Grasim Q4FY26 results lift shares to 52-week high

Stock jumps after earnings

Grasim Industries shares rose sharply on Thursday after the Aditya Birla Group flagship reported a strong set of fourth-quarter earnings and record annual revenue. The stock jumped as much as 4.27% to an intraday high of ₹3,098, as per one market update. Another market report said the stock surged 4.67% to hit a 52-week high of ₹3,110 on the NSE.

At 10:29 AM on Thursday, May 21, the stock was trading at ₹3,108, up 4.61% from the previous close. The move added to a longer-term rally, with the stock up nearly 73% over the last three years, reflecting sustained investor interest.

What the company reported for Q4FY26

Grasim reported a 28% year-on-year rise in consolidated net profit for Q4FY26 to ₹3,802 crore, compared with ₹2,973 crore in the same quarter last year. Consolidated revenue from operations climbed 15% year-on-year to ₹51,101 crore versus ₹44,267 crore a year earlier.

A separate market note also cited Q4FY26 consolidated net profit of ₹1,957.74 crore, up 30.87% year-on-year, on revenue from operations of ₹51,101.11 crore, up 15.44%. That note added profit before tax (before exceptional items and tax) rose 27.06% year-on-year to ₹5,163.06 crore, and that the company reported an exceptional loss of ₹84.61 crore in the quarter.

On a standalone basis, Grasim narrowed its quarterly loss to ₹164 crore from ₹288 crore in Q4FY25.

Full-year FY26: record revenue and higher profit

For the full financial year FY26, Grasim’s consolidated net profit increased 33% to ₹10,300 crore, compared with ₹7,756 crore in FY25. Annual consolidated revenue from operations rose 18% to an all-time high of ₹175,430 crore, up from ₹148,477 crore in the previous fiscal.

The company attributed growth to broad-based performance across its paints, chemicals, fibres, cement, and financial services businesses.

EBITDA and margin snapshot

One data point in the source also highlighted a sharp year-on-year improvement in quarterly operating performance: Q4 EBITDA was reported at ₹540 crore, up from ₹220 crore a year ago. The Q4 EBITDA margin was stated to have risen to 4.6% from 2.47%.

These figures were presented alongside the earnings-driven stock reaction, as investors tracked both profit growth and margin direction.

Market action and key price levels

Price action remained firm through the session, with the stock also described as being in strong demand on results day. Another update listed the previous close at ₹2,935.20, an open at ₹2,964.40, and volume at 8.03 lakh shares.

A separate line in the source also mentioned a share price of ₹3,060.70 as on May 21, 2026, while another quote showed ₹2,969.00 (+₹33.80, +1.15%) “as on” an unspecified time. These snippets underline that the stock saw multiple prints and updates during a volatile trading day.

Technical picture: above key moving averages

A technical indicator note in the source said Grasim was trading above all eight of its key simple moving averages (SMAs). This was described as a sign of sustained upward momentum.

Technical signals, however, were presented alongside the usual caution that expert views and recommendations are their own.

Brokerages reiterate ‘Buy’ and outline growth drivers

Sentiment was also supported by positive commentary from brokerages including Motilal Oswal Financial Services (MOFSL) and Choice Institutional Equities, both of which reaffirmed ‘Buy’ ratings. Their positive stance was linked to execution in paints and B2B e-commerce, margin expansion in VSF and chemicals, capacity expansion, and longer-term growth visibility across paints, chemicals, Lyocell, and the Birla Pivot business.

MOFSL reiterated a ‘Buy’ call with a target price of ₹3,440, citing execution in paints and B2B e-commerce, margin expansion in VSF, and healthy volume growth in chemicals. Choice retained a ‘Buy’ rating with a target of ₹3,500, implying an upside of around 13% from the then current market price, as per the report.

Another line in the source also referenced Jefferies having a buy rating on Grasim with a target price of ₹3,440.

Key numbers at a glance

Why the result mattered for investors

The day’s move reflected a combination of earnings momentum and the market’s focus on execution across multiple segments. The company’s FY26 revenue of ₹175,430 crore was described as an all-time high, and the broad-based growth narrative covered paints, chemicals, fibres, cement, and financial services.

The continued flow of ‘Buy’ ratings and targets from brokerages helped reinforce the positive tone, with published targets spanning ₹3,440 to ₹3,500 in the cited reports. Technical positioning, including the stock trading above its key SMAs, also featured in market commentary during the rally.

Conclusion

Grasim’s Q4FY26 results and record FY26 revenue triggered a sharp move in the share price, with the stock touching levels around ₹3,100 and marking a 52-week high in at least one report. Investors will next track updates on execution across paints, VSF, chemicals, and other growth initiatives as new quarterly disclosures and brokerage revisions emerge.