Emami Q3 net profit declines 7.15% to Rs 138.30 crore on rising costs

Emami's net sales increased by 7.15% at Rs 810.90 crore

Led by rising costs, especially associated with the stockpile of finished goods, stock-in-trade and work in progress, Emami Ltd posted a 6.02 per cent decline in its net profit for the quarter ended December 31, 2018 at Rs 138.30 crore even though its net sales increased by 7.15 per cent at Rs 810.90 crore.

In the similar quarter of the last fiscal year, Emami’s net profit stood at Rs 147.16 crore and net sales was registered at Rs 756.79 crore, respectively.

The company, in a statement, reasoned that an exceptional cost of Rs 9.8 crore pertaining to voluntary retirement scheme