Business Segment Performance

Cement (UltraTech Cement):

Domestic gray cement volume up 11% YoY.

Open offer for India Cements concluded, Kesoram Cement acquisition pending approval.

Demand remains strong across individual housing, infrastructure, and urban real estate.

Paints (Birla Opus):

Rapid market share gain, second-most visible brand in India.

Commercial production started at Chamarajanagar in Nov 2024, Mahad expected in Q4FY25.

Sixth plant (Kharagpur) delayed due to cyclone; expected Q1FY26.

Successful ad campaign: “Duniya Ko Rang Do” & “Naye Zamane Ka Naya Paint”.

B2B E-Commerce (Birla Pivot):

Expanded into bathware segment, beyond tiles & plywood.

Focused on digital adoption in construction material supply.

Cellulosic Fibres & Chemicals:

Lyocell fibre plant (₹1,350 Cr investment) approved, first phase (55K TPA) by mid-FY27.

Caustic soda prices improved, but chlorine realizations remain negative.

Q3 EBITDA for chemicals up 25% YoY, driven by higher caustic soda prices.

Financial Services (Aditya Birla Capital):

NBFC revenue +12% YoY, housing finance +45% YoY.

Total lending portfolio at ₹1,46,000 Cr (+27% YoY).

Net interest margins impacted by higher borrowing costs.

Renewable Energy:

Installed capacity 1.2 GW, expanding to 2 GW by FY25-end.

37% of power off-take from Aditya Birla Group companies.

Strategic Updates & Market Outlook

Paints Business Expansion:

Aiming for high-single-digit market share by March 2025, long-term leadership vision.

Expecting operating leverage & profitability improvement in 3 years.

Capex & Debt Management:

Capex for Paints nearing completion (₹10,000 Cr spent).

Lyocell expansion on track, with expected profitability improvement.

Net debt-to-EBITDA to remain below 3.5x.

Chemical Business Challenges & Growth:

Epoxy resin margins under pressure due to Korean imports.

Chlorine demand weak, but value-added product growth mitigating impact.