Emami Ltd

Emami ended the Q1FY17 quarter with a consolidated net profit of Rs.57 crore, down 34% (YoY) and this was led by sharp 74% drop in other income component, 184% jump in interest outgo and 3 times rise in tax outgo at Rs.12 crore.  The company blamed the fall in net profit on amortization of Kesh King intangibles by Rs.60 crore v/s Rs.12 crore (YoY).

Its consolidated net sales actually rose 20% at Rs.643 crore. Of this sales, 84% came from domestic markets, 12% from international and 4% from CSD. Total expenses rose 13%, led by 17% increase in raw material prices and 23% increase in advertising costs. EBITDA for the quarter was up 48% at Rs.147 crore and margins showed a good improvement from 18.43% to 22.83%.

Overall sales volumes have shown a rise of 17%. Navratna oil sales grew 8% and market shares stands at 62.3%. Navratna talcum powder sales rose 15% with market shares at 24.1%.Zandu balm remains the market leader with 54.5% market share and its sales rose 6%. It remains a market leader in Boro Plus too with a market share of 76.2%.