Kolkata based Emami is revamping its R&D centre and manufacturing facilities for its Boroplus and Zandu products in order to meet the growing demand in domestic and overseas markets. The company has planned to invest Rs. 75 crores in expanding and modernisation of the existing facilities across the country during the financial year.
The company has posted a 17.7 per cent increase in its net profit to Rs. 41.5 crore for the first quarter ended June compared to Rs.35.3 crore during the same period of the previous financial year. During the quarter the firm has registered 24 per cent increase in sales to Rs. 299.9 crore against Rs. 242 core in the year ago period.According to the company sources the robust growth of branded products like Navratna oil,Zandu Balm,Fair&Handsome and Mentoplus Balm boosted the increased revenue and profit.
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