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Grasim Annual Report FY10

Grasim Annual Report FY10

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Published by Vikas Ralhan

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Published by: Vikas Ralhan on Aug 31, 2010
Copyright:Attribution Non-commercial


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Mr. G. D. Birla and Mr. Aditya Birla, our founding fathers.We live by their values.Integrity, Commitment, Passion, Seamlessness and Speed
Dear Shareholder,The global economy is graduallyemerging from the throes of themeltdown of 2008. While growth rateshave picked up, it will still be a while toget back to the pre-crisis path. However,the fundamentals of the global economyappear to be reasonably good. The IMFhas forecasted a growth of 2.3% for theadvanced countries and 6.3% for theemerging economies for 2010. Of allthe countries, China’s growth has beenmost impressive. Its economy hasrecorded a double-digit growth for several quarters. And it continues tosurge.India also is on a strong growthtrajectory. Our economy is slated to growin excess of 8%. Consumer spending isgaining momentum. Private investmentis picking up steam. Globally and inIndia, the trend is encouraging. Theseimpact your Company’s growth andperformance.For the Financial Year 2009-10, your Company’s performance has beenrobust. Net Revenue at Rs.20,195 croresis up by 9% over that of the precedingyear. Net Profit at Rs.3,096 croresregistered a growth of 42%.

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