Emami posts healthy volume-led profit growth in Q4FY24

Emami Ltd, a leading FMCG company in India, posted healthy volume-led profit growth in the fourth quarter (Q4) of FY24. The company's consolidated net sales grew by 8% to ₹881 crore, driven by a domestic volume growth of 6.4%.

The company demonstrated resilience and achieved volume led profit growth in the fourth quarter. While consolidated net sales at ₹ 881 crore, grew by 8%, Revenue from Operations at ₹ 891 cr grew by 7% over previous year.

Domestic Business grew by 8% with a healthy volume growth of 6.4%. Major brands like BoroPlus, Pain Management range, Healthcare range, 7 Oils in One, The Man Company and Brillare performed strongly during the quarter. However, extended winters led Navratna and Dermicool to post low single digit growth.

During the quarter, the company launched Nature F1rst healthy radiance range under the Fair and Handsome brand. Enriched with Green Tea and Olives, the range consists of a cream and facewash to provide a healthy & radiant look. The Company also introduced four digital first launches under the Zanducare D2C portal.

Despite geopolitical crisis and currency depreciations in key geographies, international business grew by 9% in constant currency and 8% in INR terms driven primarily by the MENA region. The company’s international business further strengthened its portfolio by introducing a range of shampoo’s & conditioners under the 7 Oils in One brand and a Baby care range under the Creme21 brand. The NPD’s were launched in select key markets and will be gradually extended to other markets as well in coming quarters.