FMCG firm Emami Tuesday reported a decline of 16.14 per cent in consolidated net profit at Rs 82.68 crore for the second quarter ended September 30, 2018.
The company had posted a net profit of Rs 98.60 crore during July-September quarter a year ago, the company said in a BSE filing.
Emami's revenue from operations was almost flat at Rs 628.02 crore as against Rs 627.93 crore in the corresponding quarter of the previous fiscal.
Total expenses were at Rs 438.63 crore as against Rs 426.59 crore in the year-ago period.
"Our growth in the first half of 2018-19 has been modest. Rising input cost of key raw materials has been a challenge. Wholesale recovery has been moderate and is expected to pick up further," Emami Director Mohan Goenka said.
He further said:" While Modern Trade performance has been good, rural too is picking up.With erratic monsoon and winter being slightly delayed, offtakes were affected."
Over the outlook, Emami said it is "positive and we expect to close 2018-19 in double digits."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app