 "Emami")
FMCG firm Emami on Friday reported a 7.8 per cent year-on-year increase in consolidated net profit to Rs 237.13 crore in Q3 FY23. Net profit was Rs 219.97 crore in the year-ago period.
Revenues from operations grew 1.2 per cent to Rs 982.72 crore. The company attributed the performance to slow demand pattern in the FMCG sector, particularly in rural markets. A warmer winter hurt sales.
Emami’s EBITDA at Rs 294 crore contracted 14 per cent due to input costs, inclusion of new subsidiary costs and strategic outlays on distribution expansion in rural, digital and modern trade channels.
The company’s
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