Grasim Industries' second quarter standalone profit and revenue are seen rising 33 percent each year-on-year to Rs 450 crore and Rs 2,450 crore, respectively, according to average of estimates of analysts polled by CNBC-TV18.
Operating profit during the quarter is likely to jump 76 percent YoY to Rs 500 crore and margin may expand 500 basis points to 20.4 percent on yearly basis.
Majority of its consolidated numbers are already announced via UltraTech Cement, where it owns 60.25 percent stake.
Ultratech contributed roughly 70 percent to the topline & bottomline of consolidated Grasim numbers.
Topline may be aided by higher volumes-Benefit of merger with Aditya Birla Chemicals will flow in this quarter-Viscose staple fibre (VSF) and chemical business continued to operate at high capacity utilisation-VSF volumes may grow 12-15 percent on the back of commissioning of the new capacity at Vilayat plant-VSF realisations may improve YoY and may be steady QoQ
Key issues to watch out for-Pick-up in cement demand and pricing thereon-Outlook on VSF business, and strategy to utilise upcoming capacities globally-Grasim's promoters announced a restructuring wherein the company will merge with Aditya Birla Nuvo (ABNL) and own 57 percent of listed Aditya Birla Financial Services (ABFSL) and 28 percent of Idea Cellular
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