The Board of Directors of Emami Limited met on 7th February 2020 to consider the unaudited financial results of the company for the quarter and nine months ended 31st December 2019.
The Company posted resilient growth during the quarter despite ongoing challenges such as overall weak consumption environment in the domestic business, weak rural demand, liquidity concerns and hike in food inflation. Nearly 65% of the portfolio (i.e. excluding winter products) grew by 8%. However, delayed onset of winters impacted the sales of winter portfolio leading to an overall flat revenue growth in Q3FY20 with consolidated revenues at ₹ 813 cr.
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