The FMCG company Emami increased its consolidated profit after tax (PAT) by 5.05 per cent to Rs 219.52 crore in the three months that ended on December 31. In the same quarter last year, the company’s PAT totaled Rs. 208.96 crore.
The total sales increased by 4% to Rs 971.85 crore. According to the company, the third quarter saw high inflation that slowed consumer demand, and because of a rise in the price of critical raw materials, gross margins at 67.4 percent shrank by 300 basis points.
EBITDA remained unchanged from the previous year at Rs 342 crore. The company reported that its domestic business expanded by 3 per cent year over year over a base of 16 per cent growth in the prior year, translating into a two-year CAGR of 9 per cent. Modern trade increased by 14 per cent, and e-commerce kept up its strong performance, increasing by 75 per cent from the previous year.
New age channels’ importance climbed to 14 per cent of domestic revenues in Q3FY22.
The board of directors intends to repurchase the company’s fully paid-up equity shares for a maximum of Rs 162 crore. The buyback price per share cannot exceed Rs 550.
