Grasim Industries Limited's (Grasim) adjusted standalone net profit declined by 35.5% y-o-y to Rs. 526.5 crore on account of weak operating profit margin (OPM) in both viscose and chemical divisions. The VSF division was affected by global capacity overhang, elevated further by U.S.-China trade war. Caustic soda also performed poorly on the operational front owing to increased domestic capacity and weak demand. Exit prices for both VSF and caustic soda are lower, which is expected to put pressure on its standalone operations. Going ahead,...