Emami Ltd Q2 net profit jumps 56 percent to Rs 185 crore

By

Maverick Martins

Published
Oct 29, 2021

Kolkata-based FMCG major Emami Ltd reported a 56 percent rise in its net profit to Rs 185 crore ($24.7 million), as against Rs 118 crore it reported in the year-ago period.
 

The company’s revenue for the quarter rose 7 percent to Rs 788 crore, as against Rs 734 crore it reported in the corresponding period of the previous fiscal year.
 
Commenting on the Q2 results, Mohan Goenka, Emami director, in a statement said: “We are happy to have been able to maintain our growth trajectory to post a growth of 9 percent in our domestic business, led by volume growth of 6 percent. Despite the wane in the demand for healthcare and immunity products currently, our healthcare range and pain management range continue to witness strong growth, with a two-year CAGR of 26 percent and 18 percent, respectively.”

On the outlook, he said: “We will continue to strengthen our core brands, invest in new brands and extensions, leverage new engines of growth including new age D2C (direct-to-consumer) and e-commerce platforms to reach critical mass and remain constant in our growth trajectory.”
 
Emami is one of India's leading FMCG companies engaged in the manufacturing of personal care and healthcare products.