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regular-article-logo Thursday, 23 May 2024

Emami reports 87 per cent jump in profit after tax to Rs 137 crore for June quarter

Revenue from operations increased 6.8 per cent to Rs 825.66 crore compared with Rs 773.31 crore a year ago

Our Special Correspondent Calcutta Published 08.08.23, 11:37 AM
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Emami Ltd posted a 87 per cent jump in profit after tax to Rs 137 crore in the first quarter, aided by a drop in amortisation expenses. PAT on a consolidated basis stood at Rs 72.6 crore in the corresponding previous quarter.

Revenue from operations increased 6.8 per cent to Rs 825.66 crore compared with Rs 773.31 crore a year ago.

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Amortisation expenses came down sharply to Rs 23.18 crore from Rs 63.95 crore a year ago as the company completed amortising the acquisition of Kesh King which took place in 2015. Excluding the sales of the summer portfolio, domestic business grew 16 per cent, while the overall growth of domestic business stood at 7 per cent.

EBIDTA at Rs 190 crore grew by 10 per cent. The margins at 23 per cent expanded 60 basis points.

Harsh V. Agarwal, vice-chairman and MD, said: “With inflation moderating further, we look to the future with increased optimism and confidence.”

Mohan Goenka, vice-chairman and wholetime director, added that the last quarter witnessed a strong show by the pain management, BoroPlus and healthcare ranges which grew in double digits.

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