Grasim reports profit rise amid chemicals demand
after close1 source ↓written by the desknot a recommendation
- a year ago
- ₹7.21 billion
- year-on-year
- 23%
- year-on-year
- ₹96.10 billion
- 26.5%
- ₹99.49 billion
Grasim Industries reported a standalone profit of ₹8.05 billion for Q2, up from ₹7.21 billion a year ago, driven by strong demand in its chemicals segment. Revenue increased 23% year-on-year to ₹96.10 billion. However, rising expenses, up 26.5% to ₹99.49 billion, are pressuring margins. 📈
The resignation of the paint unit CEO adds to challenges as Grasim navigates competition and investments in its paints brand. Immediate market sentiment may be mixed due to these pressures.
Not investment advice. For informational purposes only.