Emami net profit up 49.69% in Q2

Kolkata Oct 25 (IANS) Fast moving consumer goods company Emami Ltd on Wednesday reported a 49.69 per cent rise in its consolidated net profit to Rs 98.60 crore for the quarter ended September 30 2017 as compared to Rs 65.87 crore in the year ago period.

During the period under review its revenue from operations after incorporating changes in accounting treatment of indirect tax was at Rs 712.48 crore as compared to Rs 625.34 crore in the year-ago period.

"After a challenging Q1 faced with GST apprehensions resulting in substantial wholesale destocking in the second quarter we have recovered significantly. Both topline and bottomline have registered handsome growth at around 14 per cent and 49 per cent respectively " said company s Director Mohan Goenka.

Post GST the wholesale channels are yet to recover completely from the impact which the firm expects to improve in the second half of the year he said adding that international business is also back on track riding on the base effect of last year s performance.

"The SAARC regions and Africa did particularly well " he added.

--IANS
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