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Emami Q4 profit up 30% at Rs 94 cr

Net sales rise to Rs 451 crore in Q4, compared to Rs 398 crore in the year-ago period

Press Trust of India Mumbai
Last Updated : May 06 2013 | 7:08 PM IST
FMCG firm Emami Ltd today posted 29.87 per cent rise in its consolidated net profit at Rs 93.99 crore for the fourth quarter ended March 31, 2013 on the back of robust growth in the company's domestic business.

The company had posted a net profit of Rs 72.37 crore in the same period of previous fiscal.

Net sales of the company rose to Rs 450.95 crore in the fourth quarter, compared to Rs 398.44 crore in the same period of previous fiscal.

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Commenting on the results, Emami CEO (Finance, Strategy & Business Development) Naresh H Bhansali said growth has been witnessed across all the key categories with equally strong margins.

"Consumer sentiment in both the rural and the urban sector also continued to be positive which helped in maintaining a robust top-line growth," he added.

For the year ended March 31, 2013, the company posted a net profit of Rs 314.74 crore, compared to Rs 258.84 crore in the 2011-12 fiscal.

Net sales of the company for the year ended March 31, 2013, rose to Rs 1,699.10 crore, compared to Rs 1,453.51 crore in the 2011-12 financial year.

The Kolkata-based firm said its domestic business revenues grew by 17.4 per cent to Rs 375 crore in the fourth quarter.

The company's main brands include, Boroplus, Navranta, Zandu and Fair & Handsome.

"International business was marginally low due to lower offtake in CIS, Russia and the African markets coupled with correction of inventory at distributors' level as also for discontinuance of low margin products in Africa," it added.

The company's board recommended a dividend of Rs 8 per share (800 per cent) for the financial year ended March 31, 2013.

The company's board of directors also recommended issue of bonus shares in ratio of 1:2--one equity share for every two existing equity share held, subject to approval of shareholders.

Shares of Emami today closed at Rs 664.75 on the BSE, up 0.79 per cent from its previous close.

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First Published: May 06 2013 | 6:43 PM IST

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