Grasim Industries' first quarter standalone profit is seen rising 0.6 percent year-on-year to Rs 323 crore and revenue may increase 9.7 percent to Rs 2,662 crore, according to average of estimates of analysts polled by CNBC-TV18.
Operating profit is likely to jump 18.3 percent to Rs 518 crore and margin may expand 140 basis points to 19.5 percent compared with same quarter last year.
Viscose staple fibre (VSF) and chemical business continue to operate at near-capacity utilisation. Analysts expect VSF realisations and volumes to come in higher.
On a sequential basis, VSF prices have corrected but on a YoY basis, VSF prices will be higher, analysts feel.
Margins could see some pressure due to costs associated with shutdown of the Harihar plant on water shortage and maintenance related shutdowns.
Majority of consolidated numbers already announced by the company through UltraTech Cement that drives most of share price movement.
UltraTech’s contributes roughly 70 percent to the topline & bottomline of consolidated Grasim numbers as Grasim has 60.25 percent in UltraTech.
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