Profit

Emami Q3 Profit Up 22% at Rs 183.7 Crore

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New Delhi: FMCG firm Emami Ltd on Wednesday reported a 21.91 per cent increase in consolidated net profit at Rs 183.7 crore for the third quarter that ended on December 31, 2014.

The company had posted a profit of Rs 150.68 crore for the corresponding period last fiscal year, it said in a filing to the BSE.

Net sales rose 18.40 per cent to Rs 692.26 crore during the quarter under review from Rs 584.67 crore in the corresponding period a year ago.

"Both our domestic and international businesses have done extremely well during this quarter, bettering industry average. This is despite a challenging environment that has been threatened by delayed winter and economic slowdown," Emami director Mohan Goenka said.

During the third quarter, Emami's domestic business topline grew by 18.2 per cent while its international business grew by 20.6 per cent.

International business growth was led by GCC (Gulf Cooperation Council) and CIS (Commonwealth of Independent States) countries, the company said.

Shares in Emami, on Wednesday, ended at Rs 928.45 apiece on the BSE, down 0.58 per cent from the previous close.

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