 "Emami hits new high post Q2 results")
Emami is trading higher by 3% at Rs 785 after reporting better than expected 16% year-on-year jump in net profit at Rs 92.76 crore for the quarter ended September 2014 (Q2), on back of higher sales. The personal products maker had registered a profit of Rs 80 crore in the same quarter last fiscal.
The company's net sales grew 20.4% to Rs 490 crore in the quarter against Rs 407 crore in the corresponding quarter last fiscal.
The company said a good summer coupled with robust performance of the power brands and new launches attributed to the topline growth.
Despite substantial increase in advertising expenses, the company's operating margin increased by 29.6%, it added.
The stock opened at Rs 785 and touched a record high of Rs 809 on NSE. A combined 223,900 shares changed hands on the counter till 1108 hours on NSE and BSE.
The company's net sales grew 20.4% to Rs 490 crore in the quarter against Rs 407 crore in the corresponding quarter last fiscal.
The company said a good summer coupled with robust performance of the power brands and new launches attributed to the topline growth.
Despite substantial increase in advertising expenses, the company's operating margin increased by 29.6%, it added.
The stock opened at Rs 785 and touched a record high of Rs 809 on NSE. A combined 223,900 shares changed hands on the counter till 1108 hours on NSE and BSE.