Coming out of the woods: Grasim's core biz sees significant recovery in Q2

Improving prospects of core businesses to drive earnings, and better outlook for subsidiaries to reduce holding company discount

Topics
Grasim Industries | Q2 results | textile industry

Ujjval Jauhari  |  New Delhi 

Grasim Industries' performance for the September quarter (Q2) marked a strong rebound after significant weakness in lockdown-impacted June quarter (Q1). Capacity utilisations rebounded led by rising demand, which in turn is helping realisation too. Analysts feel, the bottom of business cycle is behind.

The company’s consolidated performance is also expected to improve with better outlook for investment companies and subsidiaries. For instance, the cement business, represented by UltraTech, is seeing significant earnings upgrades and rebound in stock price. Similarly, concerns ...

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First Published: Thu, November 19 2020. 06:05 IST
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