Emami Ltd reported a 3 percent increase in net profit to Rs 149 crore ($18 million) for the fourth quarter ended March 31, as against Rs 144 crore in the year ago quarter.
The company’s revenue for the quarter rose by 7 percent to Rs 891 crore, as against Rs 836 crore in the corresponding quarter of the previous fiscal year.
For the full financial year 2024, the company’s net profit jumped by 13 percent year-on-year to Rs 725 crore with a revenue of Rs 3,578 crore.
Commenting on the results, Harsha V Agarwal, vice chairman managing director of Emami Limited in a statement said, “We are very happy to have delivered a growth of 8% in our consolidated net sales, led by a domestic volume growth of 6.4% in the fourth quarter, driven by most of our key brands. Despite facing geo-political challenges, our international business continued to perform well and achieved a commendable 9% growth in constant currency terms.”
“We expect our core brands to deliver a healthy all-round growth going forward, aided by recovery in rural, a strong summer and forecast of a good monsoon. Our strategic investments in innovative start-ups are expected to continue their robust growth and improve their profitability,” he added.
Founded in 1974, Emami Ltd offers personal care products through its portfolio of brands that includes Navratna, Boroplus, Fair & Handsome, Zandu Balm, Mentho Plus and Kesh King among others.
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