Q1FY19 Result: Emami posts good volume growth
Emami reported strong volume growth Q1FY19 over the previous year, with market share gains in many segments.
The revenue for the quarter rose by 14 per cent yoy to Rs. 614 crore in Q1FY19 vs Rs. 539 crore in the previous year's corresponding quarter. On a sequential basis, the revenue growth was flat.
The EBITDA for the quarter rose substantially to Rs. 121 crore in Q1FY19 vs Rs. 78 crore in tehj previous year's corresponding quarter. Further, EBITDA margins for the quarter expanded by 520 bps to 19.7 per cent in Q1FY19 vs Rs.14.5 per cent in Q1FY18.
The net profit stood at Rs. 27 crore in Q1FY19 vs Rs.1 crore in the same quarter the previous year. This was also aided by decline in financial costs of the company to Rs. 4.5 crore in Q1FY19 vs Rs. 7.9 crore in the corresponding quarter in the previous year.
The stock was trading at Rs. 568 mark down by 3.6 per cent at 12:25 on Wednesday