Grasim Industries' adjusted standalone net profit declined 31.6% y-o-y to Rs. 439 crore on account of weak operating margins in both Viscose and Chemical divisions. Both the divisions reported marginal growth in volumes y-o-y although it suffered on the realization front due to the macro environment. The near term outlook for viscose remains challenging owing to continued US-China trade war and over capacity in Indonesia. Caustic soda is affected by weak demand in user industries and declining chlorine prices. Grasim is undertaking capacity expansion of Rs. 7793 crore in...