In , Grasim Industries Ltd (Diversified) is outperforming Nifty 500 with +6.0% relative strength. Fundamentals: Average.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Paints segment revenue grew 30% YoY with premium/luxury segment steady at 65% of overall revenue
“The revenue market share gap with existing number two paint player is now reduced to around 300 basis points based on the guided decorative segment revenues which includes their footy”
What: Price rise taken in January-February 2026 to maintain competitive positioning against market leader
“we have taken two to six% price rise in January and February against standard dealer price list across a range of products to test”
What: All-round performance across cement, paints and B2B businesses driving 30% YoY revenue growth
“Starting with key business building material revenue for the segment grew by 30% year-on-year driven by all round performance across cement paints and B2B led by the sector's strong outlook.”
Earnings deceleration risks from management commentary
Trigger: Continued Chinese import pressure
Management view: The business performance for the quarter was doubled due to cheaper imports from China which has created over supply and lower downstream demand.
Monitor: Chemical segment margins
Trigger: AC price increases continue
Management view: Higher AC price resulted in lower profitability and speciality chemical business which was partially offset by lower BPA prices.
Monitor: Specialty chemical margins
Key quotes from recent conference calls
“The revenue market share gap with existing number two paint player is now reduced to around 300 basis points based on the guided decorative segment revenues which includes their footy — Management”
“we have taken two to six% price rise in January and February against standard dealer price list across a range of products to test — Management”
“Starting with key business building material revenue for the segment grew by 30% year-on-year driven by all round performance across cement paints and B2B led by the sector's strong outlook. — Management”
“Consumer demand is uh building up and uh we remain confident and uh and remain uh we continue to guide that uh we will deliver the 10,000 cr in the third year in third full year of operation. — Management”
Forward-looking targets from management for FY27
Key Milestones
• Deliver 10,000 cr in third full year of operation
• Exit FI27 at break even level
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +25% | +16% | Stable |
| PAT (Net Profit) | +29% | -12% | Stable |
| OPM | 20.0% | +100 bps | Expanding |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Grasim Industries Ltd's latest quarterly results (Dec 2025) show
Grasim Industries Ltd's profit is growing with an stable trend.
Grasim Industries Ltd's revenue growth trend is stable.
Grasim Industries Ltd's operating margin is expanding.
Grasim Industries Ltd's long-term compounding rates
Grasim Industries Ltd's earnings growth is stable with mixed signals on a sequential basis.
Grasim Industries Ltd's trailing twelve month (TTM) performance
Grasim Industries Ltd appears overvalued based on our fair value analysis.
Grasim Industries Ltd's current PE ratio is 43.8x.
Grasim Industries Ltd's current PE is 43.8x.
Grasim Industries Ltd's price-to-book ratio is 2.0x.
Grasim Industries Ltd is rated Average with a fundamental score of 43.28/100. This score is calculated from objective financial metrics
Grasim Industries Ltd has a debt-to-equity ratio of N/A.
Grasim Industries Ltd's return ratios over recent years
Grasim Industries Ltd's operating cash flow is negative (FY2025).
Grasim Industries Ltd's current dividend yield is 0.34%.
Grasim Industries Ltd's shareholding pattern (Mar 2026)
Grasim Industries Ltd's promoter holding has increased recently.
Grasim Industries Ltd has been outperforming Nifty 500 for 1 consecutive week, indicating early-stage outperformance.
Grasim Industries Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Grasim Industries Ltd has 3 key growth catalysts identified from recent earnings analysis
Grasim Industries Ltd has 2 key risks worth monitoring
In Q3 FY26, Grasim Industries Ltd's management highlighted
Grasim Industries Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Grasim Industries Ltd may be worth studying
Grasim Industries Ltd investment thesis summary:
Grasim Industries Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
