Grasim Industries Ltd of the Aditya Birla Group posted a 62% year-on-year net profit of ₹2,777 crore for the fourth quarter, the company said in a press release.
Revenue climbed 18% to ₹28,811 crore.
For the financial year 2022, Grasim reported a 75% increase in net profit to ₹7,550 crore. The company said revenue grew 25% to ₹95,701 crore.
Grasim said it had zero net debt at ₹553 crore with net cash as on March 31.
The Board of Directors recommended a dividend of ₹5 per equity share and a special dividend of ₹5 per share for the year ended March 31.
The total outflow on account of dividend will be Rs 658 crore.
The company stated that the total capital expenditure during FY22 was ₹2,537 crore, of which ₹579 crore was spent in the paint business.