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Emami Ltd. profit misses consensus by 35.2% in fiscal Q4

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Emami Ltd. profit misses consensus by 35.2% in fiscal Q4

Emami Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 4.05 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 6.25 rupees per share.

EPS declined 30.7% year over year from 5.84 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 919.1 million rupees, a decline of 30.7% from 1.33 billion rupees in the prior-year period.

The normalized profit margin dropped to 23.8% from 24.0% in the year-earlier period.

Total revenue increased 21.2% year over year to 6.71 billion rupees from 5.54 billion rupees, and total operating expenses increased 36.6% from the prior-year period to 5.72 billion rupees from 4.19 billion rupees.

Reported net income fell 45.2% year over year to 758.5 million rupees, or 3.34 rupees per share, from 1.38 billion rupees, or 6.09 rupees per share.

For the year, the company's normalized net income totaled 13.23 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 21.02 rupees.

EPS declined 26.4% from 17.98 rupees in the prior year.

Normalized net income was 3.00 billion rupees, a decline of 26.4% from 4.08 billion rupees in the prior year.

Full-year total revenue rose 18.3% from the prior-year period to 26.24 billion rupees from 22.17 billion rupees, and total operating expenses rose 28.3% year over year to 21.89 billion rupees from 17.06 billion rupees.

The company said reported net income decreased 26.1% on an annual basis to 3.59 billion rupees, or 15.82 rupees per share, in the full year, from 4.86 billion rupees, or 21.40 rupees per share.

As of July 8, US$1 was equivalent to 67.19 Indian rupees.