Emami on Monday reported a 3 per cent year-on-year *(YoY) dip in its net profit for the quarter gone by at Rs Rs 178.5 crore as compared to Rs 184.18 crore in the same quarter previous year.
However, the company’s revenue from operations for the quarter was rose by 6.23 per cent YoY at Rs 864.47 crore from Rs 813.75 crore in the same quarter last year.
The domestic business witnessed a 4 per cent growth with a volume growth of 2 per cent, driven by channels catering to urban markets such as modern trade and ecommerce. The International business also expanded by an impressive 12 per cent during the quarter, delivering a constant currency growth of 16 per cent, primarily attributed to robust performances in the SAARC and MENAP regions.
Additionally, the Company made its foray into the juice category with “AloFrut” through strategic investment in Axiom Ayurveda Pvt Ltd and its subsidiaries/associations by acquiring 26 per cent equity stake. Axiom markets beverage products under the brand “AloFrut”, which are most refreshing and healthy fusion of aloe vera pulp and fruit blends.
The Board of Directors declared an interim dividend of 400 per cent, amounting to Rs 4 per share for FY24.
Harsha V Agarwal, Vice Chairman and Managing Director, Emami Limited said, “In this dynamic and challenging environment, our results exemplify our dedication to growth and innovation, marked by a good increase in both volumes and revenues.”
