Emami Ltd Q3 net profit rises 12 percent to Rs 261 crore

Emami Ltd reported a 12 percent rise in net profit to Rs 261 crore ($32.5 million) for the December quarter, as against Rs 233 crore in the year ago period.

The company’s revenue for the quarter rose by 1 percent to Rs 996 crore, as against Rs 983 crore posted in the corresponding period of the previous fiscal year.

Commenting on the results, Harsha V Agarwal, vice chairman managing director in a statement said, “I am happy that we could deliver another quarter of resilient performance along with substantially improved profitability with a 7 percent growth in EBIDTA and 9 percent growth in Profit after Tax, despite subdued demand in Q3.”

“Disrupted winter, weak rural demand and continued inflationary woes impacted the winter and discretionary offtakes. We remain committed to deliver volume led profitable growth going forward aided by accelerated scale up of emerging channels, distribution initiatives, ongoing brand and strategic investments coupled with launch of innovative products,” he added.

Emami Group was established by R S Agarwal and R S Goenka in 1974 in Kolkata and today employs 25,000 people across the world. The Rs 30,000 crore business retails a wide range of personal care and healthcare products with brands including Navratna, BoroPlus, Zandu Balm, Fair & Handsome, and Kesh King.