Emami Q3 net up 21.91% to Rs 183.7 crore

NEW DELHI: FMCG firm Emami Ltd today reported a 21.91 per cent increase in consolidated net profit at Rs 183.7 crore for the third quarter ended December 31, 2014.

The company had posted a profit of Rs 150.68 crore in the same period last fiscal, Emami said in a filing to the BSE.

Its net sales rose by 18.40 per cent to Rs 692.26 crore during the quarter under review from Rs 584.67 crore in the corresponding period a year ago.

Commenting on the performance, Emami Director Mohan Goenka said: "Both our domestic and international businesses have done extremely well during this quarter, bettering industry average. This is despite a challenging environment that has been threatened by delayed winter and economic slowdown."

During the third quarter, Emami's domestic business topline grew by 18.2 per cent while its international business grew by 20.6 per cent.

International business growth was led by GCC and CIS countries, the company said.

Shares of Emami closed at Rs 928.45 apiece, down 0.58 per cent from its previous close on the BSE.