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Grasim Industries reported a 66% fall in its consolidated internet revenue at ₹390 crore within the second quarter, in contrast with ₹1,164 crore within the final yr quarter. Income from operations, in the meantime, rose 11% YoY to ₹33,563 crore within the reporting interval. Grasim’s standalone numbers exclude earnings of its items UltraTech Cement and Aditya Birla Capital.
The corporate’s paints division, launched earlier this yr underneath the Birla Opus model, has harm its margins as the corporate continues to put money into the enterprise.
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Furthermore, paint makers noticed weak demand because the nation noticed above-average monsoon rainfall throughout the quarter, which impacted gross sales.
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