Emami's Q1 pre-tax profit drops 13.64% to Rs 49 cr due to lockdown curbs

Revenues from operations down 25.79 per cent to Rs 481.34 crore as offtakes of summer portfolio were impacted

Emami Ltd reported a 13.64 per cent drop in profit before tax to Rs 49.06 crore in the June quarter as business was impacted by lockdown to contain the Covid-19 pandemic.

Revenues from operations were down by 25.79 per cent to Rs 481.34 crore as offtakes of summer portfolio were impacted due to the lockdown and weak environment for discretionary products. The health and hygiene portfolio range, however, grew 29 per cent.

Gross margins during the quarter increased by 230 basis points at 66.5 percent and EBIDTA margins by 490 basis points at 25.5 per cent. Profit after tax, was up 1.1