Preview: India's Grasim Industries rises ahead of first quarter results

Grasim Industries

12/08/2026 08:22

** Shares of India's Grasim Industries GRAS.NS rise 1.53% to 3,373.10 rupees ahead of first quarter results
** Brokerage ICICI Securities expects Grasim's standalone operating profit to roughly double from a year earlier
** Antique Stock Broking expects standalone operating profit to rise 77% year-on-year
** They cite higher prices and better profitability at its fibre business as a key factor
** Add, narrowing losses in its newer businesses such as paints and business-to-business e-commerce ventures also helped
** Paint demand remained steady during Q1 and price hikes should support double-digit industry sales growth - Macquarie
** Also, expects higher input costs to pressure gross margins
** GRAS rated "strong buy" on average by nine analysts, median PT at 3600 rupees--data compiled by LSEG
** YTD stock up 18.76%

 (Reporting by Surbhi Misra in Bengaluru)
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