Emami Limited Reports Unaudited Standalone and Consolidated Earnings Results for Third Quarter and Nine Months Ended December 31, 2016
January 30, 2017 at 04:09 pm
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Emami Limited reported unaudited standalone and consolidated earnings results for third quarter and nine months ended December 31, 2016. For the quarter on standalone basis the company reported total income from operations of INR 6,823.3 million, profit from operations before other income and finance costs and exceptional items of INR 1,787.6 million, profit from ordinary activities before tax of INR 1,741.8 million, net profit of INR 1,400.7 million or 6.17 basic and diluted per share compared to the total income from operations of INR 6,745.6 million, profit from operations before other income and finance costs and exceptional items of INR 1,720.0 million, profit from ordinary activities before tax of INR 1,615.6 million, net profit of INR 1,311.5 million or 5.78 basic and diluted per share for the same quarter a year ago.
For nine months, on standalone basis, the company reported total income from operations of INR 18,130.7 million, profit from operations before other income and finance costs and exceptional items of INR 3,457.1 million, profit from ordinary activities before tax of INR 3,421.9 million, net profit of INR 2,777.2 million or 12.24 basic and diluted per share compared to the total income from operations of INR 16,500.2 million, profit from operations before other income and finance costs and exceptional items of INR 3,175.3 million, profit from ordinary activities before tax of INR 3,082.0 million, net profit of INR 2,621.1 million or 11.55 basic and diluted per share for the same period a year ago. In nine months fiscal year 2017, gross margin is at 66.5% improved by 170 basis points year-on-year.
For the quarter, on consolidated basis, the company reported total income from operations of INR 7,259.5 million, profit from operations before other income and finance costs and exceptional items of INR 1,768.8 million, profit from ordinary activities before tax of INR 1,723.3 million, net profit of INR 1,342.4 million or 5.92 basic and diluted per share compared to the total income from operations of INR 7,248.5 million, profit from operations before other income and finance costs and exceptional items of INR 1,778.0 million, profit from ordinary activities before tax of INR 1,659.1 million, net profit of INR 1,339.4 million or 5.92 basic and diluted per share for the same quarter a year ago. EBIDTA grew by 4%. EBITDA was INR 2,585.4 million against INR 2,494 million a year ago.
For nine months, on consolidated basis the company reported total income from operations of INR 19,548.9 million, profit from operations before other income and finance costs and exceptional items of INR 3,488.0 million, profit from ordinary activities before tax of INR 3,294.9 million, net profit of INR 2,567.1 million or 11.33 basic and diluted per share compared to the total income from operations of INR 17,932.3 million, profit from operations before other income and finance costs and exceptional items of INR 3,350.5 million, profit from ordinary activities before tax of INR 3,304.7 million, net profit of INR 2,804.5 million or 12.40 basic and diluted per share for the same period a year ago. EBIDTA grew by 16%. EBITDA was INR 5,810.2 million against INR 5,003.3 million a year ago.
Emami Limited is an India-based fast moving consumer goods (FMCG) company, which is engaged in manufacturing and marketing of personal care and healthcare products. The Company's brands comprise Navratna, Zandu, BoroPlus, Kesh King, Fair and Handsome, Mentho Plus, 7 Oils in One and Dermicool, among others. It has over 450 diverse products. Its Navratna brand provides soothing relief and relaxation. The range includes cooling oils and talc. Its Kesh King branded products include Kesh King Ayurvedic Oil, organics range - shampoos, Kesh King Ayurvedic Shampoo, Kesh King capsule and Kesh King conditioner. Its products are available in over 4.9 million retail outlets across India through its network of 4000 distributors and its global footprint spans over 70 countries including South Asian Association for Regional Cooperation (SAARC), Middle East and North Africa and South Asia (MENAP), Southeast Asian (SEA), Africa, Eastern Europe and the Commonwealth of Independent States (CIS) countries.