Emami net profit down by 6% in Q3

Kolkata: Fast-moving consumer goods (FMCG) company Emami Ltd on Thursday reported a six per cent decrease in its consolidated net profit to Rs 138.30 crore in the third quarter of the current fiscal, as compared to Rs 147.16 crore in the year-ago period.

Its revenue from operations, during the quarter ended December 31, 2018, stood at Rs 810.90 crore, up 7.14 per cent from Rs 756.79 crore in the corresponding period of last financial year. “During the quarter, gross margins at 67 per cent declined by 380 bps and EBIDTA (Earnings before interest, tax, depreciation and amortization) margins at 32.9 per cent declined by 210 bps due to a sharp increase in raw material costs. (IANS)

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