Consumer goods maker Emami Ltd. reported a slight improvement in profit and operating margins, but missed analyst expectations in the fourth quarter.
Net profit in the March-ended quarter grew 1.5 percent to Rs 83.3 crore, compared to the same quarter last year. Revenue fell 4.1 percent to Rs 577.6 crore. The topline and bottomline both missed the consensus of analyst estimates tracked by Bloomberg.
Operational profit fell 2.1 percent, but operating margin expanded 70 basis points to 30.8 percent over the corresponding quarter of last year.
The board has recommended a dividend of Rs 5.25 per share, which would take the payout to Rs 119 crore approximately.
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