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Emami

Emami Q2 results: Net profit up 19% to Rs 213 crore on improved margins

FMCG major Emami Ltd on Thursday reported a 19 per cent year-on-year increase in its net profit for the second quarter ended September 2024 reaching Rs 213 crore, driven by improved margins and steady growth in both domestic and international markets. Revenue from operations during the quarter rose by 3 per cent to Rs 891 crore, with the domestic segment advancing by 2.6 per cent and international business growing 6 per cent, excluding a 12 per cent rise outside of Bangladesh, the company said in a statement. Gross margins for the quarter improved by 60 basis points to 70.7 per cent, reflecting strategic cost management. Earnings before interest, depreciation, tax, and amortisation (EBITDA) reached Rs 250 crore, up 7 per cent year-on-year, while EBITDA margins rose by 110 basis points to 28.1 per cent. The company during the quarter raised its stake in Helios Lifestyle, the maker of The Man Company brand, from 50.4 per cent to 98.3 per cent, reinforcing its focus on expanding its ..

Emami Q2 results: Net profit up 19% to Rs 213 crore on improved margins
Updated On : 08 Nov 2024 | 11:54 PM IST

Emami scouting inorganic opportunities in healthy foods, pet care sectors

In August this year, Emami acquired 100 per cent ownership of men's grooming brand The Man Company

Emami scouting inorganic opportunities in healthy foods, pet care sectors
Updated On : 07 Oct 2024 | 7:34 PM IST

Emami expects Q-commerce channel to grow five-fold in 2 years: VC & MD

Home-grown FMCG major Emami expects four to five-fold growth in sales through quick commerce channels in the next two years, the company's Vice Chairman & MD Harsha V Agarwal said on Monday. Besides, it is also looking for more acquisition opportunities in D2C (direct-to- consumer) segments in sectors like nutrition, pet care or health food. The Kolkata-headquartered company is quite encouraged by a good monsoon this season and is "optimistic" for good festive season sales, even from the rural markets, which were lagging. Emami has recently acquired the remaining 49.6 per cent stake in Helios Lifestyle, which owns men's grooming brand 'The Man Company'. Besides, it had acquired a 26 per cent stake in Axiom Ayurveda, marking its entry into the packed juice business and increased its stake in pet care product maker Cannis Lupus. "...we have been very aggressive in the acquisition and even going forward, we are looking for acquisitions, be it full acquisitions or partnering with D2C

Emami expects Q-commerce channel to grow five-fold in 2 years: VC & MD
Updated On : 07 Oct 2024 | 6:27 PM IST

Emami builds on acquisitions, eyes further growth with startup ventures

In the driver's seat are the next generation promoters from the Agarwal and Goenka families. And they are busy mapping the next phase of growth

Emami builds on acquisitions, eyes further growth with startup ventures
Updated On : 30 Sep 2024 | 10:31 PM IST

Looking to invest in 8 to 10 strong brands: Emami V-C, MD Harsha V Agarwal

Agarwal talks about the plans to make The Man Company a Rs 1,000 crore brand, and the focus going ahead

Looking to invest in 8 to 10 strong brands: Emami V-C, MD Harsha V Agarwal
Updated On : 02 Sep 2024 | 9:07 PM IST

FMCG major Emami to acquire remaining 49.6% stake in 'The Man Company'

Home-grown FMCG major Emami on Saturday announced the acquisition of the remaining 49.6 per cent stake in Helios Lifestyle, which owns male grooming brand The Man Company'. Helios Lifestyle is already a subsidiary of Emami with 50.4 per cent shareholding, according to a statement from Emami. "The completion of the acquisition of Helios by Emami will strengthen its presence in the fast-growing digital-first premium male grooming segment," it said. Emami had previously acquired 33.09 per cent equity stake in Helios in two tranches -- one in December 2017 and the other in February 2019. Later, it increased the stake to 50.4 per cent in 2022. The Man Company, a digital-first lifestyle brand, offers premium men's grooming products in categories including fragrances, skin care, hair care, body care and beard management. "The segment offers huge potential for innovation & growth. Emami is already an active player in the male grooming segment through its brand Fair and Handsome," the ...

FMCG major Emami to acquire remaining 49.6% stake in 'The Man Company'
Updated On : 31 Aug 2024 | 12:05 PM IST

Operations in Bangladesh stabilised, people rejoining factory: Emami CFO

Homegrown FMCG major Emami has said its operations in Bangladesh have stabilised as people have rejoined the factory and production has resumed. Replying to queries at the AGM, Emami CFO Naresh Bhansali said the business was impacted in Bangladesh due to political turmoil, and the company expects operations to normalise over a period of time. "Last month was very turbulent. But it (operation) has stabilised now. People have joined back work, factory has resumed operations. The market has also opened," Bhansali said while replying to a query from the shareholder. The company does not see a big impact on its overall business from the Bangladesh operations. "Bangladesh will also come back on the same growth trajectory path over a period of time. The new Government, which we expect to get established in some time, will hopefully give political stability and we expect the business to resume soon. We do not expect any market share or any loss there," the CFO said. Emami has one ...

