Grasim Industries is accelerating investments across its emerging businesses as the Aditya Birla Group sharpens focus on scaling paints, building materials and digital commerce alongside its core cement operations.
Management said Birla Opus is targeting INR 10,000 crore in profitable revenue by its third full year of operations, with FY26 considered the first complete year after its nationwide rollout. The company also expects the paints business to deliver high double-digit growth in FY27 as it expands distribution and manufacturing capacity across India.
Birla Opus has entered one of India’s most competitive consumer industries, challenging established players in the decorative paints segment. Executives said the long-term ambition is to emerge as the country’s second-largest decorative paints company, supported by aggressive dealer expansion, premium product launches and deeper penetration into urban and semi-urban markets.
Meanwhile, Birla Pivot — the group’s business-to-business building materials platform — is expected to achieve EBITDA breakeven by the end of FY27, with management indicating profitability could come earlier if execution remains strong. The platform continues to broaden its category offerings while increasing its presence among contractors, retailers and small enterprises.
On the infrastructure side, UltraTech Cement remains central to the group’s long-term strategy. The cement major is on track to expand installed capacity to more than 240 million tonnes per annum by March 2028, reinforcing its position as India’s largest cement producer amid sustained infrastructure and housing demand.
Grasim also reiterated its capital allocation framework, saying cash flows and earnings generated at the parent level will continue to be reinvested into high-growth businesses.
