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Emami's Q2FY16 cash profit surges by 30.3 pct

India Blooms News Service | 30 Oct 2015, 12:33 am
Kolkata, Oct 29 (IBNS): The Board of Directors of Emami Limited met on Thursday to consider unaudited financial results of the company for the second quarter and half year that ended on September 30, 2015.
Turnover of the company at Rs. 575 crores grew by 17.4% in the second quarter and by 19.9% in H1FY16 at Rs. 1,165 crores. EBIDTA at Rs. 152 crores grew by 34.5% in the second quarter and by 33.9% in H1FY16 at Rs. 252 crores. 
Cash Profits at Rs. 133 crores grew by 30.3% in the second quarter and by 37.2% in H1FY16 at Rs. 243 crores. However, PAT at Rs. 61 crores degrew by 33.0% during the quarter and by 8.9% in H1FY16 at rs. 149 crores on account of Amortization of Kesh King intangibles.
New brands such as Fair and Handsome Instant Fairness Facewash, Emami 7 Oils in One, Zandu Balm Ultra Power and Zandu Gel Balm Jr. continued to perform well.
The power brands continued to maintain leadership in key categories in H1FY16. Cooling Oils grew its volume market share by 860 bps at 73.5% and Cool talc grew its volume market share by 20 bps at 26.2%. Balms, Boroplus Antiseptic cream and Fair and Handsome maintained their leadership positions with volume market shares at 56.4%, 77.3% and 62.4% respectively.
The Company’s EBIDTA during the quarter rose by 34.5% and by 33.9% in H1FY16 mainly on account of gross margin expansion.
International business grew by 11.5% during the quarter and by 16.0% in H1FY16 impacted by geo-political and economic challenges in some overseas markets like Bangladesh and Russia.  MENAP region performed well led by robust growth in GCC region. Most of our Power Brands led by Navratna and Fair and Handsome have performed very well and increased their market shares in the overseas markets.
Mohan Goenka, Director, Emami Limited said :"Despite deflationary environment along with lower rural wage growth and an overall sluggish consumer environment during the quarter, we are happy to announce the domestic business growth of 19.5% in the second quarter and of 21.5% in H1FY16. We have also managed to strengthen our market share in key categories during this quarter. ”
Harsha V Agarwal, Director, Emami Limited said :“All our power brands have performed satisfactorily in this quarter. Our bottomline and EBIDTA margin have also improved due to lower input cost and cost reduction initiatives taken. Our newly acquired brand “Kesh King” has made considerable contribution to the overall topline growth in the first quarter of its integration.  The Healthcare range has also continued its robust growth led by the stellar performance by Zandu Pancharistha. This competitive performance was delivered despite the subdued consumer sentiment and an untimely monsoon. However, we are expecting a gradual uptick in consumer demand in the next two quarters.”

Emami's Q2FY16 cash profit surges by 30.3 pct

India Blooms News Service
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