Grasim s revenue from Cellulosic Fibres was marginally down to Rs 3,761.75 crore in the March quarter. It was at Rs 3,764.06 crore in Q4 of FY23. "Demand in India during the quarter was impacted by the amendment in the MSME policy, which resulted in low inventory build-up in the textile value chain. The Cellulosic Fashion Yarn (CFY) business remains impacted by increased cheaper imports from China in an already weak demand market," it said.
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