Emami Q4 net seen up 10%

Kolkata
4 May 2017

The Board of Directors of Emami Limited met on Thursday to consider the audited financial results of the company for the fourth quarter and FY17.
Despite disruption in trade channels post demonetization, domestic revenue stands at Rs 2,142 cr, registers a growth of 10 per cent in FY17 and 3 per cent in Q4FY17 with a revenue of Rs 487 cr.
Due to global economic slowdown and geopolitical issues in the overseas markets, the compny’s consolidated revenue of Rs 2,533 cr shows a 6 per cent growth and it’s EBIDTA stands at Rs 759 cr with a growth of  11 per cent in FY17.
Power brands like BoroPlus, Navratna, Kesh King and Balms performed well during the year. Further, new launches such as Fair & Handsome Face Wash, 7 Oils in One and HE Deodorants continued to grow at a rapid pace, performed exceptionally well to make a strong impact in a cluttered market. Emami continued its focus on innovations with launch of “HE On the Go Face Wash”, a revolutionary product which lets one wash their face without the use of water in March 2017.
Navratna Cool Oil, Fair & Handsome Cream and Kesh King further increased their market share to 61.1 per cent, 60.3 per cent and 34.0 per cent respectively. Boroplus and Balms (Zandu and Mentho Plus) continued to maintain leadership with a market share of 70.3 per cent and 59.4 per cent respectively.
“ The company has commenced manufacturing at its new manufacturing facility at Pacharia, Guwahati in Feb’17. The total planned outlay for the project is ₹ 300 cr”, said director of the the compant Mohan Goenka. (EOIC)