Homegrown FMCG major Emami Ltd on Thursday reported a 10.13 per cent rise in its profit after tax (PAT) to Rs 150.6 crore for the first quarter of the current financial year 2024-25. Its revenue from operations during April-June 2024 rose 9.73 per cent to Rs 906.07 crore. It was Rs 825.66 crore in the corresponding quarter a year ago.
Emami’s profit after tax had stood at Rs 136.75 crore in the corresponding quarter last year, according to a regulatory filing.
The company’s total expenses rose 8.4 per cent to Rs 689.56 crore during the June 2024 quarter.
Its total income, which includes other revenue, rose 9.9 per cent during the period under review to Rs 916.53 crore.
“Domestic Business also grew by 10 per cent with a healthy volume growth of 8.7 per cent,” Emami said in its earning statement.
Modern trade, e-commerce and institutional channels continued to post strong growth, while general trade also rebounded to positive territory, it added.
“In Q1FY25, gross margins at 67.7 per cent expanded by 230 basis points. EBIDTA at Rs 216 crore grew strongly by 14 per cent, despite strong investments behind brands which led to a 21 per cent surge in A&P spends,” it added.
Shares of Emami Ltd were trading at Rs 823.45 apiece on the BSE, up 0.72 per cent from the previous close.
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