Emami Limited Q1 profit soars to Rs 27 crore

By

Maverick Martins

Published
Aug 2, 2018

FMCG firm Emami Limited witnessed a huge jump in its consolidated net profit at Rs 27 crore ($4 million) for the first quarter ended on June 30, 2018, led by growth in revenue and volume. The company had posted a consolidated net profit of Rs 1 crore during the April-June period a year ago.

Revenue from operations saw a 16 percent jump to Rs 614 crore compared to Rs 529 crore in the same period last year.
 
Commenting on the results, Mohan Goenka, Director, Emami Limited in a statement said, “We started the year FY19 with 19% growth in the first quarter. Both volume and revenue registered a handsome recovery compared to the GST impacted the corresponding quarter of last year. This quarter, we have seen wholesale recovery across the regions, which is a positive sign.

“Internationally, volatile business environment affected the CIS market. However, exceptional performances by SAARC and MENAP regions have been instrumental to pull off growth for this quarter,” Goenka added,
 
Harsha V Agarwal, Director, Emami Limited said, “Despite an erratic summer, our brands led by Navratna and Pain Management have registered handsome double-digit growth for the first quarter. Steady growth came from men’s facewash, light hair oil, and deodorant categories while new launches like Fair and Handsome Laser 12 and Emami Diamond Shine Crème Hair Colour have shown promising trends.”

Founded in 1974, Emami Limited is one of the leading personal and healthcare businesses in India, with a portfolio of over 300 products. It currently has operations in more than 60 countries including GCC, Europe, Africa, CIS countries and the SAARC.