Dol­lar, Grasim In­dus­tries re­port in­crease in profit in first quar­ter

Apparel Online - - Domestic Update -

In­dia-based hosiery man­u­fac­turer Dol­lar In­dus­tries and In­dian tex­tile and gar­ment ma­jor Grasim In­dus­tries, the flag­ship of Aditya Birla Group, have an­nounced fi­nan­cial re­sults for the first quar­ter of this fis­cal.

Op­er­at­ing rev­enue for Dol­lar In­dus­tries in­creased from

Rs. 235.07 crore to Rs. 243.65 crore in the re­port­ing quar­ter while profit be­fore tax in­creased 17 per cent to Rs. 22.38 crore as com­pared to Rs. 18.39 crore in the same quar­ter last year. The con­sol­i­dated profit af­ter tax also noted 10.31 per cent in­crease to Rs. 13.80 crore dur­ing the re­port­ing quar­ter, as com­pared to Rs. 12.51 crore dur­ing the cor­re­spond­ing pe­riod last year. The Kolkata based brand, which is fo­cus­ing on prod­uct ex­pan­sion, of­fers its prod­ucts un­der names like Missy, Big­boss, Cham­pion, and Ul­tra Ther­mals. Force NXT and Force Go Wear are pre­mium brands of­fered by the com­pany. The com­pany has its man­u­fac­tur­ing units in Kolkata, Tirupur, Delhi and Lud­hi­ana.

On the other hand, Grasim In­dus­tries noted 13 per cent in­crease in its con­sol­i­dated net profit to Rs. 1,400 crore in the re­port­ing quar­ter ended June 30 while net profit for Grasim stood at Rs. 1,248 crore in the re­port­ing quar­ter. With 71 per cent in­crease, its to­tal rev­enue reached Rs. 17,090 crore in the re­port­ing quar­ter as com­pared to Rs. 11,222 crore in the same pe­riod year ago. Vis­cose – Pulp, Vis­cose Sta­ple Fi­bre, and Fil­a­ment Yam seg­ment also noted boom in rev­enue to Rs. 2,480 crore from Rs. 1,998 crore in the same pe­riod last year. High­est ever quar­terly pro­duc­tion and sales vol­ume of 134KT and 132KT re­spec­tively were re­ported for its VSF busi­ness in the re­port­ing quar­ter. The Grasim In­dus­tries has planned to ex­pand its VSF busi­ness by ink­ing part­ner­ship with the tex­tile value chain.

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