Grasim Industries Ltd Q1 FY27 profit surge

Grasim reported Q1 FY27 consolidated net profit of ₹2,146 crore (+51% YoY) and standalone net profit of ₹247 crore, with consolidated revenue up 21% YoY and standalone revenue up 28% YoY, reflecting strong performance across VSF, cement and growth businesses. On the JV front, Grasim’s 45%‑owned AV Group NB will temporarily idle its 190 ktpa dissolving‑grade pulp mill at Nackawic (New Brunswick, Canada) around end‑October 2026, citing market conditions. The company also repaid ₹800 crore of commercial papers on September 11 and ₹500 crore on September 17, 2026, clearing both series at maturity. Separately, customs officials searched Grasim’s Nagda cellulosic staple‑fibre unit on September 11–12; the company stated operations and finances are unaffected and no show‑cause notice has been issued. Jefferies maintains a Buy rating with a target of ₹3,910, expecting Opus Paints to target 50%+ growth in FY27, VSF profitability to stay healthy, Birla Pivot to approach EBITDA breakeven by FY27‑end, and net debt/EBITDA to fall below 2x. Shares closed at ₹3,166 on September 21 (down 1.35%), with a 52‑week high near ₹3,411 and market cap around ₹2.18 lakh crore.