INDIA: Viscose Staple Fibre Saves The Day for Grasim
Bombay-based Grasim, part of the Aditya Birla group, reported a net profit of 1.05 billion rupees, up from 1.02 billion rupees a year earlier. Net sales rose 1.64 per cent to 11.36 billion rupees from 11.17 billion rupees.
DD Rathi, Grasim's executive vice-president, said the viscose staple fibre business saw volumes jump 48 per cent from a year earlier.
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