India's Emami hits over 3-month low on weak Q4 results

Emami

28/05/2019 07:04

** Shares of Emami Limited  EMAM.NS  fall as much as 4.2% to
342.55 rupees, lowest since Feb. 11
    ** Consumer goods company posted ~7% fall in March-quarter
consolidated profit on Monday  urn:newsml:reuters.com:*:nFWN233024
    ** Domestic business was impacted due to a prolonged
winter affecting the sales of summer products like cool oils,
talcum powders and deodorants, co said in a statement https://www.bseindia.com/xml-data/corpfiling/AttachLive/3edcf387-b142-4017-98e0-bc0bc68e9aab.pdf
    ** Gross margin at 60.8% and EBITDA margin at 24.2%
declined by 440 bps and 390 bps due to an increase in raw
material costs during the quarter
    ** Up to last close, shares of Emami down 15% this year,
while those of its peers Dabur India Ltd  DABU.NS  and Marico
Limited  MRCO.NS  have fallen 7% and 2.1%, respectively, in the
same period

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))