Emami Misses Estimates As Profit Remains Flat

Emami Misses Estimates As Profit Remains Flat
A store keeper arranges beauty and whitening products, including Emami Ltd.’s “Fair and Handsome” at a Big Bazaar outlet in Mumbai, India (Photographer: Prashanth Vishwanathan/Bloomberg)  

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.

Unlock this article for free
Sign up to access exclusive stories, fewer ads, and a personalised experience.
Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source