Emami Q2 net up 49.69 per cent at Rs 98.60 crore

Home grown FMCG firm Emami today reported a 49.69 per cent rise in consolidated net profit at Rs 98.60 crore for the second quarter ended September 30.

The company had posted a net profit of Rs 65.87 crore in the same period last year.

Revenue from operations during the quarter under review stood at Rs 628.12 crore as against Rs 583.51 crore in the year-ago quarter, it said in a statement here.

The company's international business grew at 22 per cent, despite a challenging business environment led by SAARC, CIS and Africa.

"After a challenging Q1 faced with GST apprehensions resulting in substantial wholesale destocking, in the second quarter, we have recovered significantly," Emami Director Mohan Goenka said.

"Post GST, the wholesale channels are yet to recover completely from the impact, which we expect to improve in the second half of the year. International business is also back on track riding on the base effect of last year's performance.

The SAARC regions and Africa did particularly well," he added.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)