Emami sees 200-300 basis points margin growth on year in March quarter
Live MintFMCG major Emami Ltd is expecting 200-300 basis point expansion year-on-year in its margin in quarter ending March 2023 on easing of inflationary pressure in its inputs, a top company official said. "In the January-March period of the current fiscal, Ebitda is expected to be 24-25 per cent, which will be an improvement of 200-300 basis points over the same period last year," he added. Emami reported a 6.12 per cent increase in consolidated profit after tax to ₹232.97 crore for the quarter ended December 2022, amid contraction of gross margins due to inflationary pressure. "While rural markets remained muted, urban-centric new age channels, like modern trade, continued to grow strongly by 20 per cent and e-commerce by 45 per cent during the quarter and will remain strong.
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