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In Q1, Grasim Industries (India) saw a threefold increase in the VSF and filament yarn segments

Lifestyle Hits: 1692
In Q1, Grasim Industries (India) saw a threefold increase in the VSF and filament yarn segments
Lifestyle Hits: 1692

17th August 2021, Mumbai:

For the first quarter ended June 2021, Grasim Industries Ltd., a subsidiary of the Aditya Birla Group, recorded a nearly fourfold increase in its consolidated net profit of Rs. 2,447.97 crore. The business reported a net profit of Rs. 616.99 crore in the April-June quarter of the previous fiscal in a regulatory filing.

During the quarter under review, revenue from operations increased by 52.72 percent to Rs. 19,919.40 crore, compared to Rs. 13,043.51 crore in the previous fiscal.

In Q1/FY2021-22, income from viscose-pulp, viscose staple fiber (VSF), and filament yarn increased by more than thrice to Rs. 2,102.76 crore, compared to Rs. 557.68 crore the previous quarter. However, the category had a 17.9% decline sequentially, with revenues of Rs. 2,583.40 crore in the January-March quarter. “India experienced selective limitations on commercial activity throughout the majority of Q1 FY22, affecting the sale of textile products and resulting in inventory building in the value chain. As a result, the VSF selling volume declined sequentially in Q1 FY22,” it stated.

 

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Grasim Industries stated that the commissioning of the VSF extension of two lines at Vilayat, Gujarat is on schedule. Line 1 is planned to be operational in the second quarter and Line 2 in the third quarter of this fiscal year.

 

China Dyed Viscose Staple Fiber Vsf 1.2D 1.5dx38mm - China Viscose Staple Fiber and Viscose Rayon Staple Fiber price

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