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Emami Q3 PAT grows by 21.6pc

Posted on Feb 08, 07:06PM | IBNS

Kolkata, Feb 8 : Leading leading FMCG company Emami Limited on Friday announced the unaudited financial results of the company for the quarter and nine months ended December 31, 2012.

While turnover at Rs. 549 crores in the third quarter grew robustly at 21.3pc , EBITDA at Rs. 137 crores grew by 16.2pc and PAT at Rs. 115 crores grew by 21.6pc respectively over the corresponding quarter in previous year.

For the first nine months of the year, turnover at Rs. 1248 crores grew by 18.3pc ; EBIDTA at Rs. 247 crores grew by 15.3pc and PAT at Rs. 221 crores grew by 18.3pc respectively.

Domestic business continued its robust growth in the third quarter also. It grew by 21.7pc with revenues at Rs. 465 cr.

"The growth was led by Boroplus Antiseptic cream aided by good winter season. Other Power Brands viz. Navranta, Zandu and Fair and Handsome also grew in line with expectations. Healthcare Division comprising of the OTC, ethical and generic products also registered strong growth," said the company.

With aggressive marketing campaigns Navratna Oil market share increased around 300bps yoy to 58pc during the nine months. Boroplus Antiseptic cream market share at 78pc gained around 270bps yoy this quarter.

Investment made for increasing organised coverage and distribution is continuing to yield positive results. The direct retail reach grew by 20pc .

With increased emphasis, improved visibility and focused execution, the Modern Trade business has registered a strong growth of 50pc in the quarter over last year same period.

The direct rural business has also shown a strong growth of 31pc during the third quarter which is now contributing around 25pc of the total revenues.

International business at Rs. 48 crores grew by 25pc in the third quarter with Bangladesh contributing aggressive growth in the same.

Emami's first overseas manufacturing facility started operations in Bangladesh in this quarter.

Naresh H Bhansali, CEO - Finance, Strategy and Business Development, said: "We have delivered another quarter of strong volume-driven growth across all the key categories with equally strong margins. All our power brands have been reporting strong and consistent performance despite various challenges of the macro-economic environment and input price pressures."

"For the next quarter, our focus will be on pursuing similar aggressive and profitable growth strategy."