NH Bhansali, chief executive officer of Emami Group says, there wouldn't be any material impact of weak monsoon or the industrial production slowdown on the FMCG business per se.
In an interview with CNBC-TV18, NH Bhansali, CEO of Emami Group spoke about the growth the company plans to achieve both in domestic and international front. He also talks about how escalating raw material prices are pinching margins. Despite poor IIP figures, he still sees robust growth in rural India.
Emami is now directly catering to the rural business by expanding its team in those areas. The company expects rural demand to support volume growth ahead, NH Bhansali, chief executive officer, Emami Group told CNBC-TV18.
Emami has been in the news as one such company where fire broke out in the AMRI Hospital where Emami holds a small stake. Some directors have been taken into judicial custody. However, NH Bhansali, CEO of Emami Group said that the personal care and healthcare product company is unlikely to be affected in anyway with the fallout of the fire.
NH Bhansali, chief executive officer of Emami expects good volume growth in quarter three and four. “We expect, on a yearly basis, an overall volume growth of over 10%. We expect to end up with 10-12% volume growth in this financial year.”
Krishna Mohan, chief executive officer, Emami Limited, in an interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, gave his views on how the company will perform going forward.
FMCG company Emami announced its first quarter results for FY12. Executive director Mohan Goenka told CNBC-TV18 that they have been planning to consolidate all their real estate companies into one company. The company expects a growth of about 25% in their manufacturing units.
FMCG major Emami Ltd's Harsh Agarwal said that they were open to smaller, mid-size and even large size acquisitions. "As of now we are in talks to buy the personal care business of Paras Healthcare as an opportunity to acquire if it is available in the market," he said.
Emami's net profit was up 9.6% at Rs 85.5 crore compared to Rs 78 crore it reported in the same quarter last year. In an interview with CNBC-TV18, Mohan Goenka, Director, Emami Group said gave his perspective on the quarter gone by and the road ahead.