Emami Ltd reported 86 percent rise in net profit to Rs 138 crore ($16.7 million) for the April-June quarter, as against Rs 74 crore in the year-ago period.
The company’s revenue for the quarter rose by 7 percent to Rs 826 crore, as against Rs 773 crore reported in the corresponding quarter of the previous fiscal year.
Emami’s modern trade and e-commerce businesses grew by 45 percent and 47 percent respectively while its international business grew by 8 percent over previous year.
Commenting on the results, Harsha V Agarwal, vice chairman managing director at Emami Ltd in a statement said, “We are happy to report a 7 percent growth in domestic business despite challenging operating environment. While erratic summer & unseasonal rains impacted summer product offtakes, our non-summer portfolio grew strongly by 16 percent.”
During the quarter, Emami witnessed strong double-digit growth for its brands like Navratna, 7 Oils in One, Fair and Handsome and Creme 21 in the international markets.
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