Emami witnesses 6.6% growth in turnover

Emami Limited, in the third quarter of FY14, witnessed a growth of 6.6% in the turnover at Rs. 585 crores, while EBIDTA at Rs. 177 crores grew by 29.1% and PAT at Rs. 151 crores grew by 31.1% respectively over the corresponding quarter in the previous year. According to the press release of the company,   unfavourable season and moderation in the growth of FMCG sector has led to this low growth of 6.6% in the topline. However, the company continues to successfully strengthen its market share in most of the categories it is present. International Business has performed well in the quarter with 37% topline growth led by aggressive growth in GCC (Gulf Cooperation Council) and SAARC (South Asian Association for Regional Cooperation).
 
Mohan Goenka, Director Emami Limited added, "Despite depressed market conditions due to sluggish economy, high inflation and erratic weather, Emami has been able to sustain modest growth. While demand for our products is good leading to continuous increase in market shares in key categories, delayed and erratic winter has affected off-takes in the quarter. International business has performed well with aggressive growth in GCC and SAARC countries. Effective cost management and easing of input prices has helped improve margins and report higher profits..”
 
For the first nine months of the year, turnover at Rs. 1375 crores grew by 10.2%, EBIDTA at Rs. 323 crores grew by 30.7% and PAT at Rs. 291 crores grew by 32.0% respectively over the corresponding period in the previous year. Easing of Input prices coupled with strong cost optimization measures have resulted in margin expansion helping deliver 29.1% EBIDTA growth.