Emami net up by 88% to Rs 137cr

Kolkata: Driven by robust growth, FMCG player Emami Limited on Monday said its consolidated net profit for the first quarter of FY'24 surged by 88 per cent to Rs 136.75 crore, compared to Rs 72.69 crore in the corresponding quarter of the previous year. The company's consolidated revenues grew by 7 per cent to Rs 826 crore during the quarter. The company attributed the increase in net profit to strong growth in both its domestic and international businesses. "Excluding the sales of the summer portfolio, the domestic business grew strongly by 16 per cent, while the overall growth of the domestic business in Q1FY24 stood at 7 per cent.