Emami Ltd net profit jumps 23 percent to Rs 118 crore
FMCG major Emami Ltd reported a 23 jump in consolidated net profit of Rs 118 crore ($16 million) in the quarter to September 2020, as against a net profit of Rs 96 crore in the same quarter last fiscal.
The company’s revenue for the quarter under review grew by 10 percent to Rs 743 crore, as against revenue of Rs 676 crore it posted in the corresponding period last year.
Emami attributed one of the strongest quarter growths in the past few years to growth in the health and hygiene segment,along with the sequential recovery in the personal care brands.
"Emami closed the second quarter with an all-round record performance across brands, signifying revival of consumer sentiment. Defying the Covid-19 infused challenging environment, the company posted double-digit revenue growth for the quarter, with its domestic business recording a strong 13 percent growth,” Mohan Goenka, director at Emami Ltd said in a statement.
“Our pain management portfolio has performed exceedingly well along with Kesh King, which has achieved its highest ever quarter sales. We continue to undertake stringent cost control measures and are very optimistic of sustaining the growth momentum in the future,” he added.
Emami Limited is one of the leading personal and healthcare businesses in India with a portfolio of over 300 products.
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