The company said that India-centric demand for textiles remained strong during the quarter.

Despite inflationary cost pressures, PAT for the quarter was up 16% at Consolidated level and 68% at Standalone level.

Grasim Industries Limited announced impressive financial results for the Quarter ended 30th June 2022 (Q1FY23) recording all-round growth across key businesses. 

The company's Revenue for the quarter grew 41% at Consolidated level and 93% at Standalone level on YoY basis.

Despite inflationary cost pressures, PAT for the quarter was up 16% at Consolidated level and 68% at Standalone level.

The company said that India-centric demand for textiles remained strong during the quarter. The VSF business reported a sales volume of 197KT in Q1FY23, up 10% QoQ.

The paints business is focused on project execution and is on track to achieving the plant commissioning timelines.

The total Capex budgeted to be spent during FY23 stood at Rs.6,720 Crore.