Emami Q3 net up by 31%

FMCG major Emami has reported a jump of about 31.08 per cent in its third quarter net profit at Rs 150.68 crore compared to Rs 114.95 crore in a year ago period.

Net sales for the quarter under review stood at Rs 584.67 crore against Rs  548.44 crore in the corresponding period during the last fiscal, showing a jump of 6.6 per cent.

Unfavourable season and moderation in the growth of FMCG sector has led to this low growth of 6.6% in the topline. However, the company continues to successfully strengthen its market share in most of the categories it is present, the Kolkata based company said in a statement.

“Despite depressed market conditions due to sluggish economy, high inflation and erratic weather, Emami has been able to sustain modest growth. While demand for our products is good leading to continuous increase in market shares in key categories, delayed and erratic winter has affected off-takes in the quarter,” said Emami director Mohan Goenka.