The company’s net profit stood at Rs 278.98 crore in the third quarter of the current fiscal (Q3FY25)
Despite urban demand facing headwinds, influenced by rising food inflation and liquidity constraints in retail and wholesale trade channels, Emami, a fast-moving consumer goods (FMCG) major has reported a 7 per cent year-on-year (YoY) increase in its consolidated net profit for the third quarter of the current financial year (Q3FY25). The company’s net profit stood at Rs 278.98 crore in Q3FY25 as compared to Rs 260.65 crore during Q3FY24.
The company’s net profit also marked an uptick on a sequential basis as it increased from Rs 210.99 crore in Q2FY25. The consolidated revenue from operations of the company increased to Rs 1,049.48 crore during the recently concluded quarter, from Rs 996.32 crore during the corresponding period of the previous fiscal.
Total expenses for the company also marked an uptick as it increased to Rs 710.79 crore in Q3FY25 from Rs 681.45 crore in Q3FY24. The earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 339 crore in the third quarter of FY25 on a consolidated basis, marking an 8 per cent growth. The EBITDA margins improved by 70 basis points (bps) to 32.3 per cent.
Despite these macroeconomic headwinds, the company reported a growth of 9 per cent in its core domestic business, driven by a healthy volume growth of 6 per cent. On the distribution front, the company’s organised channels, modern trade, ecommerce, and institutional sales, continued their improved performance, now contributing 28.6 per cent of the domestic business, an increase of 160 basis points in Q3. The company stated in a statement.
“Our targeted distribution strategies for new-age channels have played a vital role in driving success across the business. Strategic initiatives for Kesh King and male grooming along with the expected revival of International Business, position us confidently for sustained, robust growth going ahead,” stated Harsha V Agarwal, Vice Chairman and Managing Director, Emami.
The board of directors informed a second interim dividend of 400 per cent, amounting to Rs 4 per equity share for FY24. This follows the first interim dividend of 400 per cent, also amounting to Rs 4 per share, declared in Q2.
