Emami records 38.5% rise in net profit for the fourth quarter

Emami Ltd has posted a 38.5 per cent rise in its net profit to Rs 54.57 crore for the fourth quarter of the financial year 2010-11 ended on March 31, as against Rs 39.41 crore during the same period during the last fiscal.

The company’s net sales for the period also increased 26.4 per cent to Rs 354.37 crore, as compared to Rs 280.27 crore during the same period in 2009-10. Meanwhile, the company’s net profit for the financial year 2010-11 ended on March 31 zoomed 34.8 per cent to Rs 228.72 crore, as against Rs 169.73 crore during the financial year 2009-10.

The net sales for the last fiscal was also up 23.1 per cent to Rs 1277.78 crore, against Rs 1037.99 crore during the previous financial year. “While development of new products and new markets continues, thrust is being put on increasing distribution and penetration in existing markets and to develop global brands,” the company said in a statement today.