Emami Q3 net up 22% to Rs 183.7 crore

FMCG firm Emami Ltd today reported a 21.91% increase in consolidated net profit at Rs 183.7 crore for the third quarter ended December 31, 2014.

The company had posted a profit of Rs 150.68 crore in the same period last fiscal, Emami said in a filing to the BSE.

Its net sales rose by 18.40% to Rs 692.26 crore during the quarter under review from Rs 584.67 crore in the corresponding period a year ago.

Commenting on the performance, Emami Director Mohan Goenka said: "Both our domestic and international businesses have done extremely well during this quarter, bettering industry average. This is despite a challenging environment that has been threatened by delayed winter and economic slowdown."

During the third quarter, Emami's domestic business topline grew by 18.2% while its international business grew by 20.6%.

International business growth was led by GCC and CIS countries, the company said.

Shares of Emami closed at Rs 928.45 apiece, down 0.58% from its previous close on the BSE.