400% Dividend Announced: Mid Cap FMCG Major Posts 6% Rise In Q2 FY24 Revenue

Mid cap FMCG sector company Emami Ltd on Monday announced its September quarter results. The company considered and approved its first interim dividend of 400% (i.e. Rs 4/- per share on equity share of Re 1/- each) for the FY 2023-24. Last trading price of Emami share on BSE is Rs 518.80 per share with intraday jump of 1.80%. Emami shares gained 37% in last 6-months and fell 8% in last 2-years. Check details below:

Emami Q2 Results: The leading homegrown FMCG maker on November 6 announced its profit after tax at Rs 180 crore for Q2 that ended on September 30, 2023 as against Rs 180.13 crore declared in the corresponding quarter of last year.

But, the company posted a surge of 6.28% in its revenue from operations to Rs 864.87 crore for the September quarter as compared to Rs 813.75 crore in the corresponding quarter of last year. Emami's total expenses for the September quarter surged 2.07% to Rs 631.20 crore. The company's total income for the quarter under consideration soared 2.36% to Rs 875.98 crore.

Harsha V Agarwal, Vice Chairman and Managing Director, Emami Limited said, ""In this dynamic and challenging environment, our results exemplify our dedication to growth and innovation, marked by a good increase in both volumes and revenues. Strong performance by both Modern Trade and e-commerce has led to a decent revenue growth of 6% and an impressive constant currency growth of 16% in our international business during this quarter. Our recent expansion into the juice category, marked by a strategic 26% investment in Axiom Ayurveda (AloFrut), aligns with our vision to diversify into high growth segment where we are currently not present. These strategic entries in diverse categories act as a launch pad for future growth of the Company."

Emami Declares 1st Interim Dividend: According to the BSE filing issued today, "Considered and approved payment of First Interim Dividend @ 400%, (i.e., Rs. 4/- per equity share on equity share of Re. 1/- each) for the Financial Year 2023-24. The Record date for ascertaining the names of the members who will be entitled to receive the Interim Dividend is Wednesday, 15th November, 2023, as intimated vide our letter dated 28th October, 2023."

Emami Stock Performance & Return Over Years: Last trading price of Emami share on BSE is Rs 518.80 apiece. Its 52-week high price is quoted at Rs 582.00 per share and 52-week low price is Rs 340.95 per share, respectively. The company has a market capitalisation of Rs 23,061.37 crore. Emami shares gained over 4% in last 2-weeks, soared 20% YTD, rallied nearly 7% in last 1-year, and offered return of 40% in last 1-year. In last 5-years, Emami stock surged 24%.

Emami About: FMCG - Emami Limited is one of the leading and fastest growing personal and healthcare businesses in India, with portfolio of household brand names such as Navratna, BoroPlus, Zandu, Kesh King, Fair and Handsome, Mentho Plus Balm, 7 Oils in One and Dermicool, according to its official website.

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