Home / Knowledge / News / Textiles / Grasim VSF business revenue up 15% in Q4FY18
Grasim VSF business revenue up 15% in Q4FY18
May '18
Courtesy: Grasim
Courtesy: Grasim
The net revenue of viscose staple fibre (VSF) business of Grasim Industries for the fourth quarter of fiscal 2018 was recorded at ₹2,232 crore, up by 15 per cent and it was ₹8,376 crore for fiscal 2018, up 18 per cent. The capacity debottlenecking at multiple plant locations is progressing well, with 44 KTPA of capacity coming on-stream in May 2018.

The company EBITDA rose 16 per cent in the fourth quarter of 2018 to ₹401 crore and for full year it soared 17 per cent at ₹1,680 crore driven by higher sales volume and improved average realisation with higher domestic sales.

The VSF business reported its highest ever sales volume of 508 KT in FY18, led by growth in the domestic market with intense market development efforts. The share of the domestic sales the overall sales rose to 75 per cent in FY18 from 69 per cent in FY17. The number of Liva tagged garments has witnessed a 10x increase in the last three years to 30.25 million in FY18. More than 3,000 stores across the country are making Liva tagged garments available to the customers, a Grasim press release said.

The caustic soda prices stabilised during the quarter led by capacity restarts in China. The underlying demand from the user industry (Alumina and Textile) continues to remain buoyant. The caustic soda brownfield expansion of 144 KTPA at Vilayat, Gujarat was commissioned in May earlier this year. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

August 2018

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

news category

Related Categories:

Advanced Search