The company attributed the decline in net profit to muted demand for personal care products and excessive rainfall in many parts of the country in March, which impacted the demand for summer products.
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 the year-ago period, but down from Rs 933.61 crore in the previous quarter.