Grasim Management Guidance Tracker

At least 2-3 plants will be commissioned this year, with total capacity of 630 million liters.

Expansion from 1.3M MT delayed due to monsoon; commissioning expected by Q4 FY24 or Q1 FY25.

Three plants (Panipat, Ludhiana, Cheyyar) have received consent to operate and will be operational in Q4 FY24, with product launch in the same quarter.

The expanded epoxy capacity is under commissioning and expected to be operational in Q3 FY24.

Projects under implementation of about 1 GW are expected to be commissioned by next year's first quarter.

Birla Opus will launch in Q4 FY24 starting with North and South India, targeting national distribution by end of FY25.

Target to have 50,000 active dealers by end of FY25, currently on track.

UltraTech on track to achieve gray cement capacity of over 200 million tons per annum by FY27, including acquisitions.

UltraTech remains on track to achieve domestic grey cement capacity of over 200 million tonnes per annum by FY27.

Board approved 110 KTPA lyocell capacity at Harihar; first phase of 55 KTPA to be executed by mid-2027 at INR 1,350 crore investment.

The sixth paint plant at Kharagpur is scheduled to be commercially launched in H1 FY26, adding 236 MLPA capacity.

Trial production at Kharagpur plant has begun; commercial launch expected by end of Q2 FY26, raising total capacity to 1,332 million liters per annum.

The ECH and CPVC plants with Lubrizol will achieve mechanical completion in Q3 FY26.

The Lyocell project in the Cellulosic Fiber business remains on track for completion by late 2027.

Includes INR 4,283 crore for paints business; peak debt expected around INR 8,000-10,000 crore gross.

Management reiterated plant capex guidance of about INR 5,900 crore for FY24, with 76% allocated to paints.

Majority allocated to paints business; part of the INR 10,000 crore paints CapEx plan.

New capacity will be commissioned in Q2 FY24; full operational capacity expected in 12 months with 20-25% quarterly increments.

Birla Opus aims to exit FY25 with high single-digit market share, supported by dealer onboarding and product quality.

Management reiterated target of achieving high single-digit market share by end of FY25.

Renewable energy capacity to double from 1 GW to 2 GW by end of FY25.

Birla Opus is on track to achieve high single-digit market share in decorative paints by end of FY25, with three plants commissioned and two more starting trial runs.

Management aspires for Birla Opus standalone to reach double-digit revenue market share in FY26, up from high single digits currently.

Management reaffirmed commitment to achieve number two revenue market share and profitability within three years of full-scale operations, with no change in strategy post CEO resignation.

Mechanical completion expected by Q3 FY26, with meaningful contribution from first quarter of next financial year.

Birla Pivot expects to exit FY27 at breakeven level.

Even with full paints CapEx next fiscal, debt-to-EBITDA is not expected to cross about 3.5x.

Management guided net debt-to-EBITDA of 3-3.5x after completing paints capex and rights issue proceeds.

Management guided net debt to EBITDA of about 3.5x, with balance rights issue of ₹2,000 crore expected in Q4.

Management reiterated a net debt-to-EBITDA ceiling of 3-3.5x, which will guide future capex decisions.

Targeting renewable energy share in chemicals to reach over 40% by end of FY27.

Target to achieve INR 10,000 crore revenue in the third year of full operations, with profitability at that point.

Birla Pivot aspires to reach $1 billion revenue in the next three years.

Birla Pivot aims to reach $1 billion in revenue within three years.

B2B e-commerce platform targeting $1 billion revenue within three years from FY24, with current ramp-up ahead of expectations.

Birla Pivot's annualized revenue run rate is on track to achieve INR 8,500 crore ($1 billion) by FY27.

Management guided for continued double-digit sequential growth in Q3, citing strong September and October sales momentum.

CEO indicated a likely chance of reaching the billion-dollar (INR 8,500 crore) milestone earlier than the stated FY27 target, though no formal revision yet.

Management reiterated achieving INR 10,000 crore revenue in the third full year of operations (FY28).

Birla Opus targets breakeven within three years after all plants are fully operational, with first year being the heaviest investment period.

The paint business is expected to break even at an EBITDA level when it reaches INR 10,000 crore in revenue within three years of full-scale operations.

The B2B e-commerce platform expects to achieve EBITDA breakeven at an annual run rate of INR 8,500 crore.

Targeting to become a profitable number two player within three years of full-scale operation.