Aditya Birla Group surpasses $100 billion in market capitalization, outperforms benchmark indices

"The group's market cap growth has beaten the benchmark indices Sensex and Nifty, year-to-date, as well as on a one-year, three-year, and five-year time frame," a statement from the group said.

The combined market capitalization of Aditya Birla Group companies surpassed the $100 billion mark (Rs 8,51,460.25 crore) on Friday.

The group’s portfolio includes 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, collectively achieving a market valuation of Rs 8,51,460.25 crore on the BSE.

"The group’s market cap growth has outperformed benchmark indices Sensex and Nifty on a year-to-date basis, as well as over one-year, three-year, and five-year periods," stated a release from the group. "In US dollar terms, ABG’s market cap growth has been double that of the S&P across one-year and three-year time frames," it added.

Grasim’s market cap has doubled to over $19 billion in the past three years, driven by the incubation and scaling of new high-growth ventures, according to the statement. Hindalco’s market cap has also doubled in less than two years, adding over $7 billion in the last 12 months. Vodafone Idea’s market cap has nearly tripled in one year. Century Textiles, which encompasses the group's real estate business, has also nearly tripled its market cap in the same period.

(Inputs from PTI)