Grasim Q2 Results Date FY27: 13 Nov, Base to Beat

Earnings · Cement, Chemicals and Finance

The Grasim Q2 results date is Friday, 13 November 2026. Here are the year-ago base, the record Q1 FY27, the Q2 clues from UltraTech and Aditya Birla Capital, and the marks to read first on the day.

Updated: Wednesday, 11 November 2026, 9:00 PM IST  |  Reading time: 22 min  |  Next update: Friday, 13 November 2026, after the board meeting and filing

Latest update (Wednesday, 11 November 2026, 9:00 PM IST): I found one source for the 13 November date, an Upstox list dated 8 November, and no change since. UltraTech and Aditya Birla Capital have already reported Q2 FY27. I found no analyst consensus for Grasim Q2, so none is shown. The newest verified share price is the 9 November close of Rs 3,169.70.

In plain words: Grasim is the holding company of the Aditya Birla group’s industrial and finance businesses. It owns a large stake in UltraTech Cement and Aditya Birla Capital, and runs its own fibre, chemicals, paints and online building-materials businesses. Its consolidated profit is therefore a blend of many businesses with very different margins.

Data note: Figures are as of 11 November 2026, 9:00 PM IST. They follow the Grasim and UltraTech press releases on the Aditya Birla and Grasim sites, Kotak Neo, Business Standard, Investywise, Upstox and 5paisa. I could not open the exchange filings, so quarterly figures are headline-level. Derived numbers are my calculation. I found no analyst consensus for Grasim Q2.

When is the Grasim Q2 results date, and at what time will it be announced?

The Grasim Q2 results date is Friday, 13 November 2026, according to Upstox’s list of companies reporting that week, updated on 8 November 2026. The board meeting will consider results for the quarter and half-year ended 30 September 2026. No announcement time has been confirmed.

I found one source for the date, so treat it as reported and not as filed; the exchange intimation is the only confirmation. Last year Grasim published its Q2 FY26 results on 5 November 2025 and, per FilingReader’s headline, held an investor call on 5 November. This year the board date is eight days later in the calendar, and I have not found a call announcement.

Grasim Q2 results date: what each source says

Cite this table: Grasim Q2 results date and time status, as of 11 November 2026, 9:00 PM IST, PositionalCalls.

Because 14 November is a Saturday, Friday is the last working day before the legal limit (my calculation). For the other companies on the same day, see the Q2 results hub.

Why the day matters for the Grasim Q2 results date

Grasim is a holding company, and its subsidiaries report first. UltraTech Cement and Aditya Birla Capital have already published Q2 FY27 numbers, so the surprise on 13 November is more likely to come from the fibre, chemicals and paints lines than from cement and finance. That is a reading of the structure, not a forecast.

What is the profit and revenue base Grasim has to beat in Q2 FY27?

The year-ago base is Q2 FY26 consolidated revenue of Rs 39,900 crore, EBITDA of Rs 5,217 crore and profit attributable to owners of Rs 553 crore, up 76%. The nearer base is Q1 FY27: revenue of Rs 48,716 crore, EBITDA of Rs 8,077 crore and adjusted profit of Rs 2,153 crore.

Cite this table: Grasim consolidated base, Grasim press release (5 Nov 2025), Aditya Birla press release and Kotak Neo (Q1 FY27), as of 11 November 2026, 9:00 PM IST.

The Q2 FY26 base is low on margin: 13.1% against 16.6% in Q1 FY27. If Q2 FY27 held the Q1 margin on similar revenue, EBITDA would be far above the base; that is arithmetic, not a forecast. The profit comparison is more delicate, because Q2 FY26 profit of Rs 553 crore was far below Q1 FY26 profit of about Rs 1,400 crore, which makes the year-on-year growth rate look large for any reasonable Q2 FY27 figure (my calculation).

Grasim Q2 results date: the half-year and the year-ago ties

Cite this table: Grasim half-year base and ties, Grasim release and my calculation, as of 11 November 2026, 9:00 PM IST.

Revenue and EBITDA tie exactly, which is a good check that the base is clean. Profit does not: Rs 1,419 crore derived against Rs 1,442 crore restated and adjusted, a gap of Rs 23 crore (my calculation). The Q1 FY27 growth of 49% is on the adjusted figure; on the derived Q1 FY26 profit it would be 51.7% (my calculation).

Which Grasim figures are right to compare on results day?

Compare Q2 FY27 consolidated figures with Q2 FY26 on the same basis: revenue from operations, EBITDA and profit attributable to owners. Q1 FY27 profit is shown as adjusted, so check whether the Q2 headline is adjusted or reported.

Several differences already exist. They are shown here, not resolved.

Cite this table: Grasim conflicting or differing figures, as of 11 November 2026, 9:00 PM IST, PositionalCalls.

The cleanest anchors are the company’s own press releases: Q2 FY26 revenue Rs 39,900 crore and profit Rs 553 crore, and Q1 FY27 revenue Rs 48,716 crore and EBITDA Rs 8,077 crore. The adjusted profit label is the one to watch, because Grasim has several large non-operating items in the group.

