Emami Q1 results: Company reports 88% increase in Net Income

Emami Ltd reported its unaudited financial results yesterday after the market close for the quarter that ended on June 30 2023, or Q1FY24. Today, the stock witnessed a spike in share price after the results.  

On a standalone basis company has reported a 33.67% rise in its net profit at Rs 129.02 crore for the first quarter ended June 30, 2023, or Q1FY24 as compared to Rs 96.52 crore for the same quarter in the previous year. However, the total income of the company decreased by 3.55% to Rs 705.69 crore for Q1FY24 as compared to Rs 731.70 crore for the corresponding quarter previous year. 

On a consolidated basis, the company has reported an 88.13% rise in net profit at Rs 136.75 crore for the first quarter ended June 30, 2023, as compared to Rs 72.69 crore for the same quarter in the previous year. The total income of the company increased by 6.96% at Rs 833.94 crore for Q1FY24 as compared to Rs 779.64 crore for the corresponding quarter previous year. 

Sequentially on a consolidated basis the company’s net profit for the quarter which ended on June 30, 2023, decreased by 3.44% from Rs 141.62 crore. In Q1FY24, the company’s total net revenue decreased by 1.85% from Rs 849.70 crore in the similar quarter the year prior.  

Today, the stock opened at Rs 463.75 and closed at Rs 491.95, up by 6.54%. It has a 52-week high at Rs 524.95 and it has a 52-week low of Rs 340.95. The company has a market capitalisation of around Rs 21,860 crore.    

Emami is engaged in the manufacturing & marketing of personal care and healthcare products with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, Mentho Plus Balm and others. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.