Grasim achieves highest-ever Ebitda of Rs 20,837 cr: Kumar Mangalam Birla

INSUBCONTINENT EXCLUSIVE:
(File Photo)3 min read Last Updated : Aug 21 2024 | 2:26 PM IST Kumar Mangalam Birla, chairman of Grasim Industries, said that the company
reached an extraordinary milestone, achieving its highest-ever annual revenue of Rs 1,30,978 crore for the financial year 2023-24, exceeding
$15 billion in consolidated revenues
business and anticipates all of its six plants to be fully operational by the end of the current fiscal year
manufacturing units, located across the country, are fully integrated, connected, and automated, facilitating large-scale production of over
1,200 SKUs with consistent quality
crore in capital expenditures last fiscal year and expressed confidence in achieving Rs 10,000 crore in revenue within three years of
positive response
Similarly, the feedback from the painter and contractor community has been highly encouraging, reinforcing our strategy to eliminate the
shared that it had surpassed the Rs 1,000 crore revenue milestone in its first year of operations
solutions provider in India
With a cumulative installed capacity of approximately 1 GW across 42 projects in 10 states, the business is on track to reach 2 GW by the
end of this year
Indian economy remains resilient despite global risks, growing at a robust pace in FY24
Real GDP growth accelerated to 8.2 per cent, up from 7.0 per cent in the previous year, marking the third consecutive year of 7 per cent or
higher growth
Investment played a crucial role in driving domestic demand, with gross fixed capital formation (GFCF) rising to 9 per cent in FY24 from 6.6
bolstered by strengthening macroeconomic fundamentals, a strong financial and corporate sector, and a resilient external sector