Moneycontrol Bureau
Emami’s April-June quarter earnings have beaten street estimates on all counts. Its Q1 consolidated net profit rose 23 percent to Rs 87 crore from Rs 70.8 crore in corresponding quarter last fiscal.
Total income stood at Rs 590 crore, up 22.4 percent from Rs 481.7 crore in year-ago period.
According to a CNBC-TV18 poll, Emami was expected to report net profit at Rs 82 crore in April-June quarter and revenue was seen rising 16.6 percent to Rs 562 crore.
EBITDA, during the quarter, was up 31.6 percent at Rs 100 crore versus Rs 76 crore and EBITDA margins was at 16.9 percent against 15.8 percent year-on-year.
Gross margins expand 440 basis points at 65.8 percent on the back of benign input costs. Higher advertising spends partially countered margins. Ad spends shoot up 38 percent at Rs 142 crore in Q1. Total expenses were up 20.7 percent at Rs 490 crore against Rs 406 crore (year-on-year).
At 14:05 hrs Emami was quoting at Rs 1,340.00, up Rs 12.40, or 0.93 percent on the BSE.
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