Emami Net Surges By 44% In Q4

Emami Net Surges By 44% In Q4FMCG major Emami has recorded an increase of 44% in its net profit for the quarter ended March 31, 2010.

The company's recorded a net profit of Rs 39 crore over the corresponding period last year.

The company's global business with revenues of Rs 45 crore registered a growth of 43.9% during the fourth quarter.

The growth for the year stood at 36% with exports at Rs 133 crore.

According to company's statement, "Growth is coming from all quarters - Middle East, CIS, SAARC countries and Africa. While development of new products and new markets continues, thrust is being put on increasing distribution and penetration in existing markets and to develop global brands."

For the fiscal ended March 2010, the company's consolidated income increased by 35.8% at Rs 1038 crore, while consolidated operating profits at Rs 231 crore, up 91%.

The company's PAT grew 85% to Rs 170 crore.

The company said it had received an encouraging response from test-marketing Healthy and Fair ' baby products (baby oil, baby powder and baby soap), ' Emami 5-in-1 ' shampoo. pure Glycerine soap and Vasocare petroleum jelly nationally. (With Inputs from Agencies)