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Hit by Covid-19 pandemic, Emami Q4 pre-tax profit dips 81.7% to Rs 15.38 cr

This is one of the steepest declines in the firm's near-50-year history; Revenue down 16.81% to Rs 532.68 cr

Emami
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The company said that the pandemic also led the consumer shift towards more essential items like food, groceries and hygiene products thereby affecting its summer portfolio which usually comprises around 45 per cent of its sales | Photo: Wikipedia

Avishek Rakshit Kolkata
Emami’s profit before tax (PBT) for the quarter ended March plummeted 81.70 per cent to Rs 15.38 crore because of a severe Covid-19 pandemic-led demand crunch in an already muted environment. It posted a 16.81 per cent decline in its revenue at Rs 532.68 crore during the quarter, against Rs 640.35 crore in the year-ago period.

This decline in PBT is one of the steepest the company has registered since its formation in 1974,. After an adjustment of Rs 15.29 crore of deferred tax, its net profit in the period under review stood at Rs 22.75 crore, registering a fall of

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First Published: Jun 26 2020 | 5:16 PM IST

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