Grasim Q2 posts ₹234 Cr consolidated net loss

GRASIM Grasim Industries Limited (GRASIM) reported a consolidated net loss of ₹234.08 Cr in Q2FY27, compared with a profit in the year-ago and sequential quarters. Revenue from operations rose 25.58% YoY and 2.85% QoQ to ₹50,105.18 Cr EBITDA stood at ₹6,179.49 Cr, up 26.85% YoY but down 20.49% QoQ. EBITDA margin improved slightly to 12.33% from 12.21% YoY, though it declined from 15.95% in the previous quarter. The consolidated loss was driven by an exceptional charge of approximately ₹767 Cr towards impairment and estimated exposure in its Canadian pulp joint venture, AV Group NB Inc. Standalone performance was stronger, with revenue at a record ₹12,747 Cr and reported PAT of ₹2,306 Cr. The key triggers are the consolidated net loss of ₹234.08 Cr due to the Canadian JV exceptional charge, alongside strong 25.58% YoY revenue growth to ₹50,105.18 Cr. Underlying operations remain resilient across cement, fibres, chemicals and paints, with standalone results boosted by UltraTech dividend income. Peers such as UltraTech Cement, Ambuja Cements and Shree Cement may face comparison on cement volume and realisation trends. Near-term prices could react mixed, with the exceptional loss weighing against operational strength. Risks include further JV impairments, input cost inflation, or slower demand in building materials. Competitors listed: UltraTech Cement, Ambuja Cements, Shree Cement. We have no financial interest in this news.