Emami lost 4.13% to Rs 342.10 at 15:19 IST on BSE after consolidated net profit fell 6.09% to Rs 56.09 crore on 6.1% rise in total income to Rs 656.90 crore in Q4 March 2019 over Q4 March 2018.
The result was announced after market hours yesterday, 27 May 2019.On the BSE, 54,000 shares were traded on the counter so far as against the average daily volumes of 23,000 shares in the past two weeks. The stock had hit a high of Rs 345.85 and a low of Rs 340 so far during the day.
Emami said that the domestic business was impacted in Q4 March 2019 due to a prolonged winter affecting the sales of summer products like cool oils, talcs and deodorants. Weak rural sentiment and adverse liquidity condition also impacted demand during the quarter.
Emami is a fast moving consumer goods company.
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