Revenue for the quarter under review was Rs 770 crore, a 5 per cent rise over the topline of Rs 730 crore in January-March 2021
The stock of Emami has underperformed the market by falling 23 per cent in the past six months, as compared to a 5 per cent decline in the S&P BSE Sensex.
Deal will be funded through internal accruals, is the biggest by Emami after 'Kesh King' hair and scalp products (2015), and Zandu Pharma (2008)
FMCG major Emami has acquired a 19 per cent equity stake in direct-to-consumer (D2C) nutrition firm Tru Native F&B Pvt Ltd.
Company said quarter had high inflation leading to deceleration in consumer demand and gross margins at 67.4% contracted by 300 bps due to spike in key input prices
Founders R S Agarwal and R S Goenka not to draw any emoluments for their new positions as chairman emeritus and non-executive chairman, respectively
Revenue from operations was up at Rs 971.85 crore during the quarter under review as against Rs 933.61 crore in the year-ago period
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The company was founded in the mid-1970s in West Bengal when two close friends left their high profile corporate jobs to set up a cosmetic manufacturing unit in Kolkata