Emami Q4 profit up 18% to Rs 111 cr

FMCG major Emami today posted an 18.26 per cent rise in its consolidated net profit at Rs 111.15 crore for the fourth quarter ended March 31, 2014 on the back of good performance in domestic and international markets.

The company had posted a net profit of Rs 93.98 crore in the same period of the previous fiscal.

Net sales, however declined to Rs 445.71 crore in the fourth quarter as against Rs 450.95 crore in the same period of previous fiscal, Emami Ltd said in a statement.

For the year ended march 31, 2014, the company posted a consolidated net profit of Rs 402.47 crore, up 27.87 per cent from Rs 314.74 crore in the 2012-13.

Net sales of the company for the financial year ended March 31, 2014 rose to Rs 1,820.77 crore as compared to Rs 1,699.10 crore in the previous fiscal.

"In this depressed market environment, characterised by sluggish economy, high inflation and erratic weather, Emami has strengthened market shares in key categories, conserved resources and delivered good profits with marginal sales decline," Emami Ltd Director Mohan Goenka said.

While demand for the company's products is good, leading to continuous increase in market shares in key categories, delayed summer has affected offtakes in the quarter, he added.

"International business has performed well with aggressive growth in GCC and SAARC countries," Goenka said.

The company's board, which met today, also recommended a dividend of 400 per cent.

Emami shares today closed at Rs 467 apiece on the BSE, down 0.91 per cent from its previous close.