;
Home / Knowledge / News / Textiles / Grasim VSF business revenue up 15% in Q4FY18
Grasim VSF business revenue up 15% in Q4FY18
24
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

Courtesy: Global Fashion Agenda

Apparel/Garments | On 23rd Jan 2019

Global Fashion Agenda releases CEO Agenda 2019

Highlighting the urgency of combating climate change, non-profit...

USTR aims for more balanced trade in US-EU trade talks

Textiles | On 23rd Jan 2019

USTR aims for more balanced trade in US-EU trade talks

In negotiations for a trade agreement with the European Union (EU),...

Courtesy: Ayotunde Oguntoyinbo/SMART

Textiles | On 23rd Jan 2019

EU lacks sufficiently stringent regulations: SMART

Despite the European Union (EU) having a wide range of...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

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

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

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

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

Leave your Comments


January 2019

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

news category


Related Categories:

Advanced Search