Emami Q4 net profit drops 60% but brokerages maintain 'buy' tag
Revenue from operations during the quarter was up 9 percent to Rs 836 crore, from Rs 768 crore registered in Q4 of FY22.
Source: moneycontrol.com
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Emami Q4 PAT up four-fold YoY to Rs 88 cr, drops 58% sequentially
FMCG company, Emami, recorded a 285 per cent increase in consolidated profit after tax to Rs 87.73 crore in the quarter ended March 31. The company had posted a profit after tax of Rs 22.75 crore in the year ago period. Quarter-on-quarter, however, Emami’s profit after tax was down by 58 per cent from Rs 208.96 crore in the December quarter. The company said that during the quarter, input cost pressure increased due to inflation in key commodities, which led to a gross margin decline of 250 bps. Revenues from operations stood at Rs 730.76 crore in the March quarter, up 37 per cent from ...
Source: business-standard.com