In the second quarter Grasim Industries revenue grew three per cent. Ebitda grew seven per cent and PAT was up six per cent cent driven by superior performance of the company’s subsidiaries, UltraTech Cement and Aditya Birla Capital. In the viscose staple fiber business production and sales volume recorded an increase of eight per cent and five per cent.
Liva, the company’s brand for viscose staple fiber products, continues to grow its reach in the domestic market. Today, Liva partners with over 40 retail brands and is available across 3,500 exclusive brand outlets and large format stores in addition to many more multi-brand outlets in 250 cities of India.
Sustainability has been the core focus area for the company. The business along with its global joint ventures has been the first one in the industry to be carbon positive on scope 1 and scope 2 emissions. Grasim’s viscose staple fiber business will continue to focus on expanding the market in India by partnering with the textile value chain, achieving better customer connect through its brand Liva and extensions into new categories. Grasim is incurring capex to increase capacities across its key business lines and is potentially well positioned to leverage the next phase of economic growth.