Comments
A prolonged winter that affected sale of summer products, weak rural sentiments, adverse liquidity conditions and increase in raw material costs saw home-grown FMCG company Emami Ltd report an over three-per cent drop in standalone net profit to ₹48.53 crore for the quarter ending March 31, 2019.
The company had reported a standalone net profit of ₹50.21 crore in the year-ago-period.
The company, however, saw its standalone net sales (revenue from operations) increase by two per cent to ₹577.96 crore during the quarter under review.
On a consolidated basis, the company reported an over six per cent drop in consolidated net profit to ₹54 crore for the quarter ending March 31, 2019; as compared to ₹60 crore in the corresponding quarter last year. Revenue from operations stood at ₹640 crore in the period under review.
For the full year, the company reported a near flat consolidated net profit of ₹303 crore; while net sales grew by 6 per cent Y-o-Y to ₹2,693 crore.
The board has recommended a dividend of ₹4 per paid up equity share of ₹1 each.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.