Emami Q4 net profit down 6 percent to Rs 56 crore

By

Maverick Martins

Published
May 28, 2019

FMCG major Emami Ltd net profit for the fourth quarter ended March 2019 dropped by 6 percent to Rs 56 crore ($8.1 million) as against Rs 60 crore it had reported in the corresponding quarter last fiscal.
 

The company’s sales for the quarter were also down to Rs 640 crore from Rs 617 crore it had reported last year during the same period.
 
The company attributed the drop in numbers to prolonged winter which affected the sales of its summer products like cool oils, talcs, and deodorants.

Emami is a strong player in this segment and witnesses strong sales during the fourth quarter. This year however the company’s domestic business grew only three percent due to a poor sales of its summer brands.
 
Commenting on the results, Emami director Mohan Goenka in a statement said, "An extended winter pushing back the onset of summer has adversely impacted the performance of our summer portfolio which contributes over 40 percent to the fourth quarter topline.”
 
“The agrarian crisis too moderated the rural growth. While modern trade registered an encouraging growth of 33 percent, channel liquidity in the domestic market has been another speed breaker this quarter," he added.
 
Founded in 1974, Emami Limited is one of the leading personal and healthcare businesses in India, with a portfolio of over 300 products.