Grasim Industries Q4 Results: Net Profit Rises 15.5%

Grasim Industries Ltd. has posted a 15.5% surge in net profit in the quarter-ended March.

Grasim's profit increased year-on-year to Rs 2,722 crore in the fourth quarter of fiscal 2024, according to an exchange filing on Wednesday.

Revenue rose 12.7% to Rs 37,727 crore, in comparison with Rs 33,462 crore for the same period last year.

• Revenue jumps 12.7% to Rs 37,727 crore versus Rs 33,462 crore.

• Ebitda gains 28.7% to Rs 7,892 crore versus Rs 6,131 crore.

• Margin at 20.9% versus 18.3%.

• Net profit rose 15.5% to Rs 2,722 crore versus Rs 2,356 crore.

The company management, in an interaction post the results, indicated that the current volume run-rate of VSF is similar to Q4 FY24. There has been some improvement in VSF prices; but sustainability needs to be seen.

Morgan Stanley has pointed out that caustic soda prices have remained range-bound in H1 FY25 due to subdued consumption in China, leading to higher exports globally, including to India. It reiterates its target to onboard 50,000 dealers for Paints in FY25 and plans to establish 150 depots by end-FY25.

Jefferies also noted that VSF profitability improved both annually and sequentially, on better volumes and lower costs.