FMCG major Emami Limited posts double digit growth in Q4
By Nabamita Chatterjee | May 04, 2018
The company closed the quarter with a turnover of Rs 617 cr with a like to like growth of 12%. Domestic business grew by 10% and International Business delivered a growth of 37% in Q4FY18 led by SAARC and MENAP regions.
Emami Limited, one of India’s leading FMCG Companies engaged in manufacturing & marketing of personal care & healthcare products, recently audited financial results of the company for the fourth quarter and financial year 18-19 and posted a turnover of ₹ 617 cr with a like to like growth of 12%. Domestic business grew by 10% with major brands like Navratna, Pain Management Range, Male Grooming Range, Kesh King and 7 Oils in One performing well. Market share gains continued for key brands. Rural continued to outperform Urban markets promising a good growth trajectory going forward. Although global business environment remained volatile and challenging, International Business delivered a growth of 37% in Q4FY18 led by SAARC and MENAP regions.
Mohan Goenka, Director, Emami Limited said,“The year FY 17-18 has ended with a reasonably good Q4 registering a double digit growth of 12% on a Y-o-Y basis. Most of our brands have registered a good growth in this quarter. The consumption environment for the industry has overall been positive with rural business chartering the growth path. We have increased our direct reach to 8.5 lakh outlets, which will help us in reducing our dependency on wholesale channel. International business has also done well in this quarter by achieving a growth of 37%”
Harsha V Agarwal, Director, Emami Limited informed,“While Q4 witnessed a good growth led by Navratna, Pain Management and new launches, we expect the momentum to continue in FY19. With GST stabilisation, normal monsoon expectation coupled with higher government spending, FMCG is poised for a good growth. Some of our new launches like Emami Diamond Shine Crème Hair Colour and Fair and Handsome Laser 12 etc. have been received quite well in the market. Strategic investment in upcoming growth segments through start-ups will help the company to grow further in years to come.”