The consolidated net profit of Aditya Birla Group firm Grasim Industries jumped by 46 percent to Rs 2,305 crore during the fourth quarter ended March 31, as against a net profit of Rs 1,583 crore that the company posted in the year-ago period. The company’s revenue during the quarter declined by 11 percent to Rs 19,902 crore as against Rs 22,431 crore in the corresponding period previous fiscal.

During the fiscal year 2019-20, Grasim Industries’ net profit grew two-fold to Rs 6,677 crore, as against Rs 2,745 crore in the previous year while its revenue increased by 1 percent to Rs 77,625 crore, as compared to Rs 77,200 crore in 2018-19. Its domestic grey VSF prices softened sequentially in Q4FY20 in line with global prices but the overall performance improved QoQ on the back of better cost management, higher speciality sales, and lower input cost.

Expecting the COVID-19 related economic slowdown to impact its sales in near term, the company has initiated various measures to reduce its fixed costs and conserve cash as part of its comprehensive business continuity plan.”