Aditya Birla Group firm Grasim Industries has said that its consolidated net profit declined marginally by 0.51 per cent to Rs 484.67 crores for the first quarter ended June 30. The company had posted a consolidated net profit of Rs 487.13 crores during the same period of the previous fiscal, Grasim Industries said in a BSE filing.

The company's consolidated net sales stood at Rs 8,507.98 crores in the April-June quarter, up 6.67 per cent compared with Rs 7,975.3 crores during the same period last year. Consolidated revenue from its viscose staple fibre (VSF) and wood pulp segment was Rs 1,664.37 crores this quarter as against Rs 1,558.58 crores year ago. Its consolidated revenue from chemicals division was Rs 485.18 crores as against Rs 414.2 crores last year.

Revenue from other segments, which constitute mainly textiles, were at Rs 136.65 crores compared with Rs 148.57 crores in the same period in the previous year. Grasim is one of the dominant players in the ready-to-stitch over the counter fabric industry. It has also ventured in to ready-to-wear category by launching readymade garments through distribution network and its exclusive showrooms.

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