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Grasim Q3 Results Review: Motilal Oswal Reiterates 'Buy' On The Stock, But Lowers Target Price — Here's Why
Motilal Oswal reiterates Buy rating with a revised target price of Rs 2,920 (earlier Rs 3,210) based on an SoTP valuation.
12 Feb 2025, 09:21 AM IST 
Grasim Industries Ltd.’s Q3 FY25 Ebitda was below estimate, primarily due to lower profits in the VSF business.
(Photo source: Company website)
While Grasim's profitability in the VSF segment remains under pressure, low inventory (~8 days) and higher capacity utilization (~89% in Q3 FY25) in China should help support prices. The Paints business is witnessing strong traction, and going forward, revenue momentum and its movement in losses will be the key monitorables.
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