Aditya Birla Group (ABG) has achieved a significant milestone by surpassing a combined market capitalization of $100 billion, equivalent to Rs 8,51,460.25 crore, as of Friday, May 24th. This achievement reflects ABG’s robust growth trajectory, outperforming benchmark indices like Sensex and Nifty across various time frames.
Key Highlights:
1. **Market Capitalization Growth**: ABG’s market cap growth has outpaced benchmark indices, including the Sensex and Nifty, on a year-to-date basis as well as over one-year, three-year, and five-year time frames.
2. **Comparison with S&P**: Notably, ABG’s market capitalization accretion has been twice that of the S&P even when measured in US dollar terms over both one-year and three-year periods.
3. **Contribution of Group Firms**: Several ABG firms have contributed to this milestone, including UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion and Retail, TCNS Clothing, Aditya Birla Money, Century Textiles, Century Enka, and Pilani Investment.
4. **Individual Firm Performances**:
– Grasim: Grasim’s market capitalization has doubled to over $19 billion in the last three years, driven by incubating and scaling new high-growth engines.
– Hindalco: Hindalco’s market capitalization has doubled in less than two years, with the firm adding over $7 billion in market capitalization in the last 12 months.
– Vodafone Idea: Vodafone Idea has nearly tripled its market capitalization within the mentioned timeframe.
– Century Textiles: The real estate business of the group housed under Century Textiles has tripled its market capitalization in one year.
This significant achievement underscores ABG’s robust performance and strategic initiatives across its diverse portfolio of businesses. The group’s consistent growth trajectory reflects its strong market presence and effective execution of growth strategies.
