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The company said the gross margins expanded by 350 basis points and EBIDTA grew 20 per cent. Domestic business grew 4 per cent and international 16 per cent on a constant currency basis
The company has invested in a 26 percent equity stake of Axiom Ayurveda Pvt Ltd on September 29.
Emami's revenue from operations rose 6.28% to ₹864.87 crore during the quarter as compared to ₹813.75 crore in the corresponding quarter
Emami Q2 Revenue: In the September quarter, Emami had an expansion in gross margins by 350 basis points, reaching 70.1 per cent, helped by lower raw material costs and judicious price hikes, according to a company's earnings statement.
Mamaearth parent Honasa Consumer IPO garners ₹765.20 crore from anchor investors. Seven mutual funds invest ₹253 crore in Mamaearth IPO, receiving 33.1% of anchor allocation. Mamaearth IPO opens for subscription today and closes on November 2.