After dismal Q1, Emami poised to grow in near term

GST threw a spanner in the company's works as its sales volume fell and profitability dipped by 98%

After posting a dismal performance in the first quarter of the current fiscal year, fast moving consumer goods (FMCG) company, Emami Ltd is expecting a 14-15 per cent volume growth for the remaining nine months of the current year, which will translate into a 17-18 per cent topline growth during this aforesaid period.

In wake of the Goods and Services Tax (GST) implementation, amidst its peers, Emami Ltd bore the brunt as over 50 per cent of its sales are routed through the wholesale channels, which had resorted to serious destocking with stocks piling up with the dealers. As a