Stock Market

Emami eyes 16% topline growth this fiscal

Emami eyes 16% topline growth this fiscal

FMCG firm Emami is eyeing 16 per cent growth in its topline this fiscal and has also lined up a capital expenditure in the range of Rs 170 crore to be utilised during the financial year.

The Kolkata-based firm also plans to focus on introducing brand extension of existing products lines during the period.

“We are looking at a topline growth of almost 15 per cent to 16 per cent that is the target that we have taken and we are hopeful that we would be able to achieve those numbers,” Emami Director Mohan Goenka told analysts in a an investor call.

Emami’s net sales for 2015-16 increased 18.35 per cent to Rs 2,619.29 crore as against Rs 2,213.15 crore. Its consolidated net profit was down 26 per cent at Rs 359.06 crore compared with Rs 485.61 crore in the corresponding period a year ago.

Elaborating on the launches, he added: “As far as the new launches are concerned we would focus mostly on brand extension under most of our key categories.

On capital expenditure (capex) during the fiscal, Emami Senior Vice President Rajesh Sharma said it would be in the range of Rs 150-170 crore.

“Total capex next year we are expecting somewhere around Rs 150 crore-Rs 170 crore kind off,” Sharma told analysts. PTI MSS .