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

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 […]

Corporates

Grasim Industries & Rieter Celebrate Partnership At ITMA 2023

July 16, 2023

Grasim Industries Limited, a flagship company of Aditya Birla Group and Rieter has a joint cooperation to explore the production of best air-jet yarns and fabrics made from viscose. Both the companies have recently concluded a trial with the eco-friendly Birla Excel fiber, which is made from a unique closed-loop process. With this trial, the […]