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Revenues soar 21% at Grasim's VSF business in Q2FY17
04
Nov '16
For the three months ended September 30, 2016, driven by higher volume and realisation, revenue soared 21 per cent year on year, to reach Rs 1,740 crore at the viscose staple fibre (VSF) business division of Grasim Ltd. Overall sales volume too rose 9 per cent from a fiscal ago period, led by a 19 per cent growth in the domestic markets.

In the second quarter of fiscal 2017, Grasim reported a 75 per cent surge in EBITDA at Rs 371 crore compared to Rs 211 crore in the prior fiscal's same quarter.

“Apart from increased volume and realisation, better sales mix and operating efficiencies also added to higher profitability,” the Aditya Birla Group company explained.

In its outlook for the division, Grasim expects the business to maintain stability, while it continues to focus on expanding the VSF market in India by achieving better customer connect through its Liva brand and enriching the product mix through a larger share of specialty fibre. (AR)

Fibre2Fashion News Desk – India


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