Emami Q2 pre-tax profit up 11%, misses street forecast due to slowdown

20% growth in international business helps firm post overall revenue growth, firm's brands improve market share despite tepid offtake

Amid muted consumer demand, Emami has performed financially according to Street estimates by posting an 11 per cent increase in its pre-tax profit at Rs 118 crore, even as revenue increased by 5 per cent to Rs 660 crore during the quarter ended September 30, 2019.

The same in the corresponding quarter of the last financial year stood at Rs 107 crore and Rs 628 crore, respectively. 

According to Abneesh Roy, executive vice-president at Edelweiss Securities, Emami had posted 1 per cent volume growth in its domestic business against the expectation of a flat growth in terms of sales volume.

Emami said the