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BRIEF-India's Grasim Industries March-qtr consol profit up marginally
May 19, 2017 / 9:33 AM / 6 months ago

BRIEF-India's Grasim Industries March-qtr consol profit up marginally

May 19 (Reuters) - Grasim Industries Ltd

* March quarter consol net profit 10.64 billion rupees

* March quarter consol total income 114.09 billion rupees

* Consol profit in march quarter last year was 10.55 billion rupees as per Ind-AS; consol total income was 107.64 billion rupees

* Recommended dividend of 5.50 rupees per share

* Says transaction with Aditya Birla Nuvo is expected to be completed by Q2 FY18.

* Says company’s brownfield expansion at Vilayat is on track

* Says company’s commissioning of Vilayat plant is expected by q4fy18

* Says company is in the process of debottlenecking of its plants to meet the growing demand for VSF business Source text - (bit.ly/2pZD5Xu) Further company coverage:

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