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Emami Q2 net profit slips to Rs 50.64 cr

Dragged down by foreign exchange loss and high input cost, Kolkata-based FMCG firm Emami Ltd on Monday  posted 5.07 per cent dip in its consolidated net profit at Rs 50.64 crore in the quarter ended September 30, 2011.

twitter-logo PTI   New Delhi     Last Updated: November 7, 2011  | 19:59 IST

Dragged down by foreign exchange loss and high input cost, Kolkata-based FMCG firm Emami Ltd on Monday  posted 5.07 per cent dip in its consolidated net profit at Rs 50.64 crore in the quarter ended September 30, 2011.

In the corresponding period last fiscal, the company , which sells personal care brands like 'Boroplus' and 'Fair and Handsome', had a net profit of Rs 53.35 crore.

During the quarter under review, the firm's sales stood at Rs 310.43 crore, 15.57 a per cent increase from Rs 268.60 crore posted in the year-ago period.

"Our net profit has declined mainly due to foreign exchange losses during the quarter," Emami Director Harsh Agarwal said.

During the quarter, Emami's forex loss stood at Rs 6.57 crore against a gain of Rs 3.56 crore in the year-ago period.

Expenditure on raw material rose by 17.03 per cent to Rs 100.67 crore during the quarter under review while advertising spend also jumped by 18.10 per cent to Rs 53.24 crore as compared to the year-ago period.

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