Emami Q3 Net Up 22 Percent At Rs 115 Cr

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Net sales of the company rose to 548.65 crore for the third quarter, as against 452.36 crore in the corresponding period of 2011-12 fiscal, Emami Ltd said in a statement.

"Consumer sentiment in both the rural and the urban sector continued to be positive. With winter setting in early this year, consumer demand has been strong during this quarter which helped in maintaining a robust top-line growth," Emami CEO-Finance, Strategy and Business Development Naresh H Bhansali said.

During the quarter, the company said its domestic business grew by 21.7 percent to 465 crore, as compared to the same period of previous fiscal.

"The growth was led by Boroplus Antiseptic cream aided by good winter season. Other Power Brands--Navranta, Zandu and Fair & Handsome also grew in line with expectations," it said.

During the period under review, the company's international business business grew by 25 percent to 48 crore, as compared to the same period of 2011-12 fiscal, it said.

The company's first overseas manufacturing facility started operations in Bangladesh in the third quarter, it added.

Shares of Emami today ended at 575.05 on the BSE, down 1.54 percent from their previous close.