Q1 FY 2021: Emani's net profit up 1.16% to Rs 39.58 crore

Revenue declined by 26% to Rs 481.34 crore in the quarter ended June 2020 as against Rs 648.64 crore during the previous quarter ended June 2019

e4m by exchange4media Staff
Updated: Aug 7, 2020 7:02 PM
emani

Emami posted a net profit of Rs 39.58 crore, up by 1.16% in the quarter ended June 2020 as against Rs 39.12 crore it posted during the same quarter ended last year.
The revenue declined by 26% to Rs 481.34 crore in the quarter ended June 2020 as against Rs 648.64 crore during the previous quarter ended June 2019.
During the quarter, Emami improved its Gross Margins by 230 bps and EBIDTA Margins by 490 bps.
Commenting on the resuls, Mohan Goenka, Director, Emami Limited said, “We are happy that despite the unprecedented nonconducive business environment due to COVID-19 lockdown which severely impacted our sales in April during the 1st quarter, we have successfully overcome the challenges to post a high single digit growth in the month of June and double digit growth in July. Our May performance had also showed considerable improvement as we navigated the current challenges to emerge successfully with our combating strategy to overcome the muted environment. Our margins grew due to stringent cost control measures and all our new products performed well, particularly the personal hygiene and immunity building categories. Going forward, we expect the growth momentum to continue.”
Harsha V Agarwal, Director, Emami Limited said, “Responding to the current consumer preference for the health & hygiene segment including immunity boosting products, our Zandu Healthcare portfolio, comprising especially of the immunity building products have performed exceedingly well during the quarter, garnering a double digit growth of 23%. BoroPlus portfolio, led by the personal hygiene products like hand sanitizer and soaps as well as the pain management portfolio have also grown by 28% and 15% respectively. The discretionary & seasonal products viz. 7 Oils, Kesh King, Navratna etc which suffered during April and partially in May, have since recovered to a large extent in the month of May. We will be rolling out few more new products in health & hygiene segment in the coming couple of months.”

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