 "Emami soars on strong Q4 results")
Emami has soared 10% to Rs 1,032 on the NSE after reporting a healthy 24% year-on-year growth in its consolidated net profit at Rs 138 crore for the quarter ended March 2015 (Q4) on the back of a higher sales growth. The personal products maker had profit of Rs 111 crore in a year ago quarter.
Net sales during the quarter grew 24% at Rs 554 crore against Rs 446 crore in the corresponding quarter of pervious fiscal.
Going ahead, management expects consolidated revenues to grow 17-18% over the next three-five years and believes it is on track to achieve annual revenues of Rs 5,000 crore in this period, Business Standard report suggests. CLICK HERE TO READ FULL REPORT.
The stock opened at Rs 948 and hit a high of Rs 1,049 on the NSE so far. Till 1438 hours, a combined 894,525 shares changed hands on the counter on the NSE and BSE.
Net sales during the quarter grew 24% at Rs 554 crore against Rs 446 crore in the corresponding quarter of pervious fiscal.
Going ahead, management expects consolidated revenues to grow 17-18% over the next three-five years and believes it is on track to achieve annual revenues of Rs 5,000 crore in this period, Business Standard report suggests. CLICK HERE TO READ FULL REPORT.
The stock opened at Rs 948 and hit a high of Rs 1,049 on the NSE so far. Till 1438 hours, a combined 894,525 shares changed hands on the counter on the NSE and BSE.