Kolkata, January 29: The Board of Directors of Emami Limited met on Monday, January 29, 2018 to consider the unaudited financial results of the company for the third quarter and nine months ended December 31, 2017.
The company closed the quarter with a turnover of Rs 757 crores and a growth of 10%. Major brands like Boro Plus, Navratna, Pain Management Range Male Grooming range and seven Oils in One continued to perform well, growing in double digits. While the domestic business grew by 10%, International business also grew by 16%. While the wholesale channel is yet to return to normalcy post GST, rural and retail segments are shining and promise a good growth trajectory going forward. Despite the continuing challenges, the company performed satisfactorily during the quarter.
Mohan Goenka, Director, Emami Limited said “After a strong Q2, we are happy to inform you that the performance of the company has continued the growth path in the third quarter also. The company has registered a satisfactory volume growth as we end this quarter. Retail and rural business have bounced back and are growing in healthy double digits though the wholesale channel is still continuing to be under some pressure. International business has also performed well.”
Harsha V Agarwal, Director, Emami Limited said “With the GST streamlining falling in place, market sentiments are improving, both in urban and rural markets. We have delivered satisfactory performance in this quarter led by growth in winter skincare and wellness brands along with the pain management products. Our future growth path would be focused more on strong innovation, wider distribution and on future ready areas such as modern trade online marketplace.”