Grasim Q2 up 29% at Rs 418 cr

Grasim Industries, the flagship of the Aditya Birla Group, today announced a 29.4% jump in its net profit at Rs 418 crore for the quarter ended September 2011. In the corresponding period a year ago it was Rs 323 crore.

Net sales too rose 27.1% to Rs 5,649 crore as against Rs 4,444 crore in the year ago period.

At the time of Bombay Stock Exchange's closing on Friday, the company's stock was trading at Rs 2,291, down 1.04%.