New Delhi, Aug. 3: Aditya Birla group firm Grasim Industries today reported a 15.04 per cent decline in consolidated net profit at Rs 610.01 crore for the first quarter ended June 30, 2013, compared with Rs 718 crore in the year-ago period.

The company’s consolidated income from operations stood at Rs 6,895.08 crore in the April-June quarter compared with Rs 6,795.48 crore during the same period last year.

Grasim’s consolidated revenue from viscose staple fibre (VSF) and wood pulp segment was Rs 1,367.61 crore this quarter against Rs 1,202.83 crore in the same period last fiscal.

Consolidated revenue from the cement division was Rs 5,293.98 crore this quarter against Rs 5,362.20 crore in first quarter of the previous year.

Revenue from the chemicals division was Rs 224.27 crore this quarter against Rs 239.33 crore in the same period a year ago.

“Given the prevailing global economic conditions, coupled with the surplus capacity in China, the VSF industry continues to face a challenging environment in the immediate term,” the company said.

Godrej show

FMCG major Godrej Consumer Products Ltd (GCPL) today said its consolidated net profit had increased 1.72 per cent to Rs 132.71 crore for the first quarter ended June 2013 on the back of growth across product categories.

GCPL’s revenues stood at Rs 1,724.91 crore in the reported quarter, a year-on-year rise of 23.9 per cent from Rs 1,392.11 crore.

“We have seen strong sales growth and margins have also grown well. Our focus on sustaining and extending leadership in core categories has enabled us to grow significantly ahead of the market,” chairman Adi Godrej said.