Emami Q1 net profit rises 30% to Rs 61 cr
The personal care product maker's revenue in the April-June quarter rose 13 percent to Rs 384 crorea and its raw material costs were 7 percent lower at Rs 96 crore.
August 07, 2013 / 17:47 IST
Moneycontrol Bureau
Kolkata-based Emami on Wednesday said its consolidated net profit in the first quarter rose 30 percent year-on-year to Rs 61 crore, helped by a growth in sales and lower raw material costs.The personal care product maker's revenue in the April-June quarter was up 13 percent from a year ago to Rs 384 crore.Emami's raw material costs in the quarter were down 7 percent to Rs 96 crore. The company also benefited from a foreign exchange gain of about Rs 3 crore, compared with a loss of Rs 2 crore, a year ago.Emami shares were down close to 2 percent at Rs 454.15 on NSE in noon trade. The stock is down 23 percent so far this financial year. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
