Grasim Industries Ltd. (part of Aditya Birla Group) reported a 27.36 per cent increase in its consolidated net profit to Rs. 2,032.41 crore for the Q2 FY22. In the same period, its operation was up 25.71 per cent at Rs. 22,564.22 crore during the quarter under review as against Rs. 17,949.53 crore in the corresponding period of the last financial year.
The revenue from viscose-pulp, viscose staple fibre (VSF) and filament yarn segment was up 79.03 per cent to Rs. 3,005.17 crore in Q2 FY22 as against Rs. 1,678.54 crore a year ago.
The VSF business noticed the highest ever total sales volume with domestic sales volume, back to the pre-pandemic level in Q2 FY22.
“The demand for textile products in India witnessed a significant bounce back during Q2 FY22 with the onset of the festive season, phased reopening of schools, educational institutions, offices and increased textile sourcing from India by global brands as a part of the China+1 strategy,” said Grasim Industries.
