Home / Knowledge / News / Textiles / VSF volumes up 24% at Grasim in Q3 FY'14
VSF volumes up 24% at Grasim in Q3 FY'14
03
Feb '14
Consolidated Financial Performance :   
 
Grasim Industries Limited, an Aditya Birla Group Company, announced its results for the quarter ended 31st December, 2013. The Company’s performance was constrained due to subdued economic conditions. Revenue at Rs 7,120 crore grew by 5% over the corresponding quarter last year. Net Profit was Rs 332 crore as against  Rs 549 crore. 
 
Viscose Staple Fibre 
 
VSF business has recorded volume growth, supported by increased capacity at Harihar. Production increased by 4% over the last year. Sales volume at 97,049 MT was up by 24%, led by better performance in both domestic and exports markets.  
 
The Company was able to maintain the realizations, despite the sharp fall in the international prices, supported by the rupee depreciation.  The input costs have gone up due to the increase in pulp prices coupled with rupee depreciation.
 
The performance of the Pulp JVs was affected on account of planned maintenance shutdowns. The anti-dumping duty levied in China impacted realizations and the volumes of pulp sold in China.
 
Cement Subsidiary (UltraTech Cement)
 
The combined cement and clinker sales volume increased marginally at 10.76 Mn. Tons. The Industry volumes remained flat due to the continued slow down in the Indian economy. Based on continuous cost optimization measures, the business has been able to contain the cost. Net Revenue stood at Rs.5,173 crore (` 5,164 crore). Net Profit was at Rs.395 crore (` 608 crore).
 
Chemical Business
 
The Chemical business reported a growth of 14% in sales volumes. ECU realizations improved over Quarter 2 but were flat on a YoY basis. The operations at Vilayat (Gujarat), which were impacted by the floods, have resumed in December, 2013 and are being ramped up in a phased manner. 

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search