Emami gets 'fair and handsome'

Emami is doing very well today morning, on the back of its exuberant numbers for Q4FY13 and a 1:2 bonus – one equity share for every two held. The stock opened higher at Rs.677 and went on to hit an intra day high at Rs.699.30 and it currently remains strongly in the green, up 2.4% at Rs.680.70. Volumes are robust at 72,000 shares.

The company has posted a good set of numbers for Q4Fy13, following up on its performance of Q3. Its net profit for the quarter was up 30% (YoY) at Rs.94 crore on a 13% rise in net revenue at Rs.451 crore. The company which sells popular brands like Boroplus, Navranta, Zandu and Fair & Handsome has ended the year on a very good note too. For FY13, net profit came in at Rs.315 crore, up 22% on a 17% surge in net revenue at Rs.1699 crore. The bonus was further sweetened with a generous dividend of 800% or Rs.8 per share (face value Re.1/share).