Capex Announcement
Updates dailyResin savings engine: Grasim turns captive supplier, cutting paint COGS and unlocking ₹135-170 cr annual EBITDA uplift. The 24 MLPA Kharagpur resin block lifts Grasim’s captive capacity 35% to 92 MLPA. Internalizing 70–80% of output saves ₹8–10/litre versus merchant buys, translating to ₹135–170 cr EBITDA/year at steady-state; the balance 5–7 MLPA is small external revenue. Near-term utilisation 60% phases savings through FY26; once ramped, Birla Opus gross margin widens ~1–1.5 ppt, giving pricing headroom in competitive metros while locking resin supply security.
Resin savings engine: Grasim turns captive supplier, cutting paint COGS and unlocking ₹135-170 cr annual EBITDA uplift. The 24 MLPA Kharagpur resin block lifts Grasim’s captive capacity 35% to 92 MLPA. Internalizing 70–80% of output saves ₹8–10/litre versus merchant buys, translating to ₹135–170 cr EBITDA/year at steady-state; the balance 5–7 MLPA is small external revenue. Near-term utilisation 60% phases savings through FY26; once ramped, Birla Opus gross margin widens ~1–1.5 ppt, giving pricing headroom in competitive metros while locking resin supply security.
Resin savings engine: Grasim turns captive supplier, cutting paint COGS and unlocking ₹135-170 cr annual EBITDA uplift. The 24 MLPA Kharagpur resin block lifts Grasim’s captive capacity 35% to 92 MLPA. Internalizing 70–80% of output saves ₹8–10/litre versus merchant buys, translating to ₹135–170 cr EBITDA/year at steady-state; the balance 5–7 MLPA is small external revenue. Near-term utilisation 60% phases savings through FY26; once ramped, Birla Opus gross margin widens ~1–1.5 ppt, giving pricing headroom in competitive metros while locking resin supply security.
Resin savings engine: Grasim turns captive supplier, cutting paint COGS and unlocking ₹135-170 cr annual EBITDA uplift. The 24 MLPA Kharagpur resin block lifts Grasim’s captive capacity 35% to 92 MLPA. Internalizing 70–80% of output saves ₹8–10/litre versus merchant buys, translating to ₹135–170 cr EBITDA/year at steady-state; the balance 5–7 MLPA is small external revenue. Near-term utilisation 60% phases savings through FY26; once ramped, Birla Opus gross margin widens ~1–1.5 ppt, giving pricing headroom in competitive metros while locking resin supply security.
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