Getty ImagesThis discount, however, will reduce as both the parent company as well as its subsidiaries have been doing well. Once again, Grasim Industries’ quarterly results surpassed market expectations. The company’s standalone revenue and net profit for the third quarter zoomed 21% and 28%, respectively, year-on-year (y-o-y). Though there was a small fall in the margin of its viscose staple fibre (VSF) segment, it was offset by the steady performance of its caustic soda segment and the recovery in its textile segment. Along with its group companies, Grasim enjoys a 17% share in the global VSF market. To strengthen its position further, Grasim is now looking to expand its capacity by 50%. Since domestic and global VSF demand continues to be robust, this capacity expansion should play out in Grasim’s favour. The company’s VSF monopoly in India, slower capacity additions by other global VSF majors due to environmental concerns, better margins due to backward integration, introduction ...