New Delhi: FMCG firm Emami Ltd reported 45.16 % decline in consolidated net profit at Rs 75.85 crore for the fourth quarter ended March 31, on account of amortisation of Kesh King intangibles. Net sales rose by 21.16 % to Rs 668.98 crore. Emami had acquired Kesh King and allied brands in June for Rs 1,684 crore. It further added:
“Extended winters were positive for winter brands like BoroPlus, however, this led to an adverse impact on the sales of summer products Q4 FY16. Overall the domestic business delivered a strong topline growth of 23 %.”
