It is not that there’s no value whatsoever in formal study of grammar. It might come in handy if you want to be a linguist, an editor, a high-level writer, a lawyer, or the like. If students want to take a grammar course in high school or college that seems okay with me.
It just doesn’t teach basic language fluency.
Native speakers don’t start studying grammar until they have had 10+ years of full-time experience with the language. And anecdotally, the students who spend a lot of time reading independently don’t really need the grammar lessons (they already have a subconscious understanding of what is or isn’t grammatical, and the typical school grammar lesson is very slow and obvious for them), and the students who don’t spend any time reading independently and regularly speaking with educated adults would get more value out of instead spending the time reading or listening to someone read. YMMV.