Emami Ltd's Q3FY19 consolidated net profit declines 6.5% yoy to Rs137.5cr : Misses Estimates

The company’s consolidated revenue stood at Rs810.9cr, up 7.1% yoy and 29.1% qoq.

Jan 31, 2019 03:01 IST India Infoline Research Team

Emami Ltd Q3FY19

Consolidated Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 810.9 7.1
EBITDA 266.6 0.7
EBITDA Margin (%) 32.9 [209]
Net Profit  137.5 [6.5]
***EBITDA margin change is bps
Emami reported another weak quarter; though revenue met the estimate, EBITDA and PAT missed expectations. Company’s revenue grew by 7.1% yoy to Rs810.9cr, broadly in-line with the estimates. Gross margin for the quarter contracted by 380bps yoy to 67%. EBITDA for the quarter was flat on yoy basis to Rs266.6cr, ~8% below estimates. EBITDA margin contracted by 209bps yoy to 32.9% (against estimate of 34.8%). Interest outgo declined by 32.6% yoy. PAT for the quarter stood at Rs137.5cr, down 6.5% yoy and significantly below the estimate of Rs205cr.

Technical View:

Emami Ltd is currently trading at Rs. 415.85, up by 2.2 points or 0.53% from its previous closing of Rs. 413.65 on the BSE.
The scrip opened at Rs. 421.30 and has touched a high and low of Rs. 421.30 and Rs. 404.05 respectively. So far 5,34,776 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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