Aditya Birla Group Crosses USD 100 Bn In Market Cap

Aditya Birla Group on Friday crossed USD 100 billion in market cap. The market cap growth has beaten the benchmark Indian Indices—Sensex and Nifty, year-to-date, as well as on a 1-year, 3-year, and 5-year time frame.  More significantly, ABG’s market cap accretion has been double that of S&P even in US dollar Terms— across 1-year and 3-year time horizons.

The group firms -- 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 -- have a combined market valuation of Rs 8,51,460.25 crore on the BSE.

“UltraTech is today the third most valuable cement company in the world. Grasim has seen its market cap double to over USD 19 bn in just the last three years on the back of incubating and scaling new high-growth engines. Further, Hindalco’s market cap has doubled in less than two years. It has added over USD 7 bn to its market cap in the last twelve months,” said Aditya Birla Group in a statement. 

Driven by the One ABC- One P&L strategy, Aditya Birla Capital, has also doubled its market cap in three years. ABFRL has seen its market cap grow 1.5 times in the last one year. Century Textiles, which houses the real estate business of the group, has nearly tripled its market cap in only one year. Vodafone Idea has also nearly tripled its market cap in one year.