Emami’s Q4FY12’s consolidated net profit up 33% at Rs 72.37 crore

FMCG firm Emami has reported results for the quarter and year ended March 31, 2012.

The company’s net profit for the fourth quarter ended March 31, 2012 clocked in growth of 27.07% at Rs 65.62 crore as compared to Rs 51.64 crore for the quarter ended March 31, 2011. The company’s total income has increased by 16.51% from Rs 339.33 crore for the March quarter of 2011 to Rs 395.36 crore for the March quarter of FY12.

For full year ended on March 31, 2012, the company’s net profit rose by 12.89% at Rs 256.81 crore compared to Rs 227.49 crore for the year ended March 31, 2011. Its total income has increased by 16.88% from Rs 1236.66 crore for the year ended March 31, 2011 to Rs 1445.35 crore for the year ended March 31, 2012.

On Consolidated basis, the Group registered a growth of 32.62% in net profit after taxes, minority interest and share of profit of associates of Rs 72.37 crore for the fourth quarter ended March 31, 2012 as compared to Rs 54.57 crore for the similar period of last Fiscal. The company’s total income has increased by 16.97% to Rs 423.82 crore for March quarter of FY12 from Rs 362.33 crore for corresponding period of previous fiscal.

For full year ended on March 31, 2012, the Group’s profit after taxes, minority interest and share of profit of associates stood at Rs 258.84 crore as compared to Rs 228.72 crore for the year ended March 31, 2011, up by 13.17%. Group’s total income also grew by 17.76% from Rs 1280.17 crore in previous fiscal to Rs 1507.63 crore for the fiscal under review.

The company's board recommended a dividend of Rs 4 per share. It has also recommended special dividend of Rs 4 per share, taking the total dividend to Rs 8 per share. Commenting on the results Emami’s management stated that the company has recorded substantial profitable growth from its power brands like Navratna Oil, Zandu Balm, Fair and Handsome besides Menthoplus Balm.

It further, stated that the company has sustained its sales momentum at a time when input costs and inflationary pressures were high. Continued growth in urban demand and rapid expansion in rural areas have helped the company to maintain double-digit top-line growth. Moreover, the company is in the process of setting up manufacturing units in Bangladesh and Egypt to cater to growing demand in those two countries besides other African markets.