Emami reports muted quarterly numbers
Emami’s consolidated revenue for the second quarter of FY19 remained flat at Rs. 628.02 crore as compared to Rs. 627.9 crore in the same quarter of the last year.
EBITDA for the quarter fell by 5.9 per cent yoy to Rs. 189.39 crore with a corresponding margin contraction of 191 bps. EBITDA margin for the quarter stood at 30.2 per cent. This margin contraction was led by higher cost of material in proportion to revenue.
The PAT for the quarter came in at Rs. 82.44 crore, yoy decline of 16.4 per cent. During the quarter, the company’s finance cost come down to Rs. 4.38 crore from Rs. 10.38 crore in the same quarter of last year.
On Tuesday, the stock of Emami traded cautiously on the bourses ahead of its quarterly result. The stock of Emami which opened at Rs. 401 apiece closed for the day at Rs. 404, up by 0.80 per cent.