Operations in Bangladesh stabilised, people rejoining factory: Emami CFO
Updated On : 28 Aug 2024 | 9:17 PM IST

Committed to double-digit growth in FY25, exploring opportunities: Emami

Home-grown FMCG major Emami is looking for double-digit growth in the current fiscal year and will keep exploring inorganic and strategic opportunities to enter into new product categories, its Chairman R S Goenka said. Emami's focus will be to grow revenues with robust margins, generating adequate cash flows to reinvest in the business and strengthening sustainability, he said while addressing the AGM of the company. The company remains "optimistic about future growth" supported by a favourable economic landscape, forecast of a normal monsoon, anticipated rural market recovery, government initiatives, and promising macroeconomic factors, contributing to a "confident outlook", Goenka added. "We are committed to achieve double-digit growth in the new financial year," he said. Besides, Emami which has made some acquisitions in the past -- AloFrut, Creme21 and Zandu, will continue to explore such growth opportunities allowing it to enter into a new segment and expand its play area. "

Committed to double-digit growth in FY25, exploring opportunities: Emami
Updated On : 28 Aug 2024 | 1:38 PM IST

Factory ops resume in Bangladesh, Emami pins hope on political stability

Emami is targeting double-digit growth in its international business in FY25. In FY24, international business grew by 12 per cent in constant currency and 9 per cent in INR terms

Factory ops resume in Bangladesh, Emami pins hope on political stability
Updated On : 27 Aug 2024 | 8:48 PM IST

Emami's 45% top-line comes from acquired brands, non-rural revenue increase

Home-grown FMCG firm Emami's 45 per cent top-line in FY24 came from acquired brands, and non-seasonal brands contributed 56 per cent of its revenue, according to the latest annual report of the company. Now Emami is graduating from being a seasonal and rural-focused company to a "perennial and universal" organisation and has been positioning itself by taking a consumer-centric approach, said Vice Chairman and Managing Director Harsha V Agarwal. "This is evident in the fact that pain management, Fair and Handsome, Kesh King, and strategic investments generate non-seasonal revenues; the proportion of revenues derived from non-seasonal brands is a high 56 per cent today from 51 per cent in FY2019-20," said Agarwal, addressing shareholders. Besides, the proportion of revenues coming out of non-rural geographies has increased. "The company's effective positioning is consumer-centric (as opposed to product-centric), addressing challenges faced by consumers," he said. The emerging Emami

Emami's 45% top-line comes from acquired brands, non-rural revenue increase
Updated On : 04 Aug 2024 | 3:52 PM IST

Emami Q1 results: PAT rises 10.13% to Rs 150.6 cr on domestic market growth

Homegrown FMCG major Emami Ltd on Thursday reported a 10.13 per cent rise in its profit after tax to Rs 150.6 crore for the June 2024 quarter, led by volume growth in the domestic market and expansion in margins. The company had posted a PAT of Rs 136.75 crore in the April-June quarter a year ago, according to a regulatory filing. Emami's revenue from operations was up 9.73 per cent to Rs 906.07 crore during the quarter under review. It was Rs 825.66 crore in the corresponding quarter a year ago. The company's total expenses were Rs 689.56 crore, up 8.4 per cent in the June quarter of FY24. Its total income, which includes other revenue, rose 9.9 per cent during the period under review to Rs 916.53 crore. "Domestic Business also grew by 10 per cent with a healthy volume growth of 8.7 per cent," Emami said in its earning statement. Modern trade, e-commerce and institutional channels continued to post strong growth, while general trade also rebounded to positive territory, it added

Emami Q1 results: PAT rises 10.13% to Rs 150.6 cr on domestic market growth
Updated On : 01 Aug 2024 | 11:36 PM IST

Nuvama says 'Buy' Emami stock for 20% upside; eyes strong growth in FY25

Analysts reckon Emami shall deliver a strong FY25, with near double-digit top-line growth and margin expansion

Nuvama says 'Buy' Emami stock for 20% upside; eyes strong growth in FY25
Updated On : 16 Jul 2024 | 8:29 AM IST

Emami Realty Q4 results: Consolidated net loss at Rs 70.38 cr on expenses

Emami Realty on Thursday reported a consolidated net loss of Rs 70.38 crore in the quarter ended March on higher expenses. Its net loss stood at Rs 15.30 crore in the year-ago period. Total income fell to Rs 29.97 crore in the fourth quarter of the last fiscal from Rs 45.61 crore in the corresponding period of the previous year, according to a regulatory filing. During 2023-24 fiscal, the company's net loss stood at Rs 122.93 crore as against a loss of Rs 38.63 crore in the preceding year. Total income also declined to Rs 99.32 crore in the last fiscal from Rs 131.29 crore in the 2022-23 fiscal. Emami Realty is part of business conglomerate Emami Group.

