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Emami reports growth of 20.4% during Q2

India Blooms News Service | | 29 Oct 2014, 11:31 pm
Kolkata, Oct 29 (IBNS): The Board of Directors of Emami Limited met on Wednesday to consider unaudited financial results of the company for the second quarter & half year ended September 30, 2014.
While turnover at Rs. 490 crores in the second quarter grew by 20.4%, EBIDTA at Rs. 113 crores grew by 29.6% and PAT at Rs 93 crores grew by 16.0% respectively over the corresponding quarter in previous year.
For the first half of the year, turnover at Rs. 971 crores grew by 22.9%, EBIDTA at Rs. 188 crores grew by 28.4% and PAT at Rs 164 crores grew by 16.3% respectively over the corresponding half year in previous year.
Domestic business in the second quarter grew at a robust pace with a strong topline growth of 18.4%. 
A good summer coupled with robust performance of the Power Brands and new launches attributed to this topline growth. 
New launches such as ‘HE’ Deodorant, Fair and Handsome Instant Fairness Facewash, Emami 7 Oils in One Damage Control Hair Oil and Zandu Balm Ultra Power continued to be active contributors to the growth during this quarter, the company said in a statement.
The company continued to spend considerably on both advertisement and brand building during the quarter to market its products aggressively. Despite the high increase in spends, the company’s EBIDTA during the quarter rose by 29.6%, bettering industry average. 
Mohan Goenka, Director, Emami Limited said: “The Company has performed remarkably well during the quarter in both domestic and international market.  Strong performances by our power brands in key categories ensured a healthy topline growth of 20.4% despite the market facing low growth across categories.  Our international business continues to grow from strength to strength.   Adoption of correctional measures, some definite consolidation in our international business and robust performance by all our power brands led to this robust growth.  In domestic market, both modern and general trade have continued to respond to positive consumer sentiments.”
Harsha V Agarwal, Director, Emami Limited said, “ Our new launches, including HE Deo, have been received extremely well by our consumers which is positively encouraging.   The products have started making significant contribution in generating revenues.   We have very recently rolled out SHE Comfort brand of Sanitary Napkin on an all India basis and are encouraged by the initial market response.  Sanitary Napkin is a low penetrated category and we see a huge potential for growth of  our brand. Our Health Care Division has also achieved good growth.  We plan to launch many new products in near future from the Zandu stable and will continue to invest in growing our existing portfolio.”
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