April 25, 2024 05:23 (IST)
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Emami registers 18.4 pct growth in Q3
Kolkata, Jan 28 (IBNS): Emami Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2014 at their Board of Directors' Meeting held on Wednesday.
Turnover of the company in the third quarter grew by 18.4% at Rs.692 crores, EBIDTA grew by 19.7% at Rs.212 crores and PAT grew by 21.9% at Rs 184 crores respectively over the corresponding quarter in previous year.
For the first nine months of the year, turnover at Rs.1664 crores grew by21.0%, EBIDTA at Rs.400 crores grew by 23.6% and PAT at Rs 347 crores grew by 19.2% respectively over the corresponding period in previous year.
The third quarter witnessed a strong domestic business that grew at a robust pace, registering a handsome topline growth of 18.2 %.
Even though the winter was delayed, the company successfully overcame the seasonal challenges by the robust performances of the Power Brands, which attributed to the strong topline growth. New launches such as ‘HE’ Deodorant, Fair and Handsome Instant Fairness Facewash, Emami 7 Oils in One Damage Control Hair Oil and Zandu Balm Ultra Power were active contributors to the quarter’s growth.
The company continued to spend aggressively on advertisement and brand building during the quarter to market its products aggressively. Despite the high increase in spends, the Company’s EBIDTA during the quarter rose by 19.7%, bettering industry average. Raw material prices exhibited a declining trend in the third quarter, which had a positive impact on the quarter’s overall performance.
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