Grasim Industries - Foray Into B2B Digital Platform For Building Materials: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Grasim Industries Ltd. has announced its foray into business-to-business e-commerce platform for building materials procurement with an investment of Rs 20 billion over the next five years. The platform will primarily focus on micro, small and medium enterprises in the building materials segment (cement, steel, tiles, paints etc.) with the potential to further extend to other relevant categories (chemicals etc.) and leverage the large B2B ecosystem within Aditya Birla Group. Management indicated it zeroed down to this venture as it believes this business will be highly scalable with proven path to profitability, besides being relatively asset-light and value-accretive. With Grasim continuing to incubate high-growth businesses (along with recent foray into paints) with attractive long-term internal rate of returns, holdco discount may narrow in the medium term, in our view..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Grasim Industries - Foray Into B2B Digital Platform For Building Materials: ICICI Securities

Grasim Industries - Foray Into B2B Digital Platform For Building Materials: ICICI Securities

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