Emami Q4 net up 33% at Rs 72 cr

FMCG firm Emami Ltd today said its consolidated net profit rose by 32.64% to Rs 72.37 crore for the fourth quarter ended March 31, 2012, mainly due to strong sales growth in various brands including Navratna Oil and Zandu Balm.

The company had posted a net profit of Rs 54.56 crore for the corresponding period of previous fiscal, Emami said in a statement.

Net sales of the company rose to Rs 72.37 crore for the fourth quarter ended March 31, 2012, as compared to Rs 54.56 crore in the same period of previous fiscal.

For the year ended March 31, 2012, the company posted a net profit of Rs 258.81 crore, compared to Rs 228.71 crore in 2010-11.

Net sales of the company rose to Rs 1,453.51 crore for the 2011-12 financial year as compared to Rs 1,247.07 crore in the previous financial year.

The company's board, which met today, recommended a dividend of Rs 4 per share. It has also recommended special dividend of Rs 4 per share, taking the total dividend to Rs 8 per share.

Commenting on the results Emami CEO, Finance, Strategy and Business Development, NH Bhansali said: "Emami has recorded substantial profitable growth from its power brands like Navratna Oil, Zandu Balm, Fair and Handsome besides Menthoplus Balm.

"We have sustained our sales momentum at a time when input costs and inflationary pressures were high. Continued growth in urban demand and rapid expansion in rural areas have helped the company to maintain double-digit top-line growth," he added.

The company said it is in the process of setting up manufacturing units in Bangladesh and Egypt to cater to growing demand in those two countries besides other African markets.