India's Grasim set to snap 5-days losing run after Q4 loss narrows

Grasim Industries

23/05/2025 05:49

** Grasim Industries GRAS.NS climbs 1.3% to 2,708.6 rupees; set to snap five straight sessions of losses

** Co's Q4 loss narrows to 2.88 bln rupees ($33.6 mln) vs year-ago loss of 4.41 bln rupees; rev grows ~22% y/y

** GRAS garnered 10% market share in one year of paints business launch, above its target of high single-digit market share by FY25-end

** Jefferies says co's Birla Opus has become India's third decorative paints band after Q4

** Stock rated "buy" on avg, rival Asian Paints ASPN.NS rated "sell", per data compiled by LSEG

** YTD, GRAS gains ~11% YTD

($1 = 85.7950 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))