Emami eyeing acquisitions that make biz sense; see good demand for winter products.

Despite a good performance in the second quarter, Emami stock slipped in morning trade on Thursday but it has already rallied a lot.

The FMCG Company’s second quarter (July-September) profit beat analyst expectations, rising sharply by 49.3 percent year-on-year to Rs 98.7 crore.
Revenue during the quarter grew by 9.7 percent to Rs 628.1 crore compared with Rs 573 crore in same quarter last fiscal.

To talk about the performance and outlook going forward, CNBC-TV18 spoke to NH Bhansali, CEO-Finance, Strategy & Business Development & CFO, Emami Group.

Emami posted a volume growth of 10 percent in Q2. The net profit for them boosted on back of lower finance cost, depreciation and effective tax rate.

The growth has come from all the products and all the channels, said Bhansali. Moreover, with winter setting in, the winter products are seeing good demand. So expect reasonable growth going forward.

Talking about disruptions due to GST, he said the wholesale and Army Canteen channel which were impacted are seeing some recovery now and are slowly stabilizing. However, the general sales, retail sales are good.

When asked if the company was looking at any acquisitions on back of lower finance costs, he said they would look at opportunities that make business sense both domestic and overseas.