City-based FMCG major Emami Ltd came out with a strong set of numbers for the third quarter with sales, earnings before interest, depreciation, tax and amortisation (EBIDTA) and profit after tax coming ahead of the market’s expectation.
The company also declared a second interim dividend of Rs 4 per share (400 per cent on Re 1 face value share), totalling Rs 8 per share announced so far. Revenue from operations grew 14.9 per cent in the third quarter to Rs 933.6 crore from Rs 812.6 crore a year ago while profit after tax went up 43.7 per cent to Rs 209.8 crore from Rs 146 crore in the same period last year.
The Emami management attributed the result to the favourable season (winter), a strong demand across the brand, including the healthcare range, especially from the rural market and benign raw material costs.
“Some of our brands in the healthcare and hygiene range, winter portfolio and 7 oils have done exceedingly well during the quarter, signifying positive consumer sentiment. Rural offtakes continue to march ahead of urban,” Mohan Goenka, director of Emami Ltd, said.
