Revenue from operations was up at Rs 971.85 crore during the quarter under review as against Rs 933.61 crore in the year-ago period
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The company was founded in the mid-1970s in West Bengal when two close friends left their high profile corporate jobs to set up a cosmetic manufacturing unit in Kolkata
Emami is also progressing with its focussed rural expansion drive under 'Project Khoj' initially targeting top four potential rural contributing states -- Uttar Pradesh, Bihar, Maharashtra and Andhra
Company says posted a growth of 9% in domestic business led by a volume growth of 6%
Firm began investing in startups over three years back ago when it bet on Helios Lifestyle; it has also invested in personal care company Brillare
Presently, FMCG companies are facing inflationary pressure on the raw material inputs and some of them have even increased the prices to maintain margins.
However, PAT and revenues were lower compared to the previous March quarter
Homegrown FMCG major Emami Ltd reported a nearly two-fold jump in consolidated profit after tax to Rs 77.79 crore in first quarter driven by robust sales amid disruptions due to Covid second wave.
Emami said the investment was in line with its strategy of leveraging emerging online opportunities brought about by rapid digitisation
FMCG major Emami Ltd has raised product prices on an average by four per cent to offset the present input cost pressure that will help the company to retain a gross margin of 66-67 per cent.
The company cites higher input cost pressure due to inflation in key commodities, which led to a gross margin decline of 250 bps
FMCG firm Emami Ltd on Tuesday reported over three-fold jump in its consolidated net profit to Rs 87.73 crore for the quarter ended March 31.
All round performance in Q3, attractive valuations add to the optimism, say analysts
All round performance in Q3, attractive valuations add to the optimism, say analysts
Domestic business up 16% led, by a 13% spike in volumes, as firm sees all-round growth across major brands
Last week, the company announced its forays into home hygiene space with 'EMASOL'
Proposition for the men's grooming products has been changed from 'fairness' to 'radiance', relaunch comes months after Emami locked horns with HUL over the use of 'Glow & Handsome' brand name
The company is looking to become a serious player in the segment with plans to introduce more products in future
Momentum in existing products, market share gains are other triggers