Kolkata-based FMCG company Emami today posted a 17.73 per cent increase in its net

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profit to Rs 41.50 crore for the first quarter ended June 30, 2011, over the same period last fiscal.

The company, which had a net profit of Rs 35.25 crore in the year-ago period, attributed the jump in profit to robust growth from some of its brands like Navratna Oil, Zandu Balm, Fair and Handsome and Menthoplus Balm.

During the quarter under review, the firm had a 23.95 per cent increase in its sales to Rs 299.91 crore as against Rs 241.95 crore in the year ago period.

Emami also said the quarter also witnessed strong demand male grooming products sold under the brand 'Fair And Handsome'. Besides, the company said its international business has grown by 31.2 per cent to Rs 34 crore during the quarter.

"While development of new products and new markets continues, thrust is being put on increasing distribution and penetration in existing markets and to develop global brands," the company said in a statement.

At present, most of its revenues from the overseas comes from CIS countries, Middles East and SAARC nations.