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Grasim Operating Profit Rises On Viscose Business, But Chemicals Weigh
Volumes from the viscose business were slightly ahead of estimates, Morgan Stanley said.
23 May 2024, 03:44 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>Grasim's factory in Bharuch, Gujarat (Source: Grasim Industries website).</p></div>](https://media.assettype.com/bloombergquint%2F2024-05%2F98357033-391a-45f9-aec6-a280958eec49%2Fgrasim_plant_bharuch.jpg?rect=24%2C0%2C716%2C403&auto=format%2Ccompress&w=200)
Grasim's factory in Bharuch, Gujarat (Source: Grasim Industries website).
Grasim Industries Ltd.'s operating profit for the fourth quarter of fiscal 2024 beat expectations, aided by lower costs in its viscose business, according to analysts. However, it could have been much higher, had it not been for the lower-than-expected Ebitda of the company's chemicals business.The company's consolidated net profit rose 15.5% year-on-year to Rs 2,722 crore in the quarter ended March. Its Ebitda was up 28.7% to Rs 7,8...
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