Emami Stock Surges 15% On Q4 Earnings

Stocks of FMCG firm Emami displayed massive gains in the Thursday trading session as the stock surged more than 15 per cent on the firm’s Q4 numbers.

Emami stock traded at Rs 604 with 15.37 per cent gain in the afternoon session on the National Stock Exchange (NSE). 

Emami declared a 3.09 per cent rise in its consolidated net profit for the fourth quarter of the fiscal year 2024, reaching Rs 148.90 crore compared to Rs 144.43 crore in the same period last year.

Emami's revenue from operations saw a 6.61 per cent  increase, totalling Rs 891.24 crore, up from Rs 835.95 crore in Q4 FY23.

The profit before tax (PAT) for the quarter jumped 14.45 per cent year-on-year (YoY) to Rs 169.23 crore. Despite a 39 per cent increase in advertising and promotion investments, EBITDA grew by 6 per cent to Rs 211 crore. 

Harsha V Agarwal, Vice Chairman and Managing Director of Emami, expressed satisfaction with the company's performance, highlighting an 8 per cent growth in consolidated net sales and a 6.4 per cent domestic volume growth in Q4. He attributed the growth to strong performances by key brands and a resilient international business.

Looking ahead, Agarwal expects continued robust growth from core brands, supported by a recovery in rural markets, a strong summer, and favourable monsoon forecasts. Strategic investments in innovative start-ups are also anticipated to sustain their growth and improve profitability.

For the full fiscal year, Emami's consolidated net profit surged 13.13 per cent to Rs 725.53 crore, with a 5.06 per cent increase in revenue from operations to Rs 3,578.09 crore compared to FY23. 

With robust Q4 numbers, Emami stock’s year-to-date (YTD) turned positive and stood with nearly 6 per cent gain.