India: Grasim Industries' 3Q net profit rises 14 per cent

Grasim Industries reported a net profit of INR728,200m for the December quarter, up 14 per cent from INR640,470m on a YoY basis, helped by better realisations at its viscose staple fibre business.

Net sales for the company rose one per cent to INR9470,950m. Analysts, on an average, were expecting a profit of INR819,400m on revenue of INR8806.850m, according to a Bloomberg poll.



The consolidated results of the Aditya Birla Group company include the performance of UltraTech Cement, viscose staple fibre business and a chemical business. Viscose Staple fibre and cement contribute over 90 per cent of its revenues and operating profits.