Shares of FMCG firm Emami today rose by nearly 5 per cent after the company reported 16.69 per cent increase in consolidated net profit for the first quarter ended June 30, 2014.
The FMCG firm's scrip settled 4.81 per cent higher at Rs 561.25 on the BSE. In intra-day session, it rose by 5.5 per cent to Rs 565.
At the NSE, it climbed 4.26 per cent to close the session at Rs 560.
Following the surge in the scrip the company's market capitalisation rose by Rs 584.56 crore to Rs 12,738.56 crore.
Emami had on Saturday reported 16.69 per cent increase in its consolidated net profit at Rs 70.81 crore for the first quarter ended June 30, 2014.
The company had posted a net profit of Rs 60.68 crore during the same period of previous fiscal.
Net sales of the company rose to Rs 481.73 crore for the first quarter, 25.6 per cent up as against Rs 383.65 crore during the same period of previous financial year, Emami Ltd had said in a statement.