Emami’s Q2 net profit grows by 17%

Emami’s Q2 net profit grows by 17%
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First Published: Fri, Nov 02 2007. 09 55 AM IST
Updated: Fri, Nov 02 2007. 09 55 AM IST
New Delhi:The Board of Directors of Emami Limited announced Q2 results indicating strong growth across all its power brands.
While turnover at Rs103.5 crore for Q2 increased by 16%, net profit was Rs10.5 crore, increasing 17% over the corresponding period in previous year.
EBIDTA at Rs11 crore, however, increased by 26.9%. For the half year ending 30 September, 2007, turnover increased 9% while net profit was Rs20.5 crore and EBIDTA Rs22 crore and has grown by 16% and 23% respectively.
Recording strong growth for its power brands like Navratna Oil, Boroplus Antiseptic Cream, Boroplus Prickly Heat Powder, Menthoplus Balm, Sonachandi Chyawanprash and other new products, the company’s EBIDTA margin for the quarter improved by 90 bps because of better cost management in procurement of materials and advertisement and promotional costs.
EPS at Rs1.70 grew by 17.3% with new launches accounting for 15% of turnover in the first half of the financial year.
International business grew by 13% with growth coming from all countries especially SAARC, CIS, Africa and Europe. While development of new products and new markets continues, thrust will be on increasing distribution and penetration in existing markets and to initiate development of the global brand.
Currently, Boroplus Antiseptic Cream is the largest selling antiseptic cream in India , Ukraine, Russia and Nepal.
With celebritie endorsements by Amitabh Bachchan, Shah Rukh Khan, Kareena Kapur, Sunny Deol, Dharmendra, Chiranjeevi, Rajpal Yadav they are aggressively marketing their products to retain brand visibility and position.
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First Published: Fri, Nov 02 2007. 09 55 AM IST