FMCG firm Emami Ltd on Wednesday reported 35.09 per cent increase in net profit at Rs. 79.95 crore for the second quarter ended September 30, 2013 on improved margins.
The company had reported a net profit of Rs. 59.18 crore in the same quarter a year ago.
Emami’s net sales in the quarter under review were at Rs. 406.74 crore, an increase of 12.77 per cent compared with Rs. 360.66 crore in the corresponding quarter in the previous year, the company said in a BSE filing.
“In spite of the weak macro environment for the FMCG industry, Emami Ltd has sustained a satisfactory growth pattern. Strong performance by our power brands like Fair and Handsome and BoroPlus in key categories have led to top line growth,” Emami Director Mohan Goenka told PTI.
Fair and Handsome registered growth of 20 per cent and BoroPlus grew by 30 per cent, Mr. Goenka added.
Overall expenses during the quarter were at Rs. 325.3 crore, an increase of 7.62 per cent as against Rs. 302.24 crore in the same quarter last year.
In the half year period ended September 30, 2013, Emami reported net profit of Rs. 140.62 crore as against net profit of Rs. 105.79 in the corresponding period in the previous year.
Emami Ltd’s shares closed at Rs. 478.95 per scrip at the end of the day’s trade, down 0.21 per cent from its previous close, on the BSE.