The commercial production of resin manufacturing block with an installed capacity of 22 million litres per annum (MLPA) started from June 24, 2025, at Mahad plant. The production shall help to meet the resin requirement for manufacturing of paints in-house, the company said. Resin manufacturing blocks are considered as crucial components in paint formulations. They act as binders, providing adhesion, durability, and film formation.
In March, 2025, the company began commercial operations
at the Mahad plant, which has an installed capacity of 180 MLPA for water-based paint, 20 MLPA for distemper, and 30 MLPA for solvent-based paint.
On 10 June, Morgan Stanley upgraded its rating for Grasim to “overweight” from “equal-weight” and also raised its price target for the Aditya Birla Group stock.
The company for Q425 reported a revenue growth of 31.9% year-on-year to ₹8,926 crore, ahead of the estimated ₹8,675 crore. The strong top-line performance was driven by robust growth in both core and new businesses.
Separately, it recently came to light that the company filed a complaint with the Competition Commission of India alleging abuse of dominance by industry leader Asian Paints. The complaint, filed by Grasim Industries in November last year, alleged that Asian Paints engaged in restrictive tactics by delaying supplies & limiting access to tinting machines to warn dealers.
Also read: Asian Paints faces abuse complaint from Birla Opus Paints, formal CCI probe likely soon
The company’s shares are trading marginally lower at ₹2,805 on the BSE. Meanwhile, shares of the Birla Opus Paint owner have risen by 15% year to date.
