Emami Q2 net profit surges 16 percent to Rs 96 crore
today Nov 7, 2019
FMCG major Emami Ltd witnessed a 16 percent surge in its net profit to Rs 96 crore ($13.5 million) for the second ended September 30 as against Rs 82 crore it had reported in the same quarter last fiscal.
The company’s revenue from operations rose by five percent to Rs 660 crore in the second quarter against 628 crore in the year-ago quarter.
Even though, Emami performed strongly in the international markets with 20 percent growth during the quarter, challenging liquidity and consumption environment in the domestic business affected its overall revenue and profit.
Commenting on the financial performance, Emami Ltd director Mohan Goenka in a statement said, “Despite constrained liquidity in trade channels and consumption environment, especially for discretionary products in the domestic business, the company posted good revenue growth with an improvement in profit margins during the quarter.”
On the outlook, Goenka said, "We expect the recent economic measures by the central government and RBI to add stimulus to market liquidity which is envisaged to boost the demand curve during the second half of the financial year. Softening of raw material prices and cost control measures are also likely to aid margin improvement."
Emami Limited is one of the leading personal and healthcare businesses in India with a portfolio of over 300 products.
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