Kolkata-based FMCG company, Emami, has reported a 12.3 per cent increase in profit after tax to Rs 47 crore in the first quarter of the financial year, led by the performance of its summer brands.
Domestic sales at Rs 299 crore grew by 22.2 per cent. “The quarter witnessed a good summer season and as a result of our summer brands performed exceptionally well leading to a growth of 22.2 per cent in our domestic business," the company statement read. Net sales at Rs 339 crore was higher by 14.1 per cent.
The company, however, indicated challenges in input costs and inflationary pressure. “We have sustained our sales momentum, at a time when input costs and inflationary pressures were high. Comtinued growth in urban demand and rapid expansion in rural areas have helped the company to maintain double-digit topline growth. Consumer sentiment has been good, and demand for our products continue to be robust," Emami director, Mohan Goenka, said in the company release.
The company has announced an 800 per cent dividend, which includes a 400 per cent special dividend, approved at the annual general meeting. The Emami stock today closed at Rs 499.15, down by 1.61 per cent on the Bombay Stock Exchange.