Grasim net profit tanks 66% to Rs 390 crore

The chemicals segment saw a 16 percent rise to Rs 273 crore, driven by higher profitability in chlorine derivatives and specialty chemicals.

The building materials business that includes cement, paints, B2B ecommerce, booked a revenue of Rs 16,683 crore, up 3 percent, driven by the paints and B2B e-commerce businesses.

Of the paints business, the company said production is steadily ramping up at its three plants in Ludhiana, Panipat and Cheyyar, which were commissioned in Q1 of this financial year. Trial production has started at Chamarajanagar and Mahad plants, it added.

Product availability has increased to 129 with 900+ SKUs already placed in the distribution channel, while the product reach rose to over 4,300 towns.

B2B ecommerce for the building materials business expanded its product offerings across 35 product categories.

The company’s capex in the first half stood at Rs 1,884 crore.