Motilal Oswal reiterates 'Buy' on Grasim, sees 18% upside on Birla Opus and Birla Pivot scale-up
Brokerage sets Rs 3,770 target citing Birla Opus now #2 in paints by capacity with 24% capacity share, 50,000 dealers across 11,500+ towns, plus B2B platform Birla Pivot eyeing Rs 10,000 crore revenue by FY28. New retail engines complement VSF and chemicals strength.
Motilal Oswal reiterates 'Buy' on Grasim with 18% upside, citing scaling Birla Opus paints (2nd-largest by capacity, 50,000 dealers) and fast-growing B2B e-commerce platform Birla Pivot alongside VSF and chemicals strength.
Why this matters
Birla Opus's rapid climb to #2 in paints by capacity and Birla Pivot's B2B expansion mark Grasim's push into retail-led growth beyond its core VSF and chemicals franchise.
Retail-brand theme accelerating at +288600% QoQ.