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Grasim’s revenue up by six per cent

Grasim’s revenue was up by six per cent for the fourth quarter.

Grasim has four lines of business, Viscose Staple Fiber (VSF), cement, chemicals and textiles. Their Earnings Before Interest,Taxes, Depreciation and Amortization (EBITDA) was up by four per cent.

The company’s strong sales volume supported by firm international prices have helped drive their excellent performance in the VSF business despite the fact that their captive pulp plant at Harihar remained shut since February 2017 due to water shortage, however their production of VSF remained unaffected due to the fact that their business ensured running of operations using external pulp supplies.

Grasim is in the process of debottlenecking its plants to meet growing demand. Their chemicals business recorded a volume degrowth of six per cent year-on-year due to the fact that lower chlorine offtake in the industry restricted caustic soda production. This, coupled with a sharp increase in power costs, reduced profitability.

The VSF business will continue to focus on expanding the market in India by partnering with textile value chain to achieve better customer connect through the brand Liva and enriching the product mix through a larger share of specialty fibers.

Their Brownfield expansion project at Gujarat is right on track. Civil works have begun and the commissioning is expected by the fourth quarter of fiscal 2018.

Grasim Industries is the flagship company of the Aditya Birla Group.

 
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