Grasim Industries Full Year 2024 Earnings: Misses Expectations

Grasim Industries (NSE:GRASIM) Full Year 2024 Results

Key Financial Results

• Revenue: ₹1.32t (up 12% from FY 2023).
• Net income: ₹56.2b (down 18% from FY 2023).
• Profit margin: 4.3% (down from 5.8% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ₹85.29 (down from ₹104 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grasim Industries Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 8.5%.

Looking ahead, revenue is expected to fall by 80% p.a. on average during the next 2 years compared to a 5.2% decline forecast for the Basic Materials industry in India.

Performance of the Indian Basic Materials industry.

The company's shares are up 3.4% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Grasim Industries (at least 2 which can't be ignored), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.