FMCG firm Emami today reported an increase of 30.18 per cent in its consolidated net profit at Rs 60.68 crore for the first quarter ended June 30, 2013, on account of robust sales across various business verticals.
The company had posted a net profit of Rs 46.61 crore during the same period of previous fiscal.
Net sales of the company rose to Rs 383.65 crore for the first quarter, as against Rs 338.83 crore during the same period of previous financial year, Emami Ltd said in a statement.
"Emami Ltd's performance has been reasonably good this quarter in the domestic market in spite of onset of early monsoon. Strong performance by all our power brands in key categories helped us to meet the challenges in the operating environment," Emami Director Mohan Goenka said.
The company said the early monsoon in June impacted the growth of summer brands which contribute bulk of revenues in the first quarter.
The domestic business thus grew at a lower rate of 12 per cent. International business, however, grew at 25 per cent.
"Adoption of correctional measures and some definite consolidation led to considerable improvement in our international business. We sustained our sales momentum through a strong focus on internal optimisation and effective cost management," Goenka said.
Easing of the input price pressure, especially for the agro based materials led to a positive impact and margin expansion, he added.
The Kolkata-based firm said direct rural business also showed a strong growth of 19 per cent during the quarter under review and is now contributing around 26 per cent of the total revenues.
On a standalone basis, the company posted a net profit of Rs 66.02 crore for the first quarter ended June 30, 2013.
Shares of Emami were trading at Rs 452.65 apiece on the BSE in afternoon trade, down 2.27 per cent from the previous close.