Emami's Q2 profit falls 16% to Rs 826 mn; revenue flat at Rs 6.28 bn

Erratic monsoon and a slight delay in the arrival of winter affected sales volume, which in turn, affected revenue and the company's profitability

Emami Ltd posted a 16.22 per cent decline in its net profit at Rs 826.7 million for the quarter ended September 30, 2018, even as it posted a flat revenue at Rs 6.28 billion.

The same during the second quarter(Q2) of the last fiscal year stood at Rs 986.8 million and Rs 6.28 billion, respectively.

According to the company, the performance in Q2FY19 has been impacted due to destocking and restocking on account of GST implementation. Also, erratic monsoon and a slight delay in the arrival of winter has also affected sales volume, which in turn, affected revenue and the company’s