Emami Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 2.07 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 3.52 rupees per share.

EPS fell 36.1% year over year from 3.25 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 471.1 million rupees, a decline of 36.0% from 736.1 million rupees in the year-earlier period.

The normalized profit margin fell to 8.2% from 15.0% in the year-earlier period.

Total revenue climbed 17.4% on an annual basis to 5.75 billion rupees from 4.90 billion rupees, and total operating expenses climbed 28.1% on an annual basis to 4.94 billion rupees from 3.85 billion rupees.

Reported net income fell 33.9% year over year to 613.4 million rupees, or 2.70 rupees per share, from 927.6 million rupees, or 4.09 rupees per share.

As of Oct. 29, US$1 was equivalent to 65.42 Indian rupees.