The combined market capitalization of Aditya Birla Group companies crossed the US $ 100 billion mark on Friday. The combined market valuation of the group companies on BSE is pegged at Rs 8,51,460.25 crore. “The group’s market capitalization growth has outperformed market benchmark indices Sensex and Nifty on year-on-year basis over one-year, three-year and five-year time frames,” Aditya Birla Group said. According to the statement, the growth in the group’s market capitalization in US dollar terms over the one-year and three-year periods has also been twice that of the S&P.
Group companies include UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion & Retail, TCNS Clothing, Aditya Birla Money, Century Textiles, Century Enka, Pilani Investments.
Dominance of these companies
Grasim’s market capitalization has doubled in the last three years to more than $19 billion. At the same time, the market capitalization of Hindalco has doubled in less than two years. Vodafone Idea has also almost tripled its market capitalization in a year. Similarly, Century Textiles has almost tripled its market capital in just one year.
Hindalco Industries profits
Meanwhile, Hindalco Industries’ profit rose 31.6 per cent to Rs 3,174 crore for the quarter ended March 31, 2024. This growth is due to strong margins and volume growth in the aluminum and copper business segments. Hindalco Industries said in the information given to the stock market that the company had earned a profit of Rs 2,411 crore in the January-March quarter of the financial year 2022-23. Total income during the quarter increased to Rs 56,356 crore from Rs 56,209 crore in the year-ago period.
