Emami dropped 2.82% to Rs 1,020 at 10:30 IST on BSE after consolidated net profit fell 32.97% to Rs 61.34 crore on 16.46% increase in total income to Rs 587.54 crore in Q2 September 2015 over Q2 September 2014.
The result was announced after market hours yesterday, 29 October 2015.
Meanwhile, the S&P BSE Sensex was up 23.44 points or 0.09% at 26,861.58.
On BSE, so far 11,704 shares were traded in the counter as against 14,155 shares in the past one quarter.
The stock hit a high of Rs 1,035 and a low of Rs 987.35 so far during the day. The stock had hit a record high of Rs 1,367.90 on 5 August 2014. The stock had hit a 52-week low of Rs 705 on 17 December 2014.
The large-cap company has equity capital of Rs 22.70 crore. Face value per share is Re 1.
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Emami said bottomline was impacted because of amortization of Kesh King intangibles. The company had acquired hair & scalp care business under the 'Kesh King' and allied brands for Rs 1684 crore (including duties & taxes) in June 2015. Emami's cash profit rose 30.3% to Rs 133 crore in Q2 September 2015 over Q2 September 2014. Earnings before interest, taxes, depreciation and amortization (EBIDTA) rose 34.5% to Rs 152 crore in Q2 September 2015 over Q2 September 2014. EBITDA margin rose 3.4% to 26.5% in Q2 September 2015 compared with 23.1% in Q2 September 2014.
Emami said new brands such as Fair and Handsome Instant Fairness Facewash, Emami 7 Oils in One, Zandu Balm Ultra Power and Zandu Gel Balm Jr. continued to perform well.
Emami is one of India's leading FMCG companies engaged in manufacturing & marketing of personal care & healthcare products. With 250 diverse products, Emami's portfolio includes trusted power brands like Zandu, BoroPlus, Navratna, Fair & Handsome, Mentho Plus, Fast Relief and Sona Chandi Chyawanprash and new brands like 'HE' Deodorant & Emami 7 Oils in One. The company has recently forayed into feminine hygiene space by acquiring 'SHE Comfort' sanitary napkin brand.
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