Emami reports 37% rise in Q3 profit to ₹202 cr; revenue grows 13%

Our Bureau Kolkata | Updated on January 28, 2021

Harsha V Agarwal, Director, Emami Ltd

Homegrown FMCG company Emami Ltd reported a near 37 per cent jump in standalone net profit to ₹202 crore for the quarter ending December 30, 2020. Net profit in the year-ago period stood at ₹148 crore.

Standalone revenue from operations stood at ₹845 crore, up 13 per cent year-on-year, over the ₹748 crore it reported in Q3FY20.

On a consolidated basis, the company reported a 45 per cent jump in net profit, YoY, to ₹209 crore for Q3FY21; while revenue from operations increased by 15 per cent, YoY, to ₹934 crore.

Domestic business

According to a company statement, “a favourable season and a favourable consumption environment” led to all-round growth across major brands.

The healthcare range grew by 38 per cent; BoroPlus saw a 21 per cent growth; Kesh King grew by 16 per cent while the pain management range saw a 12 per cent growth. The ‘7 Oils in One’ hair-care portfolio grew by 32 per cent.

Offerings in the male grooming range “recovered and posted positive growth”, led by the re-launch of its ‘Fair and Handsome’ range.

While rural markets continued to perform better, growth in urban markets picked up; the company statement said adding that “all the channels continued to perform well and posted convincing growth with e-commerce channel growing by 3.5x during the quarter”. Modern trade channel saw a 51 per cent growth.

International businesses

The company’s international businesses saw a 26 per cent growth led by MENAP and SAARC regions during the quarter. Particular focus on immunity-boosting products & launch of the hygiene range during the ongoing Covid pandemic helped boost sales.

“Further, the strategy of identifying & tapping opportunities in markets with high hair oil usage, with brands like Kesh King & 7 Oils in One paid off well in International markets,” the statement said.


During the quarter, stringent cost control measures and benign raw material prices helped improve margins.

Gross Margins saw a 210 basis points growth (BPS) to 70.4 per cent; While EBIDTA (earnings before interest, depreciation, tax and amortisation) margins grew by 390 basis points to 36.4 per cent.

According to Harsha V Agarwal, Director, Emami Ltd expects to continue with this growth trajectory.

“Our ad-spends having returned to Pre-Covid levels, we will continue to invest in our existing brand and categories, to increase market penetration,” he said.

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Published on January 27, 2021
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