Corporates

Grasim Appoints Vadiraj Kulkarni As Cellulosic Fibres Head

Textile Insights August 28, 2024

Grasim Industries Limited has named Vadiraj Kulkarni as the Business Head (Designate) for its Cellulosic Fibres division, effective October 1, 2024. Harikrishna Agarwal will remain the Managing Director of Grasim Industries and Business Director for Cellulosic Fibres, ensuring a smooth

Financial Results

Grasim Industries Achieves Highest-Ever Revenue And EBITDA In FY24

May 26, 2024

Grasim Industries Ltd has reported its highest-ever consolidated revenue of Rs 1,30,978 crore for the financial year ending March 31, 2024, marking an 11% year-on-year increase. This achievement is attributed to the robust performance across its diversified business portfolio, particularly in building materials and financial services. The company’s consolidated

Sustainability

Grasim Launches Ecosodium Recovered From VSF Production

Textile Insights May 3, 2024

Grasim Industries has launched EcoSodium, which is Sodium Sulphate (SS) recovered from the viscose staple fibre (VSF) production process. “This recovery helps in reducing the environmental footprint through limiting the discharge in waste water,” a Grasim press release informed. Sodium Sulphate, an inorganic chemical with extensive applications, is traditionally sourced

Corporates

Domestic Textiles Shows Strength in Natural Fibres At Bharat Tex

Textile Insights February 29, 2024

Domestic Textiles, a division of Grasim Industries participated at Bharat Tex 2024 and showcased its strengths in natural fibre segments like linen, wool, and cotton. Founded in 1949, Domestic Textiles operates through three key units – Jayashree Textiles, Vikram Woollens, and Grasim Premium Fabric. The company sources authentic European flax and offers a wide range

Financial Results

Q3FY’24 Operational Revenue At Grasim Industries Grows 11.61%

Textile Insights February 10, 2024

Revenue from operations was up 11.61 percent year on year to Rs 31,965.48 crore at Grasim Industries during the third fiscal quarter ended December 31, 2023. Total income amounted to Rs 32,221.97 crore, up 1.93 percent in the quarter under review, while total expenses stood at 28,749.44 crore. However in the October to December quarter, […]

Industry

Kumaraguru College Signs MoU With Grasim Industries

November 26, 2023

Kumaraguru College of Technology’s Department of Textile Technology has entered into a significant Memorandum of Understanding (MoU) with Grasim Industries Ltd on November 20, 2023. This collaborative agreement marks a milestone for both institutions, fostering a mutually beneficial relationship encompassing student internships, projects, placements, faculty

Financial Results

Grasim Industries Reports Marginal Decline In Profits For Q2 FY2024

November 19, 2023

Grasim Industries Limited, a leading player in the textile industry, has announced its consolidated financial results for the quarter ended September 30, 2023, showcasing key insights into the company’s performance. The company’s total income for Q2 FY2024 stood at Rs 30,505.27 crore, reflecting a slight decrease from Rs 31,360.98 crore in Q1 FY2024. Net profit

Corporates

Grasim Raising Rs 4,000 Crore Through Rights Issue

Textile Insights October 19, 2023

The board of Grasim Industries has approved the raising of funds not exceeding Rs 4,000 crore by way of a rights issue, while the rating agencies continue to reaffirm Grasim’s ‘AAA’ ratings. This Rs 4,000 crore will fund ongoing capital expenditure, repay existing borrowings, and support general corporate purposes. Grasim is implementing its highest ever […]

Apparel, Fashion, Retail

Linen Club Expanding Store Network To Smaller Cities

Textile Insights September 11, 2023

The textiles division of Grasim Industries is planning a significant expansion of its Linen Club brand stores, into smaller cities and towns by opening 100-120 retail stores over the next two years. The Aditya Birla Group company is aiming to tap into the potential growth of these smaller towns and cities, and thereby increase its […]

Corporates

Grasim Industries Conferred ‘Sustainable Organisation 2023’ Award

July 16, 2023

Grasim Industries Ltd was honored with the esteemed title of Sustainable Organization of 2023 at the NavaBharat Environment Conclave and Awards in Mumbai. The award was presented to Pavan Jain, Chief Financial Officer of Grasim Industries, by Shri Nitin Gadkari, the Minister for Road Transport & Highways, Government of India. This prestigious accolade serves as […]