Emami Realty Q4 results: Consolidated net loss at Rs 70.38 cr on expenses
Updated On : 30 May 2024 | 6:21 PM IST

Emami Q4 results: Net profit rises 3.6% to 146.75 cr, revenue up 6.6%

Homegrown FMCG major Emami Ltd on Wednesday reported an increase of 3.62 per cent in its Profit After Tax (PAT) to Rs 146.75 crore for the fourth quarter that ended on March 31, 2024. The company's PAT for the same quarter of the previous fiscal stood at Rs 141.62 crore, according to a company regulatory filing. Emami's revenue from operations for the quarter under review was Rs 891.24 crore, up 6.61 per cent from Rs 835.95 crore in the same quarter last year. "The Company achieved volume-led profit growth in the fourth quarter, said an earning statement from Emami. Its EBIDTA stood at Rs 211 crore grew by 6 per cent, the FMCG firm said. Emami's total expenses were Rs 680.26 crore, up 7 per cent in the March quarter of FY24. Its domestic business grew 8 per cent registering a volume growth of 6.4 per cent, it said. "Major brands like BoroPlus, Pain Management range, Healthcare range, 7 Oils in One, The Man Company and Brillare performed strongly during the quarter, said ...

Emami Q4 results: Net profit rises 3.6% to 146.75 cr, revenue up 6.6%
Updated On : 29 May 2024 | 6:52 PM IST

Legal fairness prevails: Calcutta HC restrains HUL's 'Glow & Handsome' mark

Emami and HUL have been embroiled in a legal battle over the use of the 'Glow & Handsome' mark for four years

Legal fairness prevails: Calcutta HC restrains HUL's 'Glow & Handsome' mark
Updated On : 10 Apr 2024 | 10:03 PM IST

Emami Q3 results: Net profit rises 8.9% to Rs 258.41 cr, revenue up 1.38%

Emami said the third quarter witnessed subdued demand trends, particularly in rural markets

Emami Q3 results: Net profit rises 8.9% to Rs 258.41 cr, revenue up 1.38%
Updated On : 09 Feb 2024 | 6:56 PM IST

Emami Q3 results: PAT up 12% at Rs 261 cr due to reduced input costs

FMCG major Emami Ltd on Friday reported 11.88 per cent rise in consolidated profit after tax at Rs 260.65 crore for December quarter 2023-24, helped by improvement of margins due to reduced input costs. The company had logged a net profit of Rs 232.97 crore in October-December FY23, according to a regulatory filing from Emami. Revenue from operations was up 1.38 per cent to Rs 996.32 crore during the quarter under review as against Rs 982.72 crore in the corresponding quarter. Revenue was flat in the domestic business. However, non-winter products grew 5 per cent. The international business delivered a constant currency growth of 11 per cent, said the Kolkata-headquartered firm in its earning statement. On margins, Emami said due to reduced input costs, the company experienced a noteworthy enhancement in gross margins, reaching 68.8 per cent, reflecting a substantial expansion of 290 basis points during the quarter. In December quarter, EBITDA was Rs 315 crore, higher by 7 per cen

Emami Q3 results: PAT up 12% at Rs 261 cr due to reduced input costs
Updated On : 09 Feb 2024 | 2:57 PM IST

Half a century on, Emami group to identify new sectors for growth

In the last 50 years, it has traversed the journey from a start-up cosmetics company with four products to more than 500 across a Rs 30,000 crore group with diverse business interests

Half a century on, Emami group to identify new sectors for growth
Updated On : 13 Dec 2023 | 11:04 PM IST

Emami Q2FY24 result: Net profit falls 3% to Rs 178.5 crore, revenue up 6%

In September, Emami announced the acquisition of a 26% stake in Axiom Ayurveda, which markets beverage products under the brand 'AloFrut'

Emami Q2FY24 result: Net profit falls 3% to Rs 178.5 crore, revenue up 6%
Updated On : 06 Nov 2023 | 5:00 PM IST

Tailwinds point to better prospects for Emami; FY24 may see recovery in biz

The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion

Tailwinds point to better prospects for Emami; FY24 may see recovery in biz
Updated On : 02 Oct 2023 | 11:08 PM IST