Grasim Q2 results date checklist: keep these on one basis

• Entity: consolidated, not standalone, unless the headline says so.
• Profit label: attributable to owners, and say whether it is adjusted.
• Revenue: revenue from operations, not total income.
• Segments: note whether a segment figure includes Aditya Birla Capital, which is a separate line.

What do analysts expect from Grasim in Q2 FY27, and what is the share price doing?

I found no published Q2 FY27 consensus or current broker target for Grasim. The newest broker views I found are a year old. The shares closed at Rs 3,169.70 on 9 November 2026, 4.4% below the Q1 results-day level of about Rs 3,314.60.

Broker views are shown only as reported, with date and source. They are not PositionalCalls targets and are not a view of mine.

Cite this table: Grasim broker views as reported, Business Standard (6 November 2025), as of 11 November 2026, 9:00 PM IST. Year-old views shown for context only; no current consensus found.

A NewsBytes headline mentions a Motilal Oswal target of Rs 3,800, but I did not open it and found no date, so I do not use it. On the Q2 FY26 day the shares fell as much as 5.27% intraday to Rs 2,730, with the CEO exit at Birla Opus cited as a worry (Business Standard).

Grasim Q2 results date: price and market value snapshot

Cite this table: Grasim price snapshot, 5paisa and Kotak Neo; calculations by PositionalCalls. Not live.

The close of Rs 3,169.70 is 2.6% above the 3 November close and 3.7% above the 2 November close (my calculation), so the shares were rising into the results. 5paisa shows a one-month return of about 11% and a three-month return of about minus 4.6%. I could not verify a close after 9 November; 10 November was a market holiday and I did not find 11 November. A snapshot is a record, not a view.

What drives Grasim’s Q2 numbers: cement, finance, fibre, chemicals and paints?

Building materials, led by UltraTech, was 62% of Q1 FY27 EBITDA. Cement volume grew 12.2% in Q1 and UltraTech has reported domestic volume up 13.8% in Q2. Fibre and chemicals have been recovering, and Birla Opus paints grew revenue 64% in Q1.

The Q2 clues already out: UltraTech and Aditya Birla Capital

Cite this table: UltraTech and Aditya Birla Capital Q2 FY27, Aditya Birla press release and Investywise, as of 11 November 2026, 9:00 PM IST. Not checked against the filings.

UltraTech’s PBIDT margin was 16.6% against 16.9% a year earlier (my calculation: 3,832 / 23,024 and 3,268 / 19,371), so cement profit grew with volume but the margin did not expand. Aditya Birla Capital’s lending book rose about 6.7% from the Q1 figure of Rs 2,19,289 crore shown in Grasim’s release, which ties to the 7% sequential growth reported (my calculation).

The Grasim own businesses: Q1 FY27 segment record

Cite this table: Grasim Q1 FY27 segments, Aditya Birla press release, as of 11 November 2026, 9:00 PM IST.

An illustration: cement EBITDA of Rs 1,214 a tonne on 41.3 million tonnes is about Rs 5,014 crore (my calculation), close to the Rs 5,002 crore building-materials EBITDA, which would imply that paints and online sales were about break-even at that level. The definitions may differ, so this is a sense check, not a result. The company does not disclose a paints EBITDA.

The holding-company effect on the Grasim Q2 results date

Grasim reports consolidated profit attributable to its owners, after deducting the share of UltraTech and Aditya Birla Capital profit that belongs to other shareholders and after its own standalone costs. A rough illustration: UltraTech’s Q2 FY26 profit of Rs 1,238 crore and Aditya Birla Capital’s Rs 855 crore (the headline of its Q2 FY26 release) add to Rs 2,093 crore, against Grasim’s consolidated owners’ profit of Rs 553 crore (my calculation). In Q2 FY27 the same two subsidiaries reported Rs 1,501 crore and Rs 1,288 crore, a combined Rs 2,789 crore, 33.3% above the year-ago sum (my calculation).

Cite this table: Subsidiary profit sum versus Grasim owners’ profit, Aditya Birla press releases and Investywise; ownership shares not verified; illustration only.

The Aditya Birla Capital growth in this table is 50.6%, against the 38% reported, because the Rs 855 crore figure in the headline of its Q2 FY26 release and the Rs 1,288 crore figure in the Q2 FY27 reports may be on different bases (for example before and after minority interests). I show the discrepancy openly and do not use the sum as a forecast for Grasim. What it does show is that the Grasim Q2 results date will reveal how much of the subsidiary growth reaches the owners.

Brokers have long applied a discount to a holding company; Business Standard reported in November 2025 that Motilal Oswal raised its holding-company discount to 40% from 35%. That is a valuation convention that sits outside the results themselves.

