Business Standard

After demonetisation and GST woes, Emami bounces back in Q2

The company posted a 49% surge in net profit, backed by a 10% volume and 7% increase in earnings

Emami
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Emami

Avishek Rakshit Kolkata
Emami has shrugged off the previous quarter’s blues by posting a 49 per cent surge in its net profit in July-September on a 10 per cent rise in sales volume and a 7 per cent increase in earnings. 

This is in sharp contrast to a 98 per cent dip in the company’s net profit on a 16 per cent decline in revenue during April-June in the aftermath of demonetisation and destocking by channel partners in the run-up to the goods and services tax (GST).

A key strategy, set in motion three quarters ago, has begun to pay off as Emami’s dependence on

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