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Aditya Birla Group’s flagship company Grasim is set to release its Q1 results today, on August 9. In addition to tracking Grasim’s share price, investors will also be watching the Q1 results of other companies including Bajaj Consumer Care, Siemens, Trent, Wockhardt, Zydus Lifesciences, Berger Paints, Trent, and more.
Today, investors will closely monitor Aditya Birla Group’s flagship company Grasim’s share price as the company releases its Q1 results. Additionally, market participants will be watching Bajaj Consumer Care, Siemens, Wockhardt, Zydus Lifesciences, Berger Paints, Sun TV Network, Inox India, and Trent share prices among others as they also announce their Q1 earnings today.
Grasim Industries is projected to report a net profit ranging from ₹104 crore to ₹231 crore for the quarter ending June 30, 2024. This would mark a YoY decrease in profit by 35% to 71%. Revenue for the quarter is expected to be between ₹7,396 crore and ₹7,785 crore, reflecting a possible YoY increase of 17% to 25%.
The drop in net profit is likely due to losses in the paints and VSF segments, along with weak operating margins and higher costs for interest and depreciation. A day before the results, Grasim’s share price closed at ₹2,542, lower by ₹95.05 (3.60%). Today, investors will keep a close eye on Grasim shares.
Here is a list of other major companies set to release their Q1 results today.
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Whether you're an investor tracking earnings or simply curious about corporate performance, stay in the loop with updates from the Indian companies set to release their quarterly results today.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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