MUMBAI: Grasim Industries Ltd’s results for the March quarter were helped by a decent recovery in its VSF (viscose staple fibre) segment. Including viscose filament yarn, overall viscose business Ebitda stood at Rs625 crore. Strong viscose business performance was led by robust underlying domestic demand, improved realisations and better product mix. “Continuing with our thrust on cost saving, total savings of about Rs800 crore was achieved by VSF business during FY21," said Grasim. So far this calendar year, the Grasim stock has appreciated 47% compared to around 10% gain in the Nifty 100 index.

Source: Mint May 25, 2021 06:22 UTC