Emami PAT up 17 %

Tags: News
The profit after tax of (PAT) of BSE-listed FMCG company- Emami Ltd grew 16.7 per cent to reach Rs 71 crore in the Q1, while turnover at Rs 482 crore grew 25.6 per cent and EBIDTA was up 26.7 per cent to reach Rs 75 crore. In fact, the quarter growth has been the highest in the last fifteen quarters, top company officials said.

“The company has performed extremely well during this quarter both in the domestic and the international market especially in an environment which has been threatened by various challenges like economic slowdown and inflation. Strong performance by all our power brands in key categories helped us to meet the challenges in the operating environment and register a 25.6 per cent top line growth. Consumer sentiment and demand for our products continued to be good and robust both in modern and general trade. All our new launches have received encouraging consumer response and have started making significant contribution in generating revenues,” Mohan Goenka, director, Emami Limited, said.

The domestic business in the Q1 grew at a robust pace with an excellent topline growth of 19.7 per cent, the highest growth recorded in the last fifteen quarters. Favourable weather and a good summer coupled with robust performance of the power brands attributed to the excellent topline growth, he said.

The international business of the company grew over 100 per cent during the quarter, doubling the sales achieved against the corresponding quarter in FY14.

“All the focused countries, including Bangladesh, where we have our own plants, performed exceedingly well. Saudi Arabia and Oman in the Middle East, Kenya and Uganda in Africa and Russia amongst the CIS countries were star performers. All our power brands like Navratna, Fair and Handsome, BoroPlus Antiseptic Cream, Zandu & Mentho Plus Balms were rich contributors to our performance in the international market,” said Goenka.

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