Emami reports 30% jump in net profit for Q4; board recommends bonus issue, dividend

KOLKATA: FMCG firm Emami Ltd on Monday reported 29.8% jump in its net profit at Rs 93.97 crore for the fourth quarter ending March 31, 2013, on back of 13.1% jump in revenue at Rs 450.95 crore.

For the 2012-13 fiscal, Emami's net profit went up by 21.6% at Rs 314.68 crore, while the company's net sales was Rs 1699.10 crore which was a growth of 16.9% over the corresponding year.

Emami is also setting up a new plant near Guwahati which was approved by the company's board on Monday.

Even though the company announced the results after trading hours, the Emami scrip went up by 0.79% on the Bombay Stock Exchange to close at Rs 664.75.

There is bonanza for investors. Emami's board of directors recommended dividend of Rs 8 per equity share for the fiscal, subject to approval of the shareholders in the annual general meeting. The board has also recommended issue of bonus shares in the ratio of 2:1, which means issue of one share for every two equity shares held by shareholders of the company.