Emami shares jump 4% on product price hike plan

Tags: Emami, Companies
Shares of personal care products maker Emami Ltd rose as much as 4 percent

RELATED ARTICLES

on Friday after the company said it plans to hike product prices by up to 2 percent in the near term, three dealers said.

"Results were in line with what we had expected. The company's margins, just like the entire FMCG sector, have been under pressure. This quarter Emami's profit from operations fell by 4 percent," said a senior dealer with a local brokerage.

The company, after market hours on Thursday, posted a 38 percent jump in net profit to 545.7 million rupees. Net sales grew to 3.54 billion rupees from 2.80 billion rupees

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Policymakers are committing a blunder by delaying free pricing of oil

    The government’s decision to hike petrol prices can at best be called a half-hearted attempt at expressing concerns about the deteriorating fiscal h

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

India needs to project soft power

The rise from a regional to a global p­ower is ...

Robert Clements

Walk the talk when giving others advice

The only thing one does with advice is to pass ...

Bubbles Sabharwal

Keeping our value system uninjured

Every time one reads a newspaper, there is fr­esh news ...