Aug 9, 2019
Emami sees Q1 profit increase 48% to Rs 39.12 crore
Aug 9, 2019
The personal care brand Emami saw profits increase by 47.84% to reach Rs 39.12 crore ($5.88 million) during the first quarter of the 2020 financial year, which ended in June.
Emami reported that consolidated net profits were up 47.84% at Rs 39.12 crore in the first quarter of the current financial year compared to profits of Rs 26.46 crore during the same time period a year ago, the Press Trust of India reported citing the business’ Bombay Stock Exchange filing. T
he brand’s total income for the period was Rs 660.13 crore up 6.57% from Rs 619.42 crore a year ago.
"The June quarter witnessed challenges in terms of adverse economic conditions such as channel liquidity issues and muted rural incomes which coupled with a high base in Q1FY19 impacted growth levels in the domestic business," said Emami in a statement.
Emami also reported that its earnings before interest, depreciation, taxation, and amortisation had expanded by 110 basis points in the quarter. Total expenses have also risen from Rs 493.94 crore in the first quarter of the 2019 financial year to Rs 514.5 crore during the first quarter of the current financial year.
Emami, which has its headquarters in Kolkata, saw its international business grow by 34% during the quarter. The business credited a strong performance in the SAARC and MENAP regions for the rise.
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