Kolkata-based Emami Ltd has posted a 16.9% rise in net profit to Rs 59.2 crore for the second quarter of the financial year 2012-13 ended on September 30, as compared to Rs 50.64 crore during the same period during the last financial year.
The FMCG major’s net sales for the period under review also zoomed 17.9% to Rs 360.7 crore, as against Rs 305.9 crore during the second quarter of the financial year 2011-12. “We sustained our sales momentum, at a time when input costs and inflationary pressures were high. Our gross margins improved despite steep inflation on some of our key ingredients due to judicial price hikes and effective cost control measures,” said Naresh H Bhansali, chief executive officer, finance, strategy and business development, Emami Ltd.