Grasim VSF business revenue up 15% in Q4FY18

The company EBITDA rose 16 per cent in the fourth quarter of 2018 to ₹401 crore and for full year it soared 17 per cent at ₹1,680 crore driven by higher sales volume and improved average realisation with higher domestic sales.

The VSF business reported its highest ever sales volume of 508 KT in FY18, led by growth in the domestic market with intense market development efforts. The share of the domestic sales the overall sales rose to 75 per cent in FY18 from 69 per cent in FY17. The number of Liva tagged garments has witnessed a 10x increase in the last three years to 30.25 million in FY18. More than 3,000 stores across the country are making Liva tagged garments available to the customers, a Grasim press release said.

The caustic soda prices stabilised during the quarter led by capacity restarts in China. The underlying demand from the user industry (Alumina and Textile) continues to remain buoyant. The caustic soda brownfield expansion of 144 KTPA at Vilayat, Gujarat was commissioned in May earlier this year. (RR)

Fibre2Fashion News Desk – India