Guidance ledger · Q4 FY26

Grasim Industries Limited GRASIM

3 revisions on record · 1 lowered · 1 raised — the strikethrough is what management used to say

mixed guidance posture · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised Birla Opus town presence Q1 FY26 → Q4 FY26

~~over 8,000 towns (Q1FY26)~~ → beyond 15,000 towns by end FY27

“large and small towns to 11,500. We are anticipating to cross this to beyond 15,000 by the end of this financial year”

→ narrowed Birla Pivot EBITDA breakeven timing Q1 FY26 → Q3 FY26

~~at Rs.8,500cr / $1 billion revenue scale (FY27 target)~~ → exit FY27 at breakeven, possibly sooner

“we will exit FY27 at a breakeven level”

↓ lowered Chlorine derivative projects - smaller units Q1 FY26 → Q1 FY26

~~100 KTPA expansion announced~~ → deferred to better market conditions (79 KTPA proceeding)

“certain projects, on chlorine derivatives, we have deferred for better market conditions. So, that's the difference between what we indicated last quarter and this quarter”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.