Paints and the competitive set

Birla Opus is the loss-making or low-margin part of the story that investors watch. Its Q1 revenue was Rs 1,661 crore and market share rose by about 30 basis points quarter on quarter, with the combined share of paints and putty described as nearing the early teens. For comparison with listed peers, see Asian Paints Q2 results FY27 and Berger Paints Q2 results FY27.

Cite this table: Grasim drivers, Aditya Birla press releases and Investywise, as of 11 November 2026, 9:00 PM IST.

What would different Grasim Q2 outcomes look like in numbers?

These tables are arithmetic on public figures, not forecasts. They show what revenue, EBITDA and profit would be at a few illustrative levels against the Q2 FY26 and Q1 FY27 marks.

Cite this table: Grasim revenue sensitivity, my calculation. 48,279 is Q2 FY26 grown at Q1’s reported 21%. Not an estimate.

Cite this table: Grasim EBITDA sensitivity, my calculation on the Q1 FY27 revenue; illustration only.

Cite this table: Grasim profit sensitivity, my calculation; Q1 FY27 is the adjusted figure. Not an estimate.

Three worked examples for the Grasim Q2 results date

Example 1, flat revenue. If Q2 FY27 revenue matched Q1 at Rs 48,716 crore, it would be 22.1% above the year-ago Rs 39,900 crore (my calculation). Even a 5% sequential fall to about Rs 46,280 crore would be 16% above the base.

Example 2, a half-way margin. A 15% margin on Rs 48,716 crore gives EBITDA of about Rs 7,307 crore, 40.1% above the year-ago Rs 5,217 crore but 9.5% below Q1 (my calculation: 7,307 / 8,077).

Example 3, a profit that looks large and small. Profit of Rs 1,500 crore would be 171% above the year-ago Rs 553 crore and 30% below Q1 at the same time (my calculation). Both are true, so read both before judging the headline.

How do I read the Grasim results on results day?

On the Grasim Q2 results date, read in this order: the profit label and basis, then revenue against Rs 39,900 crore and Rs 48,716 crore, then EBITDA margin against 13.1% and 16.6%, then segments, then profit, then capex and net debt.

Cite this table: Grasim results-day reading order, PositionalCalls.

Then read one management sentence on paints, because the pace of Birla Opus spending is the line most likely to move the group margin. Set the share price reaction aside until the numbers are read.

How do I read the Grasim Q2 filing and avoid fake alerts?

On the Grasim Q2 results date, open the result on the BSE or NSE announcement page for Grasim Industries Limited, not through a link in a message, and read the consolidated statement first. Treat any tip that asks for an OTP, a payment or a login as fake.

1. Open the BSE or NSE corporate announcements page and search for Grasim Industries Limited.
2. Choose the financial result for the quarter ended 30 September 2026 and open the consolidated statement.
3. Note the line labels: revenue from operations, other income, EBITDA, profit before tax and profit attributable to owners.
4. Compare revenue and profit with Rs 39,900 crore and Rs 553 crore, then with Rs 48,716 crore and Rs 2,153 crore.
5. Read the press release for segment figures, and the notes for exceptional items and restated comparatives.
6. Check whether the profit headline is adjusted before using a growth rate.

Fake results alerts and paid tip groups multiply on results days. No genuine filing asks for a login, an OTP or money. PositionalCalls is not SEBI-registered, gives no buy or sell calls and never asks for payment.

What do most people miss about the Grasim Q2 results?

Around the Grasim Q2 results date, most readers miss that Grasim is a holding company whose subsidiaries have already reported, the profit-label difference, the low year-ago margin and the paints losses that are not disclosed. Six risk cards cover them.

Grasim Q2 results date: frequently asked questions

Sources

• BSE corporate announcements: where the Grasim filing will appear.
• NSE corporate filings: financial results: the same filing on NSE.
• Upstox: upcoming Q2 FY27 results, 8 November 2026.
• Grasim: Q2 FY26 earnings press release, 5 November 2025 (base quarter).
• Aditya Birla: Grasim Q1 FY27 results, August 2026.
• Kotak Neo: Grasim Q1 FY27 results, 12 August 2026.
• Aditya Birla: UltraTech Q2 FY27 performance, October 2026.
• Investywise: Aditya Birla Capital Q2 FY27, 30 October 2026.
• Business Standard: Grasim shares slide after Q2 FY26, 6 November 2025.
• 5paisa: Grasim share price on 9 November, 2026.

Disclosure: PositionalCalls.com is not a SEBI-registered research analyst or investment adviser. Investments in securities markets are subject to market risks. Read all related documents carefully before investing. Returns are never guaranteed. PositionalCalls is an independent research and education site founded by Shubham Chaudhary. Nothing here is a recommendation, target or investment advice. How I researched this: for the Grasim Q2 results date I read the Grasim and Aditya Birla press releases, Upstox, Kotak Neo, Business Standard, Investywise and 5paisa, noted where sources differ, and marked every derived number as my calculation. I did not open any company filing or exchange document. Figures are as of 11 November 2026, 9:00 PM IST.