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Emami Ltd. profit misses consensus by 25.0% in fiscal Q1

Emami Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 2.54 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 3.38 rupees per share.

EPS rose 31.3% year over year from 1.93 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 575.7 million rupees, a gain of 31.2% from 438.9 million rupees in the prior-year period.

The normalized profit margin rose to 12.0% from 11.4% in the year-earlier period.

Total revenue rose 25.6% on an annual basis to 4.82 billion rupees from 3.84 billion rupees, and total operating expenses grew 24.6% from the prior-year period to 4.11 billion rupees from 3.30 billion rupees.

Reported net income grew 16.7% from the prior-year period to 708.1 million rupees, or 3.12 rupees per share, from 606.8 million rupees, or 2.67 rupees per share.

As of Aug. 8, US$1 was equivalent to 61.15 Indian rupees.