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Rakshit Hargave

Managing Director and CEO

2 companies 9 earnings tracked 14 quotes 17% delivery

Promise Delivery Record

17% delivery rate

2 of 12 tracked promises delivered across 2 companies.

2 met 10 missed
Paints: double-digit QoQ growth in Q3 FY26

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q3 FY26
✗ MISSED
Paint business: 6th plant commercial launch by Q2 FY26

Current-quarter results and commentary indicate the prior promise was delivered or materially on track.

Grasim · Q2 FY26
✓ MET
Chemicals: ECH and CPVC plants mechanical completion in Q3 FY26

Current-quarter results and commentary indicate the prior promise was delivered or materially on track.

Grasim · Q2 FY26
✓ MET
Kharagpur paint plant commercial launch in H1 FY26

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q1 FY26
✗ MISSED
Net debt-to-EBITDA not to exceed 3-3.5x

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q4 FY25
✗ MISSED
Paints: exit FY25 with high single-digit market share

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q3 FY25
✗ MISSED
Net debt to EBITDA at 3.5x

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q3 FY25
✗ MISSED
Paints launch in Q4 FY24 with pan-India distribution by FY25 end

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q4 FY24
✗ MISSED
Capex guidance of INR 5,900 crore for FY24

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q4 FY24
✗ MISSED
Paints commercial launch in Q4 FY24

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q3 FY24
✗ MISSED
Epoxy capacity expansion commissioning in Q3 FY24

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q3 FY24
✗ MISSED
Epoxy specialty capacity doubling with 12-month ramp-up

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

Grasim · Q2 FY24
✗ MISSED

Notable Quotes

We have a very efficient network in these and we will keep driving them to higher levels.
Rakshit Hargave · Britannia Q4 FY26
We are also evaluating alternate energy sources as long-term solutions to mitigate fuel supply disruptions.
Rakshit Hargave · Britannia Q4 FY26
We were first of the block moving to INR 10 and INR 5 with more biscuits.
Rakshit Hargave · Britannia Q3 FY26
We will be upping our investment on the brand. I believe that we need to do more.
Rakshit Hargave · Britannia Q3 FY26
We are already the second largest player in cheese slices after the market leader.
Rakshit Hargave · Britannia Q3 FY26
If you take Q1 of FY 2025 and if I remove Birla Opus from both left-hand and right-hand side, the market growth is marginally negative.
Rakshit Hargave · Grasim Q1 FY26
We are not giving a guidance or a target for next year, but Birla Opus by itself should be a double-digit share player is what our aspiration is.
Rakshit Hargave · Grasim Q4 FY25
Our sellouts are excellent... literally 65%-70% of what we have sold in has sold out.
Rakshit Hargave · Grasim Q3 FY25
We are on track to exit this year with a high single-digit market share in the Indian decorative paints market.
Rakshit Hargave · Grasim Q2 FY25
Our sellout is very high. At any given time, none of our dealers is holding more than a certain couple of weeks or three weeks of stock.
Rakshit Hargave · Grasim Q2 FY25
We have kind of broken that comfortable ecosystem, and I think it's for the benefit of the consumer because there is better product, there is more choice.
Rakshit Hargave · Grasim Q2 FY25
Our retail audit of stores...suggest that the inventory lying in the store is a small part of what we have sold till now, which means majority of it has been sold out.
Rakshit Hargave · Grasim Q1 FY25

Earnings Appearances