Profit

Emami Posts 24% Rise in Q4 Profit

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New Delhi: FMCG major Emami on Wednesday reported a 24.45 per cent rise in consolidated net profit at Rs 138.33 crore for the quarter ended March, 2015, on the back of strong performance of its domestic business.

The company had posted a net profit of Rs 111.15 crore for the corresponding period a year ago.

Net sales during the quarter under review rose 24.21 per cent to Rs 553.66 crore in the fourth quarter of 2014-15 as against Rs 445.71 crore in the same period of previous fiscal year, Emami said in a filing to the BSE.

"The growth in the fourth quarter of FY'15 was achieved by the strong performance of domestic business that registered a handsome topline growth of 20.5 per cent," Emami said in a statement.

Emami's international business grew by 48 per cent during the quarter.

"The growth was led by SAARC, GCC and CIS countries," the statement said.

"Despite a challenging and increasing competitive environment added with a short lived winter, we were able to efficiently manage the external challenges to post a very healthy and strong result," Emami director Mohan Goenka said.

For the year ended March 31, 2015, the company posted a consolidated net profit of Rs 485.61 crore as against Rs 402.47 crore in previous fiscal year.

Emami's net sales rose to Rs 2,217.25 crore in 2014-15 from Rs 1,820.77 crore in 2013-14.

The company's board also recommended a dividend of Rs 3 per equity share.

Emami shares closed at Rs 941.25 apiece on the BSE, up 1.25 per cent from the previous close.


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