FMCG major Emami has announced that in the fourth quarter PAT stood at Rs 111 crore, growing by 18.3 percent over the corresponding quarter in the previous year, not withstanding a 1.2 percent decline in net sales at Rs 446 crore for the same period last fiscal.
For the full financial year, turnover stood at Rs 1,821 crore growing by 7.2 percent, EBIDTA at Rs 441 crore grew by 27.1 percent and PAT at Rs 402 crore, grew by 27.9 percent, respectively over the previous year.
However, the company is going strong on innovation, new launches, and extensions. In line with the strategy, it launched Zandu Vigorex (For Energy and Vitality), Boroplus Anti Pollution Face Wash, and Fair and Handsome Instant Fairness Face wash – the first brand.
Mohan Goenka, Director, Emami, said: “In this depressed market environment characterised by sluggish economy, high inflation, and erratic weather, Emami has strengthened market shares in key categories, conserved resources and delivered good profits with marginal sales decline. While demand for our products is good leading to continuous increase in market shares in key categories, delayed summer has affected offtakes in the quarter. International business has performed well with aggressive growth in GCC and SAARC countries.”
International business of Emami grew by 9 percent in the quarter and 23 percent for the full financial year.