Emami Limited has reported strong performance in the second quarter of fiscal year 2024, despite prevailing macroeconomic challenges.

Financial Performance

The company's profit increased by 19.1% compared to the same quarter of the previous fiscal year, while revenue from operations grew by 3%.

The domestic business saw a modest increase of 2.6%, driven by strong performances from major brands.

Commitment to Growth

Emami remains committed to achieving high single-digit revenue growth and double-digit EBITDA growth for FY25.

International Business

The international business also showed resilience, with notable sales growth in the MENA region.

Dividend Declaration

Emami's board has declared the payment of the first interim dividend for the financial year 2024-25.

Optimism and Future Plans

Looking ahead, the company is optimistic about its winter portfolio performance and aims to solidify its position in the consumer goods sector.

Impressive Results in the Sector

Page Industries and Escorts Kubota Ltd also reported impressive results in the second quarter.

Agricultural Sector Recovery

The agricultural sector has shown signs of recovery, with positive impacts on the tractor segment.