Grasim Industries Ltd

(GRASIM)

Grasim Reports Mixed Financial Results for September 2024 - 22 Nov, 2024

Grasim Industries reported a 11.06% increase in net sales to Rs 33,562.85 crore for September 2024. However, net profit fell 66.5% to Rs 389.90 crore, and EBITDA decreased by 10.37%. EPS also dropped to Rs 5.86 from Rs 17.73. Despite these challenges, shares have shown positive returns over the last 6 and 12 months.

Grasim Industries Targets Growth in Paints and VSF - 21 Nov, 2024

Grasim Industries is ramping up its paints business, aiming for a high single-digit market share and $1 billion revenue. Analysts maintain buy ratings with revised target prices, highlighting recovery in VSF and overall revenue growth despite challenges in chemicals.

Grasim Industries Receives Upgrade Amid Paints Growth - 20 Nov, 2024

ICICI Securities has upgraded Grasim Industries to ADD with a target price of Rs 2,731, highlighting the promising ramp-up of its new decorative paints business, Birla Opus. Despite a decline in EBITDA due to losses in other segments, the paints revenue is projected to reach Rs 40 billion by FY26.

Grasim Expands Paint Capacity with New Plant - 19 Nov, 2024

Grasim Industries has commenced operations at its fourth paint manufacturing facility in Chamarajnagar, Karnataka, increasing its total capacity to 866 MLPA, positioning it as India's second-largest decorative paint manufacturer. The company aims for Rs. 10,000 crore revenue within three years.

Grasim Faces Profit Drop but Analysts Remain Positive - 18 Nov, 2024

Grasim Industries reported a 66% drop in net profit, yet revenue rose 11.1%. Analysts maintain Buy ratings, adjusting target prices amid mixed performance.

Grasim Reports Significant Profit Decline in Q2 FY2025 - 17 Nov, 2024

Grasim Industries Ltd reported a 66% decline in profit for Q2 FY2025, falling to ₹390 crore, attributed to lower cement realizations and investments in the paints business. Revenue increased by 11.1% to ₹33,562.85 crore.

Grasim's Historical Commitment to National Self-Reliance - 16 Nov, 2024

Birla highlights Grasim and metals businesses' origins, established by GD Birla to promote self-reliance and sustainability in India after Independence.

Grasim Industries Reports Significant Profit Decline - 15 Nov, 2024

Grasim Industries announced a 45.64% drop in Q2 net profit to Rs 1,100 crore, driven by lower cement profitability and increased expenses. Revenue rose 11.05% to Rs 33,562.85 crore, but EBITDA declined due to investments in renewables and paints. Total expenses increased by 15.75%. The stock closed up 0.79% at Rs 2,528.55.

Grasim Industries Reports Significant Profit Decline in Q2 - 14 Nov, 2024

Grasim Industries faced a substantial profit decline in Q2, with a 66% drop to ₹390 crore, despite an 11% revenue increase. Analysts had anticipated better performance, forecasting revenue growth of 17-20%. The company's profit dip was attributed to challenges in the renewable sector and cement profitability issues.

Grasim Shares Dip Ahead of Q2 FY25 Results - 13 Nov, 2024

Grasim Industries shares fell 1.83% to ₹2,474.95 ahead of its Q2 FY25 earnings report. Expected revenue is ₹7,493 crore, with a projected net profit of ₹888 crore.

Grasim Invests Heavily in Decorative Paints Market - 11 Nov, 2024

Grasim Industries, backed by Aditya Birla Group's Rs 10,000 crore investment, aims to become a major player in the decorative paints market, challenging Berger Paints.

Grasim Industries Shows Strong Performance and Outlook - 07 Nov, 2024

Grasim Industries trades at a significant premium with a PE of 27.4 times, up 21% in 2024. Analysts expect net debt to peak in FY25, with a target price of Rs 3,270 as core businesses recover.

Grasim Industries Targets Rs 10,000 Crore in Paints - 06 Nov, 2024

Grasim Industries, under Kumar Mangalam Birla, launched its Birla Opus brand in decorative paints, aiming for Rs 10,000 crore in revenue and a high single-digit market share by FY25.

Grasim Industries Pursues Akzo Nobel Stake Acquisition - 05 Nov, 2024

Grasim Industries is leading the acquisition of a controlling stake in Akzo Nobel India, boosting its presence in the coatings sector. The stock surged nearly 2% amid this news, with plans to generate significant revenue from its new decorative paints brand, Birla Opus.

Grasim Industries Faces Market Cap Decline - 04 Nov, 2024

Grasim Industries' shares fell by 3.18%, resulting in a market cap loss of ₹5,482 crore, now totaling approximately ₹1,72,067 crore. The decline reflects challenges in the cement sector amid macroeconomic pressures, although Grasim continues to focus on expansion and innovation.

Grasim Faces Resistance Amid Textile Recycling Partnership - 28 Oct, 2024

Grasim Industries has partnered with Circ to boost textile recycling, while technical indicators suggest bearish trends, recommending short positions in the stock.

Neutral Outlook on Paint Sector Amid Competition - 27 Oct, 2024

The paint sector faces challenges as companies like Asian Paints may struggle with pricing power due to increased competition from new entrants such as Grasim and JSW, potentially impacting revenue realizations.

Grasim Expands Renewable Business and Paints Market Strategy - 25 Oct, 2024

Grasim Industries is negotiating with Nebras Power to boost its renewable resources and is launching the Birla Opus brand to compete in the paints market.