The board of Emami will meet on Thursday (19 March 2020) to consider a buyback of shares and an interim dividend.
The board will consider second interim dividend for the financial year 2019-20 and the record date has been fixed at 27 March 2020. The announcement was made after trading hours yesterday, 16 March 2020.
Emami's consolidated net profit rose 1.2% to Rs 146.99 crore on a 0.2% rise in net sales to Rs 812.64 crore in Q3 December 2019 over Q3 December 2018.
Emami is engaged in providing ayurvedic medicinal products and cosmetic and toiletries. It operates in the personal and healthcare segment. Its brands include BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief and Kesh King.
Shares of Emami were down 0.89% to Rs 195.65. It has fallen 31.22% in the past one month from its close of Rs 284.45 on 17 February 2020.
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