Grasim Industries reported a 76% increase in net profit for the September quarter, driven by strong performance in chemicals and building materials. This growth is significant as it reflects the company's resilience and strategic investments despite leadership changes.

Grasim Industries has reported a significant 76% increase in consolidated net profit for the September quarter, amounting to Rs 533 crore, largely attributed to strong growth in its chemicals and building materials divisions. The company's consolidated revenue also saw a 17% rise, reaching Rs 39,900 crore. Notably, the company announced the resignation of Rakshit Hargave, CEO of Birla Opus Paints, who played a crucial role in the brand's launch and initial growth. His departure comes as Grasim continues to invest heavily in its paints business and renewable energy projects, with plans to acquire a 26% stake in several special vehicles for these initiatives. The company’s EBITDA margin improved to 13%, reflecting enhanced profitability in its core sectors, despite some challenges in the cellulosic fibres segment due to rising input costs.