Grasim Industries Q3FY26 Result Preview: Grasim Industries is set to announce its standalone results for the December quarter (Q3FY26) on February 10, and according to estimates by the Zee Business Research Team, the company is likely to report a mixed performance, with strong revenue growth from high-growth businesses offset by pressure on profitability due to continued investments in new ventures.
On a year-on-year basis, Grasim’s standalone net sales are estimated to rise around 20 per cent to about Rs 9,740 crore, compared with Rs 8,120 crore in the corresponding quarter last year. Operating performance is expected to improve meaningfully, with EBITDA projected to jump 44 per cent to around Rs 390 crore, up from Rs 270 crore a year ago. EBITDA margins are seen improving to about 4 per cent, compared with 3.3 per cent in Q3FY25.
Despite the improvement in operating metrics, Grasim is still expected to report a standalone loss of around Rs 130 crore, although this would be narrower than the Rs 168 crore loss reported in the year-ago period.
Paint business to drive topline growth
The company’s high-growth businesses, including Opus and Birla, are expected to provide strong support to revenues. The paints business, in particular, is estimated to clock around 70 per cent year-on-year growth, making it the key driver of topline expansion during the quarter.
Grasim has invested close to Rs 7,000 crore in the paints business so far. Although, the aggressive expansion is likely to give strenth to its long-term standing , the near-term impact of higher costs is expected to keep profitability under pressure.
New ventures to weigh on margins
According to the Zee Business Research Team, continued investments in new ventures such as paints, e-commerce and other digital initiatives are expected to weigh on margins and profitability in the near term. Margin expansion is likely to be limited by higher fixed costs and brand-building expenses despite improving operating leverage.
Cement business likely to have a weak show
According to Zee Business Research estimates, the cement business is likely to remain subdued in Q3FY26, with slower demand and pricing pressures impacting volumes. This is expected to be a reason behind weak overall performance, partially offsetting the gains from the fast-groing businesses.
To sum it up, Grasim’s Q3FY26 standalone results is likely to show strong topline momentum and improving EBITDA. The investors will track management commentary on margin trajectory, cash burn in new ventures and timelines for profitability, when the company announces its results on February 10.
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