance.

Street view cited: Jefferies keeps Buy, points to dividend inflow

A brokerage update in the provided information said Jefferies maintained a Buy rating on Grasim Industries with a target price of ₹3,440. The note cited a sharp rise in dividend inflow of ₹3,970 crore from UltraTech Cement’s payout.

This was presented as a factor supporting the brokerage’s stance, alongside the broader results-day context.

Key facts table

Timeline of key events disclosed

Why the FY26 update matters for shareholders

The FY26 release bundled several decision points: audited performance numbers, a ₹10 per share final dividend recommendation, and a governance change in statutory auditors. For investors, these disclosures provide fresh inputs on profitability trends, the scale of consolidated income, and the extent of exceptional items reported during the year.

The regulatory update adds a parallel thread, with the penalty being set aside and the case returning to the CCI for a fresh hearing. Meanwhile, the trading-window timeline and earnings call recording availability provide practical markers for market participants tracking the flow of information around results.

What to track next

The dividend recommendation remains subject to shareholder approval at the upcoming Annual General Meeting. Investors will also watch for any further disclosures tied to the remanded CCI matter following the NCLAT order.

With the appointment of Deloitte Haskins & Sells LLP set to begin from the 79th AGM and the trading window expected to reopen after the results disclosure window, the next set of formal updates will likely be linked to shareholder approvals and subsequent regulatory or corporate announcements.