In Q2, FY25 spanning July-Sep’24, Grasim Industries reported a 66 per cent decline in consolidated net profit to Rs 390 crore, compared to Rs 1,164 crore in the corresponding period last year.
The leading fabric and yarn producer's revenue from operations rose by 11 per cent to Rs 33,563 crore in Q2, FY25, compared to Rs 30,220.68 crore in the year-ago period. This revenue growth was ‘driven by the superior performance of its Financial Services, Cellulosic Staple Fibre and Specialty Chemicals businesses, according to the company.
Grasim's revenue from its cellulosic fiber business increased by 6.07 per cent to Rs 4,125.19 crore in Q2, FY25. This growth was triggered by an improvement in CSF (Cellulosic Staple Fibre) prices. The brand’s CSF business achieved its highest ever quarterly sales volume at 219,000 tons, increasing by 4 per cent Y-o-Y, led by stable domestic demand. Its EBITDA margins improved due to higher sales volume and improving trend in global prices, the company says.
Grasim’s revenues from its other business including textiles increased by 2.13 per cent to Rs 777.37 crore during the quarter. The company’s capital expenditure for H1 FY25 reached Rs 1,884 crore. The budgeted standalone capex for FY25 is Rs 4,691 crore, of which Rs 3,000 crore is towards new growth businesses.
