Emami's net sales increased by 7.15% at Rs 810.90 crore
Emami said a delayed winter in some parts of the country resulted in a subdued performance by winter brands
While Q2 revenue growth was flat and net profit declined 16%, management has indicated margin pressure in near term
It could be difficult for Emami to protect market share of the highly profitable Kesh Kish amid competition from the likes of Hindustan Unilever's Indulekha
The stock hit Rs 402 on the BSE in intra-day trade, also its lowest level since January 1, 2015, tanked 19% in past four trading days.
Moreover, Emami will also add the applicator to Kesh King which Indulekha - from the HUL stable - has already introduced
Positives in the quarter were the strong growth in pain management, up 39 per cent, and in health care, up 28 per cent
With handsome annual growth of 14 per cent last year, the company is poised to expand its portfolio in key markets by launching new products, says Emami chairman
The company is planning to enter Iran by the end of this year, and from the first quarter of the coming fiscal year it expects to start selling products
Loli Beauty INC deals in natural and organic personal care product
No doubt, Emami is expanding its other businesses such as retail and modern trade, but it may not move the needle much immediately
The board of directors of the company will meet on May 3, to recommend a dividend for the financial year 2017-18 and / or to recommend issue of bonus shares to the equity shareholders.
Emami was hit more than many peers in the segment after GST implementation
GST threw a spanner in the company's works as its sales volume fell and profitability dipped by 98%
The stock was trading flat at Rs 1,073, bouncing back 5% from intra-day low of Rs 1,020 on the NSE
The Kolkata-based FMCG firm is likely to post a stressed balance sheet for the first quarter of FY18
Even as Emami Ltd's international business continues to reel under stress as 27 per cent of its global presence is affected by a downswing in the Middle-East, the company is aggressively eyeing to proliferate its presence in the Sub-Saharan African region.Already exporting products to African countries like Nigeria, Kenya, Ethiopia and several others which contribute eight per cent to its global sales now, Emami Ltd is planning to acquire manufacturing and distribution companies in the region which it hopes will save it from currency volatility. Most importantly, it is eyeing to acquire strong brands in the region which will help push its existing brands into the region.According to the company's director, Prashant Goenka, who looks after the international business, in the last fiscal year, the African business was affected by currency volatility which had stressed business in the region and thus, Emami Ltd has narrowed down on the plan to convert the African region from an export ...
But company grows market share across key brands, limits squeeze on operating profit margin
Reducing dependence on wholesale will offering greater visibility to new brands
After buyouts of Kesh King & Rasoi, it is looking to buy assets in the space