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Grasim Industries Limited (GRASIM.BO)

BSE - BSE Real-time price. Currency in INR
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2,201.10+8.70 (+0.40%)
At close: 03:52PM IST
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  • Reuters

    India's Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years

    Grasim Industries launched its paints business under the 'Birla Opus' brand on Thursday, and said it expects the unit to generate 100 billion rupees ($1.21 billion) in gross revenue in three years. The Aditya Birla Group company had raised money twice in calendar 2023 to fund the paints venture. The paints business, which adds to Grasim's flagship businesses of textiles and chemicals, could make the company the second-largest Indian paintmaker by capacity behind market leader Asian Paints, according to analysts.

  • Reuters

    India's Grasim Industries Q4 profit plunges 91% on weak demand, chemical prices

    India's Aditya Birla Group-owned Grasim Industries Ltd reported a decline in net profit for the third straight quarter on Friday, as weakened demand for its textile products and falling chemicals prices weighed. The textile maker's standalone net profit plunged 91.2% to 935.1 million rupees ($11.32 million) in the fourth-quarter ended March 31, from 10.68 billion rupees a year ago. Prices of chemicals, which is Grasim's second-largest division, including caustic soda have also fallen in the quarter, leading to a nearly 4% revenue drop for the segment.