;
Home / Knowledge / News / Textiles / Sales volumes for Grasim VSF business higher
Sales volumes for Grasim VSF business higher
30
Apr '08
Grasim Industries Limited has performed well during the quarter ended 31 March 2008. Revenues increased by 15 per cent from Rs. 4,090 crore to Rs. 4,715 crore. Net profit (before extraordinary gain) was higher by 15 per cent at Rs.644 crore (Rs. 558 crore).

The FY 2008 results have been impressive. Revenues crossed US$ 4 billion mark, at Rs.17,037 crore (Rs.14,142 crore), a rise of 20 per cent. Net profit (before extraordinary gains) rose appreciably by 35 per cent at Rs. 2,655 crore (Rs. 1,967 crore).

Dividend:
The board of directors of Grasim has recommended a dividend of 300 per cent (last year: 275 per cent). The total outflow on account of dividend, including corporate tax on dividend, would be Rs. 316 crore, vis-à-vis Rs. 287 crore for FY07, an increase of 10 per cent.

Viscose Staple Fibre (VSF) business:
Macro economic factors impacted the VSF business during the quarter. The deceleration in demand was primarily due to the slowdown of textile demand in USA and liquidation of inventory in the value chain.

Additionally, the anti-dumping investigation by Turkey on import of VSF based yarn and the substitution effect on account of high VSF prices contributed to the subdued performance.

The performance of VSF business for the financial year as a whole was however, impressive. Production increased by 13 per cent at 279,901 tonnes. Sales volumes were higher by 8 per cent at 269,781 tonnes.

During the quarter underreview, the company expanded its VSF capacity at Kharach (Gujarat) by 63,875 tonnes. The company's VSF capacity thus stands increased at 333,975 tonnes.


Must ReadView All

CPTPP comes to Vietnam Jan 14 with benefits, challenges

Apparel/Garments | On 23rd Jan 2019

CPTPP comes to Vietnam Jan 14 with benefits, challenges

The Comprehensive and Progressive Agreement for Trans-Pacific...

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),...

Pakistan's textile exports stable in H1 FY18

Textiles | On 23rd Jan 2019

Pakistan's textile exports stable in H1 FY18

The value of textile and garment exports from Pakistan remained...

Interviews View All

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Erik Sy,

Erik Sy

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

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

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

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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