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grasim industries share price: Grasim promotor Birla Group hikes stake by 4 09% to 23 18% in company

There has been no change in the promoter/promoter group s total holding in the company, which remains at 43.06%. Shares of Grasim Industries closed at Rs 2,435.10 on the NSE on Tuesday, rising by Rs 44.45 or 1.86%. A part of the Aditya Birla Group, Grasim reported a 39% increase in its consolidated net profit for the quarter ended March 2024, excluding exceptional items. The net profit rose to Rs 1,908 crore, compared to Rs 1,369 crore in the same quarter last year.

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Grasim Q4 profit up 15 5 pc to Rs 2,721 8 cr, revenue up 12 7 pc to Rs 37,727 13 cr, ET Retail

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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Grasim eyes a paint industry coup with Birla Opus, sets Rs 10,000 cr target for next 3 years

Grasim doubled its planned investment to Rs 10,000 crore for establishing its presence in the paints industry in FY23.

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Grasim to issue rights shares at Rs 1,812 apiece

Aditya Birla Group flagship company Grasim Industries on Thursday announced a price of Rs 1,812 per share for its rights issue through which it plans to raise Rs 4,000 crore.

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Grasim to issue rights shares at Rs 1,812 apiece - News Today

Grasim to issue rights shares at Rs 1,812 apiece - News Today
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