Grasim, a part of Aditya Birla Group, has posted consolidated net revenue of Rs. 13,646 cr for the quarter ended September 30, 2017. This is an increase of 63 per cent over Rs. 8,386 cr revenue in second quarter of previous fiscal, which did not include the erstwhile Aditya Birla Nuvo Limited (ABNL). ABNL merged with Grasim w.e.f July 1, 2017. EBITDA was up by 34 per cent at Rs. 2,805 cr compared to Rs. 2,098 cr in Q2 last year. During the quarter, VSF prices remained firm globally driven by tighter supply ex-China on account of output curtailment due to environmental factors. The domestic VSF market saw restocking of the inventory leading to increase in sales volume by 5 per cent year-on-year. The viscose business EBITDA for the quarter was at RS. 468 cr on the back of higher realisation and improved operational efficiencies. Results for the quarter also include revenue of Rs. 200 cr and EBITDA of Rs. 61 cr of VFY business, now part of Grasim post ABNL merger.
