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Emami Q2 turnover grows by 17.9pc

Posted on Nov 07, 09:18PM | IBNS

Emami Limited, a leading player in the personal and healthcare consumer products industry, on Wednesday announced the unaudited financial results of the company for the quarter and half year ended September 30, 2012.

While turnover at Rs. 361crores in the second quarter grew by 17.9pc , EBITDA at Rs.64 crores grew by 14.4pc , PBT at Rs. 68 crores and PAT at Rs. 59 crores grew by 21.4pc and 16.9pc respectively over the corresponding quarter in previous year.

For the first half of the year, turnover at Rs. 699 crores grew by 16.1pc ; EBIDTA at Rs. 110 crores grew by 14.2pc , PBT at Rs. 118 crores and PAT at Rs.106 crores grew by 19.4pc and 14.8pc respectively.

Domestic business continued its robust growth in the second quarter.

It grew by 21.8pc with revenues at Rs. 299 cr. All Power Brands viz. Boroplus, Navranta, Zandu and Fair and Handsome grew aggressively. Healthcare Division comprising of the OTC, ethical and generic products also performed credibly in the quarter, registering strong growth.

International business at Rs. 46 crores has grown by 2.8pc in the quarter. Growth in the International business was muted because of discontinuance of low margin products and also for reduction in inventory at distributors / retailers level.

N H Bhansali - CEO, Finance, Strategy and Business Development, said: "Emami registered yet another quarter with substantial growth from its power brands like Boroplus, Fair and Handsome, Navratna and Zandu. We sustained our sales momentum, at a time when input costs and inflationary pressures were high."

"Our Gross margins improved despite steep inflation on some of our key ingredients due to judicial price hikes and effective cost control measures. Continued growth in urban demand and rapid expansion in rural areas have helped the Company to maintain high double-digit top-line growth."