Viscose-pulp, VSF, and filament yarn sector at Grasim Industries (India) increases by 55.48 percent
16 February 2022, Mumbai:
Grasim Industries Ltd. (part of the Aditya Birla Group) saw a 55.48 percent increase in income from viscose-pulp, viscose staple fibre (VSF), and filament yarn in Q3/FY2021-22, compared to Rs. 2,145.14 crore a year before.
VSF's robust operating performance was fueled by high demand for textile products in India during Q3FY22, despite numerous state government restrictions, according to the business.
The domestic textile value chain has been functioning at near-peak capacity, owing to increased demand.
The commissioning of a brownfield (existing) extension (300 Tonnes Per Day) at Vilayat improved VSF sales volume even further in Q3FY22.
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The rise in worldwide demand for textile products, particularly in the United States and Europe, has resulted in a favourable market environment for VSF.
In a regulatory filing, Grasim Industries reported a 23.10 percent increase in its consolidated net profit for the third quarter ended December 31, 2021, to Rs. 2,655.45 crore.
During the previous financial year's October-December quarter, the firm had a net profit of Rs. 2,157.12 crore.
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*Figures mentioned in the above article have been sourced from ET & Apparel Resources article.
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