Emami declares Q4 results, PAT grows by 18.3 pct
EBIDTA at Rs 118 crores in the fourth quarter grew by 18.0 percent and PAT at Rs. 111 crores grew by 18.3 percent respectively over the corresponding quarter in the previous year, the company said in a statement.
However, this is not withstanding a 1.2 percent decline in net sales at Rs 446 cr over the corresponding quarter last year.
For the full financial year, turnover at Rs.1821 crores grew by 7.2 percent, EBIDTA at Rs. 441 crores grew by 27.1 percent and PAT at Rs. 402 crores grew by 27.9 perent respectively over the previous year.
"Unfavourable season and moderation in the growth of FMCG sector continued to impact the categories. The erratic winter and delayed summer impacted the business of seasonal brands and this led to marginal decline in the revenues in the fourth quarter.However, the company continued to successfully strengthen it’s market share in most of the categories it is present," Emami stated.
"The company is taking up innovation, new launches and extensions very aggressively. In line with the strategy,Company launched Zandu Vigorex (For Energy and Vitality), Boroplus Anti Pollution Face Wash and Fair and Handsome Instant Fairness Face wash - the first brand extension of the Male Grooming Brand Fair and Handsome – in the last 2 quarters. Very recently, a new Brand Emami 7 Oils in One damage control hair oil has also been launched," it said.
International Business grew by 9 percent in the quarter and 23 percent for the full financial year.
Easing of Input prices coupled with strong cost optimization measures have resulted in margin expansion helping deliver 27.1 percent EBIDTA growth for the year.
Mohan Goenka, Director said: “In this depressed market environment characterized by sluggish economy, high inflation and erratic weather, Emami has strengthened market shares in key categories, conserved resources and delivered good profits with marginal sales decline. While demand for our products is good leading to continuous increase in market shares in key categories, delayed summer has affected offtakes in the quarter. International business has performed well with aggressive growth in GCC and SAARC countries.”
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