Indian firm Grasim Industries' revenue soars 9% in Q1 FY25

India’s Grasim Industries, a flagship company of Aditya Birla Group, has reported consolidated revenue of ₹338.61 billion (approximately $4.03 billion) for the first quarter of fiscal 2025 (Q1 FY25), marking a 9 per cent year-on-year (YoY) increase. This growth was driven by the strong performance of the company's diversified business portfolio, particularly in the cellulosic staple fibre (CSF) segment.

Despite the rise in revenue, Grasim's consolidated EBITDA decreased by 4 per cent YoY to ₹47.6 billion. The CSF business achieved its highest-ever quarterly sales volume, reaching 212 kilo tonnes (KT), a 14 per cent YoY increase. The chemicals business also recorded revenue of ₹20.66 billion, a decline of 4 per cent YoY and 1 per cent quarter-on-quarter (QoQ). However, EBITDA for the Chemicals segment grew by 59 per cent QoQ, though it fell by 13 per cent YoY, the company said in a press release.

In the CSF segment, revenue for the quarter was ₹37.87 billion, up 6 per cent YoY, with segment EBITDA increasing by 4 per cent YoY to ₹4.05 billion. This growth was attributed to operating leverage and lower input costs. The chemicals segment saw a revenue mix improvement in speciality chemicals (epoxy polymers and curing agents), which rose to 30 per cent for the quarter, compared to 25 per cent in Q1 FY24.

Revenue from Grasim's other businesses increased by 6 per cent YoY to ₹7.98 billion, though EBITDA declined by 16 per cent YoY to ₹1.09 billion.

Fibre2Fashion News Desk (DP)