Viscose-pulp, VSF, and filament yarn sector at Grasim Industries (India) increases by 55.48 percent

Viscose-pulp, VSF, and filament yarn sector at Grasim Industries (India) increases by 55.48 percent

16 February 2022, Mumbai:

Grasim Industries Ltd. (part of the Aditya Birla Group) saw a 55.48 percent increase in income from viscose-pulp, viscose staple fibre (VSF), and filament yarn in Q3/FY2021-22, compared to Rs. 2,145.14 crore a year before.

VSF's robust operating performance was fueled by high demand for textile products in India during Q3FY22, despite numerous state government restrictions, according to the business.

 Viscose Staple Fibre - Grasim

The domestic textile value chain has been functioning at near-peak capacity, owing to increased demand.

The commissioning of a brownfield (existing) extension (300 Tonnes Per Day) at Vilayat improved VSF sales volume even further in Q3FY22.

ALSO READ: Bhilwara Technical Textiles Q3FY22

The rise in worldwide demand for textile products, particularly in the United States and Europe, has resulted in a favourable market environment for VSF.

In a regulatory filing, Grasim Industries reported a 23.10 percent increase in its consolidated net profit for the third quarter ended December 31, 2021, to Rs. 2,655.45 crore.

During the previous financial year's October-December quarter, the firm had a net profit of Rs. 2,157.12 crore.

 

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*Figures mentioned in the above article have been sourced from ET & Apparel Resources article.

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