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