Grasim’s Consolidated PAT (Profit After Tax) for Q4 FY21 stood at Rs. 3,726 crore and jumped 133% vis-a-vis corresponding quarter last year. Consolidated revenue for the fourth quarter was up 26% YoY at Rs. 24,399 crore and EBITDA for Q4 FY21 surged 62% YoY to Rs. 5,142 crore. 

Consolidated revenue, EBITDA and PBT for FY21 stood at Rs. 76,398 crore, Rs. 15,766 crore and Rs. 10,113 crore. Standalone revenue, EBITDA and PBT for FY21 stood at Rs. 12,386 crore, Rs. 2,078 crore and Rs. 1,014 crore respectively. 

The global textile fibre demand witnessed a sharp recovery in H2 FY21 led by a spurt in the consumer demand and restocking of the pipeline. The growing consumer preference for comfortable, casual and value for money clothing has spurred demand for cellulosic fibre and VSF has been a key beneficiary of this shift. 

The buoyancy in the domestic demand was reflected in 9% YoY growth in the domestic sales. VAP portfolio reported 17% YoY growth during Q4 FY21. The share of value-added products in the overall sales mix as a result improved to 26% in Q4 FY21 from 22% in Q3 FY21. 

The net revenue for the Viscose segment (including VFY) stood at Rs. 2,583 crore and EBITDA at Rs. 625 crore, driven by higher sales volumes, better product mix, significant cost savings and improved realisation. During the quarter, the pulp prices and input costs have, however, started firming up in line with commodities. 

The domestic caustic soda business and advanced material business reported a strong operational performance during the quarter. The caustic soda capacity utilisation improved to 94% in Q4 FY21 from 89% in Q3 FY21. International caustic soda prices improved sequentially led by temporary supply disruptions in the latter part of the quarter. The net revenue for Q4 FY21 stood at Rs. 1,472 crore and EBITDA stood at Rs. 185 crore. 

The paint business is making brisk progress in line with the plans. The company is in the process of hiring senior professionals and specialists for the business. It is also actively engaged in shortlisting/acquiring land for plant locations and is progressing with the engineering planning for the project. 

The Board of Directors of Grasim has recommended a dividend of Rs. 5 per equity share and a special dividend of Rs. 4 per equity share for the year ended 31st March 2021, taking the total dividend to Rs. 9 per equity share. The total outflow on account of the dividend would be Rs. 592 crore.