Grasim Q3FY26 Results 2026: Revenue ₹44,312 Cr

Results snapshot: record revenue in the December quarter

Grasim Industries Limited reported a strong set of numbers for Q3FY26 (quarter ended 31 December 2025), led by higher revenue and operating profit. Consolidated revenue came in at ₹44,312 crore, up 25% year-on-year and described by the company as its highest-ever quarterly revenue. In the regulatory filing cited alongside the results, revenue from operations was reported at ₹44,311.97 crore, also up 25.25% year-on-year. The company’s Board of Directors approved the unaudited financial results at its meeting on 10 February 2026.

Profitability: EBITDA up 33%, adjusted PAT up 42%

Operational performance improved in tandem with revenue. Consolidated EBITDA for Q3FY26 rose 33% year-on-year to ₹6,215 crore, which the company attributed to favourable operating leverage and improved cost efficiencies. Consolidated adjusted PAT grew 42% year-on-year to ₹1,168 crore.

Separately, the quarter’s consolidated net profit figure cited in the regulatory coverage was ₹2,232.95 crore, up 28.76% year-on-year, versus ₹1,734.16 crore in the year-ago quarter. Investors tracking the quarter should note the article references both an adjusted PAT metric and a consolidated net profit figure, reflecting different profit definitions used in disclosures.

Segment driver: Building Materials led with 30% revenue growth

The Building Materials segment was the main contributor to the quarter’s growth momentum. Segment revenue was reported at ₹25,173 crore, up 30% year-on-year. Segment EBITDA stood at ₹3,737 crore, up 33% year-on-year, supported by improved profitability in the Cement business.

The broader narrative around the segment also included growth in Cement, Paints, and B2B E-commerce. The article notes that Cellulosic Fibres and Chemicals delivered steady performance during the quarter, helping balance the portfolio alongside the faster-growing building materials businesses.

Standalone business crosses ₹10,000 crore revenue milestone

Grasim’s standalone results marked a milestone during the quarter. Standalone revenue rose 28% year-on-year to ₹10,432 crore, crossing the ₹10,000 crore mark for the first time. The company attributed the increase to robust growth from its Paints and B2B E-commerce businesses, alongside stable performance from its core Cellulosic Fibres and Chemicals segments.

Standalone EBITDA increased 57% year-on-year to ₹585 crore. The company also said the EBITDA growth was partially offset by initial investment in its new businesses, ‘Birla Opus’ and ‘Birla Pivot’, which it said are on a roadmap for profitable growth in the coming years.

Paints and B2B: Birla Opus and Birla Pivot updates

Within paints, the article highlights progress for Birla Opus. It said market share gains accelerated in Q3FY26, with quarter-on-quarter revenue growth of nearly three times the Indian Decorative Paints industry growth rate (inclusive of Birla Opus). Based on internal estimates, the combined Birla Opus and Birla Putty revenue market share expanded by more than 300 basis points year-on-year, strengthening its number 3 position in the industry.

Other businesses: Renewables and Textiles support earnings

Revenue from “other businesses” was reported at ₹1,010 crore, up 24% year-on-year. EBITDA from these businesses was ₹234 crore, up 84% year-on-year, driven by Renewables and Textiles. The Textiles business reported revenue of ₹620 crore, up 11% year-on-year, supported by demand for premium textiles.

Chemicals: caustic volumes hit record 313 KT

In the Chemicals business, the article notes an operational record in volumes. Caustic sales volumes were the highest-ever at 313 KT, up 4% year-on-year, supported by stable domestic demand.

TTM revenue and portfolio positioning

For a longer horizon view, the company reported trailing twelve months (TTM) consolidated revenues of ₹1,68,597 crore, up 14% compared with FY25. It also reiterated that its diversified portfolio spanning Cellulosic Fibres, Chemicals, Cement, Paints, and Financial Services provides multiple growth engines aligned with the Government’s “Viksit Bharat” vision.

The article links this positioning to themes such as public capex, infrastructure expansion, manufacturing-led growth, and investments across transport, housing, energy transition, and urban infrastructure, which can support demand across Grasim’s operating segments.

Investor communication: earnings call audio made public

After the results announcement, Grasim held an earnings call on 11 February 2026. The company made the audio recording publicly available, which it framed as part of investor transparency.

Stock move and price performance indicators

On the day referenced in the coverage, Grasim shares settled at ₹2,954.50 on BSE, up 0.98% from the previous close. Another data point in the article states that on 10 February, the stock closed 1.15% higher on the NSE at ₹2,960.

Why this quarter matters for investors

The Q3FY26 numbers show a combination of scale-up in Building Materials and improving operating leverage at the consolidated level, reflected in EBITDA growth outpacing revenue growth. The standalone milestone of ₹10,432 crore revenue highlights how newer initiatives like Paints and B2B E-commerce are becoming more material within the parent entity’s reported performance. At the same time, the company’s disclosures point to ongoing investment in new businesses, which can influence near-term profitability even as operating metrics expand.

Conclusion

Grasim’s Q3FY26 outcome combined record consolidated revenue of ₹44,312 crore with 33% EBITDA growth to ₹6,215 crore and 42% growth in adjusted PAT to ₹1,168 crore. Building Materials remained the key growth driver, while Cellulosic Fibres and Chemicals were described as steady. Following the board approval on 10 February 2026 and the earnings call on 11 February 2026, investors will watch for further disclosures as the company continues to scale Paints and B2B initiatives alongside its established businesses.