For the second quarter Grasim Industries consolidated net profit increased 27.36 per cent. Revenue from operations was up 25.71 per cent. Total expenses were up 24.16 per cent. Grasim’s revenue from viscose-pulp, viscose staple fiber and filament yarn segment was up 79.03 per cent. The viscose staple fiber business recorded the highest ever total sales volume with domestic sales volume back to the pre-pandemic level in the second quarter. The share of value-added products in the overall sales mix almost doubled year on year to 27 per cent. The revenue from the cement business UltraTech Cement was up 15.69 per cent. Revenue from the chemicals segment was up 44.48 per cent. Revenue from the financial services segment was up 21.73 per cent.

The caustic soda capacity utilization stood at 86 per cent, sequentially higher. The domestic demand for caustic soda was driven by the textile and pulp and paper sectors.

Grasim is making brisk progress to enter in paint business. The company has already acquired land at five locations as part of its pan-India footprint for paint manufacturing. These locations have been identified in different regions, based on proximity to key consumption hubs across India. Grasim Industries is an Aditya Birla Group firm.