May 13, 2022
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Emami sees consolidated net profit rise to Rs 354 crore in January to March quarter

May 13, 2022

Fast moving consumer goods business Emami reported a rise in its consolidated net profit with a total of Rs 354 crore for the January to March 2022 period thanks to a minimum alternate tax credit boost. 

Emami Ltd retails a wide range of personal care brands - BoroPlus

Emami saw its consolidated net profit increase from Rs 87.7 crore in the January to March period in 2021 to Rs 354 crore in the same time period in 2022 after receiving a MAT credit of Rs 288 crore during the period, ET Bureau reported. Because Emami’s tax liability was lower due to recognition of its MAT entitlement in earlier years, this contributed to its significant profit increase. 
“The FMCG industry was affected with muted volumes in Q4 against the backdrop of rising inflation levels, further fuelled by geo-political factors, which impacted the overall consumption sentiment across rural and urban markets,” wrote  Emami in a release to the bourses which was accessed by the Press Trust of India. 

The business’ revenue for the three-month period totalled Rs 770 crore which represents a 5% rise compared to its revenue total of Rs 730 crore in January to March 2021 period. Emami’s gross margins were at 62.4% during the time period. 
“With an overall focus on digital business, we are now increasingly looking at direct-to-customer and e-business-to-business segments and our investments in new-age startups are a step towards being present in the ever expanding FMCG sector,” said the business’ CMD Harsha V Agarwal, the Press Trust of India reported. 

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