Aditya Birla Group firm Grasim Industries has reported a 17 per cent increase in consolidated net profit to Rs 489 crores for the September quarter. Total consolidated revenue for the company stood at Rs 8,393 crores.
The company produces viscose staple fibre (VSF) used in apparel and cement that makes more than 90 per cent of their revenues. “The company will continue to focus on expanding its domestic market through product development activities, working closely with brands, designers and retailers. A better customer connect through brand Liva is leading to growth in demand for VSF based products in the textile value chain,” it said in a statement.
Revenue for viscose staple fibre (VSF) increased by 13 per cent driven by higher sales. "In the VSF business, prices are likely to be influenced by the developments in the industry such as the resumption of operations at some of the shut capacities in China and prices of competing fibres,” the company added.
www.grasim.com
