Agencies, New Delhi
Emami Limited, operating in the field of personal and healthcare business since decades, announced its financial results of the company for the third quarter and nine months ended December 31st , 2017.
The company closed the quarter with a turnover of Rs. 757 cr with a like to like growth of 10 per cent. Major brands like BoroPlus, Navratna, Pain Management Range Male Grooming range and 7 Oils in One continued to perform well, growing in double digits. While the domestic business grew by 10per cent, International business also grew by 16 per cent.
While the wholesale channel is yet to return to normalcy post GST, rural and retail segments are shining and promise a good growth trajectory going forward. Despite the continuing challenges, the company performed satisfactorily during the quarter.
During the quarter the company continued its focus on innovation by launching sugar free variants of Zandu Kesari Jivan, Zandu Chyavanprash and Zandu Pancharishtha.
On the financial front, EBIDTA at ?265 cr grew by 2per cent despite sustained investments in New Launches. PAT at ?147 cr grew by 10per cent. Gross margins stood at 69.2per cent, EBIDTA margins at 35.0per cent and PAT margins at 19.5per cent in Q3FY18.
Although global business environment remained volatile and challenging,International Business delivered a growth of 16per cent in Q3FY18 led by CIS and MENAP regions.
Emami Limited Director Mohan Goenka said, “After a strong Q2, we are happy to inform you that the performance of the Company has continued the growth path in the third quarter also.
The Company has registered a satisfactory volume growth as we end this quarter.Retail and rural business have bounced back and are growing in healthy double digits though the wholesale channel is still continuing to be under some pressure. International business has also performed well.”
Director Harsha V Agarwal said, “With the GST streamlining falling in place, market sentiments are improving, both in urban and rural markets. Our future growth path would be focused more on strong innovation, wider distribution and on future ready areas such as modern trade & online marketplace.”