For the full year Grasim’s standalone revenue was up 53 per cent compared to last year. Standalone EBITDA grew by 35 per cent. At consolidated level, revenue rose by 56 per cent and EBITDA was up by 31 per cent. On a like to like basis, the performance for the quarter and year was impressive. Standalone revenue for the quarter was up by 26 per cent (full year up by 30 per cent) and ebitda grew by 35 per cent (full year up by 14 per cent).

Net revenue for Q4 was up by 15 per cent and EBITDA by 16 per cent. For the full year net revenue was higher by 18 per cent and EBITDA by 17 per cent, driven by higher sales volume and improved average realisations with higher domestic sales.

VSF business reported its highest ever sales volume in the year, led by growth in the domestic market with intense market development efforts. The share of domestic sales in overall sales rose to 75 per cent from 69 per cent the year earlier. The number of Liva tagged garments has witnessed a ten-fold increase in the last three years. More than 3000 stores across the country are making Liva tagged garments available to customers.