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

India's ASSEFA reviving indigenous Karungani cotton

Textiles | On 22nd Aug 2018

India's ASSEFA reviving indigenous Karungani cotton

The Association of Sarva Seva Farms (ASSEFA) in India is currently...

Egypt working with industry to restore cotton reputation

Textiles | On 22nd Aug 2018

Egypt working with industry to restore cotton reputation

Egypt’s agriculture ministry is collaborating with the industry there ...

Courtesy: Magda Ehlers from Pexels

Textiles | On 22nd Aug 2018

Pakistan's textile exports stable in July 2018

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

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Deepprakash Agrawal

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

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Robert Brunner
Devereux

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

Sonam & Paras Modi
SVA

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


August 2018

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

news category


Related Categories:

Advanced Search