Emami Q4 FY16 Revenue Grows By 21.2% & Ebidta By 29.9%

By 121 News

Chandigarh 05^th May:-  Emami Limited announced its Audited Financial Results for the fourth quarter & full year ended March 31, 2016 at their Board of Directors' Meeting held on 5^thMay, 2016.

Turnover of the company at ` 671 crores grew by 21.2% in the fourth quarter and by 18.3% in FY16 at `2,624 crores. EBIDTA at ` 182 crores grew by 29.9% in the fourth quarter and by 26.6% in FY16 at ` 684 crores. PAT however was impacted by `73 crore and by ` 210 crore for Q4 & FY16 respectively mainly because of amortisation of Kesh King Intangibles. Cash Profits, however at ` 166 cr grew by 10.8% during the quarter and by 18.1% in FY16 with cash profits at ` 614 cr. 

Extended winters were positive for winter brands like BoroPlus, however, this led to an adverse impact on the sales of summer products Q4FY16. Overall the domestic business delivered a strong topline growth of 23%.

New launches such as Fair and Handsome Instant Fairness Facewash, Emami 7 Oils in One Damage Control Hair Oil and Zandu Honey performed well. The company continued to spend aggressively on advertisement and brand building during the quarter to strengthen its marketing efforts. 

Despite the high increase in A&P spends at 19.0% of sales, the Company's EBIDTA margins at 27.2% rose by 190 bps in the fourth quarter and by 170 bps at 26.1% in FY16, mainly on account of gross margin expansion.

The company recently launched Navratna i-Cool Talc with "Intelligent Sweat Sense technology" releasing instant cooling on application and also when one sweats. The company alsore-launched its HE range of aerosol Deodorants with an improved packaging and a new fragrance HE Respect.  HE Deo also forayed into No Gas category with two variants – Body Perfume & ICY Collection.

The power brands continued to maintain leadership in key categories in FY16. Navratna Cool Oils, Zandu & Mentho Plus Balms, Boroplus Antiseptic Cream and Fair and Handsome maintained their leadership positions with FY16 volume market shares at 60.5%, 55.2%, 76.9%, and 64.6% respectively.