The company has commenced trial production of water-based paints and emulsions at its sixth plant in Kharagpur, with commercialization on track for the second quarter of the fiscal year 2026 (Q2FY26). After this, the company’s capacity of the organised paints industry would reach 24% with an installed capacity of 1,332 MLPA.
Opus is also expanding its branded franchise retail outlets to over 400 towns. The product portfolio has been scaled up to 179 products and more than 1,460 SKUs. The company has also introduced innovative features such as scuff-resistance, superior coverage, spatter-proofing, and high gloss finishes.
While investments in the paints business partially offset Grasim’s overall EBITDA growth, the company’s consolidated revenue was up 16% year-over-year, and EBITDA grew by 36%.
The entry of Grasim Industries in the paints business has disrupted the highly stratified sector dominated by Asian Paints and Berger Paints.