Emami Q4 Result: Net Profit Rises 3.6%

Homegrown FMCG major Emami Ltd on Wednesday reported an increase of 3.62% in its profit to Rs 146.75 crore for the fourth quarter that ended on March 31, 2024. The company’s profit for the same quarter of the previous fiscal stood at Rs 141.62 crore, according to a company regulatory filing.

Emami's revenue from operations for the quarter under review was Rs 891.24 crore, up 6.61% from Rs 835.95 crore in the same quarter last year.

"The Company achieved volume-led profit growth in the fourth quarter,” said an earning statement from Emami.

Its Ebitda stood at Rs 211 crore grew by 6%, the FMCG firm said.

Emami's total expenses were Rs 680.26 crore, up 7% in the March quarter of FY24.

Its domestic business grew 8 per cent registering a volume growth of 6.4%, it said.

"Major brands like BoroPlus, Pain Management range, Healthcare range, 7 Oils in One, The Man Company and Brillare performed strongly during the quarter,” said Emami.

However, extended winters led Navratna and Dermicool to post low single-digit growth, it added.

While its "International business grew by 9% in constant currency and 8% in INR terms driven primarily by the MENA region,” it said. Its total income, which includes other revenue, was up 6.14% in the March quarter to Rs 901.94 crore.

"It is encouraging to witness signs of market recovery with rural gradually bouncing back. Our contribution from organised channels has increased to 26 per cent of our domestic business from 22% in FY23," said Emami Vice Chairman and Whole-Time Director Mohan Goenka.

For the financial year, which ended on March 31, 2024, Emami’s consolidated profit was up 15.42% to Rs 724.14 crore. It was at Rs 627.41 crore in the previous fiscal.

Its revenue from operations for FY24 was up 5.06% to Rs 3,578.09 crore. It was at Rs 3,405.73 crore a year ago.

"Overall the company launched more than 50 products and variants in the domestic and international market in FY24 with the majority being Digital first products,” it said.

On the outlook, Emami said it remains 'optimistic' about future growth, supported by a favourable economic landscape, forecast of a normal monsoon, anticipated rural market recovery, government initiatives, and promising macroeconomic factors.

Shares of Emami on Wednesday settled at Rs 516 on BSE, down 3.04% from the previous close.