Pavan Jain
CFO, Grasim Industries
Notable Quotes
We will be embracing a U3 world, which is uncertain, unpredictable, and unorthodox world in 2025.
The global business conditions still remain little bit impacted by high interest rates, though inflation seems to be coming down, but still interest rates are expected to remain high.
We have successfully completed our rights issue with an oversubscription of nearly two times.
The international demand for textiles, in general, has been subdued for last 4 or 6 quarters. And the international brands have been saddled with huge inventory for multiple reasons, and they have been trying to correct their inventories by purchasing less.
We have not crossed INR 100 crore monthly revenue rate. We are inching towards that. What we are saying is that INR 100 crore for the quarter we have crossed Q2, and as we are moving from month to month, we are inching towards INR 100 crore of monthly revenue rate.
We would be launching our two new businesses in the current financial year. The paints business would commence its commercial offering from Q4 FY 2024.
Our long term goal is to be second largest player in the Indian decorative paints market, which is growing at a healthy double-digit pace.