Page 3 - Grasim Industries

Stocks to Watch, May 23: Grasim, GMM Pfaudler, Petronet LNG, Star Cement

On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare

Grasim Q4 results: Profit rises 15.5% to Rs 2,721.8 cr, revenue up 12.7%

Aditya Birla Group flagship holding firm Grasim Industries Ltd has reported an increase of 15.54 per cent in consolidated net profit at Rs 2,721.81 crore for the fourth quarter ended March 2024, led by strong performance by its cement and financial services business. The company had posted a net profit of Rs 2,355.67 crore during the January-March quarter a year ago, according to a late night regulatory filing by Grasim Industries on Wednesday. Its revenue from operations was up 12.74 per cent to Rs 37,727.13 crore during the quarter under review. It was at Rs 33,462.14 crore in the corresponding period of the previous fiscal. The consolidated revenue was "at its highest levels," said an earning statement from Grasim Industries. Grasim has an exceptional items charge of Rs 538 crore in the March quarter. Its consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood "at an all-time high" of Rs 6,196 crore, recording a growth of 27 pe

Grasim Industries Q4 results: Net profit rises 15.5% to Rs 2,721.81 cr

Grasim Q4 results: The board recommended dividend of Rs 10 per equity share for FY24

Grasim Industries secures Rs 1,250 cr from International Finance Corp

The investment by IFC, World Bank's private sector arm, will be in the form of a subscription to non-convertible debentures (NCD) issued by Grasim

Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low

CLSA downgrades Asian Paints to 'sell'

Analysts positive on Grasim's prospects due to launch of paints division

Management guidance was that the VSF margin is stable. Even though caustic soda price is down, global prices are likely to bottom soon

Grasim Industries paints Rs 10K cr sales target in 3 years for Birla Opus

Further, it aims to become the second-biggest player in the Rs 80,000 crore Indian decorative paints market, which is currently dominated by Asian Paints

Grasim enters paint biz with Birla Opus, aims Rs 10k cr revenue in 3 years

The company has also inaugurated three plants of Birla Opus at Panipat (Haryana), Ludhiana (Punjab) and Cheyyar (Tamil Nadu)

Grasim gains 2%, hits record high on paint biz launch; Asian Paints dips 2%

The company will launch Birla Opus Paints Business and inaugurate three Birla Opus Paints plants at Haryana, Punjab and Tamil Nadu today on February 22, 2024.

Grasim Industries Q3 results: Net profit rises 48% to Rs 1,514 crore

On a standalone basis, the net profit for the quarter was Rs 236 crore in the December 2023 quarter as compared to Rs 257 crore reported in December 2022

Grasim Industries Rs 4,000 crore rights issue over subscribed two-fold

Grasim Industries said its Rs 4,000 crore rights issue has been subscribed nearly two-fold on the final day of subscription on Monday. The company has received a cumulative bid for nearly 4.34 crore shares as against 2.21 crore shares offered by the Aditya Birla Group firm, according to an exchange filing. The rights were issued at Rs 1,810 per share, which was 16 per cent less than the prevailing market price. Shares of Grasim Industries Ltd on Monday settled at Rs 2,103.05 on BSE, up 1.37 per cent from previous close. In a separate filing to stock exchanges, Grasim Industries said it has repaid Rs 600 crore to investors of its commercial paper which matured on Monday. Grasim Industries' right issues opened on January 17. Earlier on January 4, the board of Grasim Industries had approved raising of Rs 4,000 crore through a rights issue to fund its next phase of growth by issuing 2.21 crore shares having face value of Rs 2, with a premium of Rs 1,810. In October last year, Grasim

Stocks to Watch today, Jan 5: Sobha, Dabur, Grasim, REC, Jupiter Wagons

Stocks to Watch on Friday, January 5, 2024: Grasim Industries' Board has approved fund raise via rights issue worth Rs 4,000 crore.

Grasim Industries rights issue price fixed at Rs 1,812 per share

The company has decided on a rights entitlement ratio of six shares for every 179 fully paid-up equity shares held by the eligible equity shareholders as of the record date

Stocks to Watch today, Nov 15: Dabur, ASK Auto, TaMo, PC Jeweller, Yatra

Stocks to Watch on Wednesday, November 15, 2023: The Mumbai Police has filed an FIR in connection with the Mahadev betting app scam against prominent figures from the Dabur Group

Grasim Q2 results: Net profit rises 15% to Rs 1,164 cr, revenue up 10%

Profits from the cement subsidiary UltraTech also helped boost Grasim's financial performance in the quarter gone by

Stocks to Watch today, Nov 13: Protean, Sun TV, CIL, ONGC, BF Utilities

Stocks to Watch on Monday, November 13, 2023: Shares of Protean eGov Technologies will list on the bourses today

Grasim Industries' rights issue will strengthen balance sheet, fuel growth

Caustic soda prices may have bottomed out and started to improve from lows and should be higher in Q3FY24

Grasim to launch its paint biz in Q4 under the brand name 'Birla Opus'

The production of paints will take place at the company's manufacturing plants located in Haryana, Punjab, Tamil Nadu, Karnataka, Maharashtra, and West Bengal

Grasim plans to open 100-120 retail stores in smaller cities in next 2 yrs

The textile division of Grasim Industries is planning to expand its footprint in smaller cities and towns by opening around 100-120 retail stores over the next couple of years, a senior official of the company said. It also hopes for a surge in demand for textile products in the upcoming festive season. "We are optimistic about the growth story of India. We plan to expand in both retail and wholesale businesses. Over the next two years, we plan to open 100-120 Linen Club retail stores in smaller cities and towns," Satyaki Ghosh, CEO, (Domestic Textiles), told PTI in an interview. Linen Club is Grasim Textiles' premium brand of linen products. Linen comprises about one-third of the company's textile business of around Rs 3,000 crore. Currently, Grasim Textiles has around 217 brand stores across the country. Ghosh, who was in Kolkata to inaugurate a Linen Club store, said the company also plans to expand its reach to 12,000 multi-brand retailers in these markets, from about 8,500 at

Grasim Industries posts 56% Q1 profit drop on chemicals, textile slump

Prices of chemicals, including caustic soda, fell in the in the June quarter, leading to a 21.5% revenue drop in the company's second-largest business