Aditya Birla Group Reaches $100B Milestone
Aditya Birla Group (ABG) firms reached a combined market capitalization of $100 billion, equivalent to Rs 8,51,460.25 crore. “The group’s market cap growth has outperformed the benchmark indices Sensex and Nifty year-to-date, as well as over one-year, three-year, and five-year periods,” a statement from the group said.
The statement also highlighted that Aditya Birla Group’s market capitalization increase has been double that of the S&P in US dollar terms over one-year and three-year time frames.
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 are among the group firms whose combined valuation reached $100 billion on the BSE.
According to the statement, Grasim’s market capitalization has doubled to over $19 billion in the past three years due to the incubation and scaling of new high-growth engines. Hindalco’s market capitalization has also doubled in less than two years, with the firm adding over $7 billion to its market cap in the last 12 months. Additionally, Vodafone Idea’s market capitalization has nearly tripled, while Century Textiles, which houses the group’s real estate business, has also tripled its market capitalization in one year.
