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Emami Ltd — Interim / Quarterly Report 2022
Aug 2, 2021
61637_rns_2021-08-02_fc87b362-c4d7-4025-a3ee-3916b6e2d8a2.pdf
Interim / Quarterly Report
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The Secretary The National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G. Block Bandra Kurla Complex, Bandra (E) Mumbai - 400 051
Date: 2nd August, 2021
The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001
Dear Sirs,
Sub: Unaudited Financial Results for the First Quarter ended 30th June, 2021
Pursuant to Regulation 30 & 33 (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith Unaudited Standalone and Consolidated Financial Results of the company along with Limited Review Reports for the first quarter ended 30th June, 2021 which have been duly approved by the Board of Directors of the company in its meeting held today i.e. 211d August, 2021. The Board meeting commenced at 12:15 p.rn. and concluded at p.m. 13 :40
The full format of the Standalone and Consolidated Financial Results for the first quarter ended 30th June, 2021 shall be available on the website of the Stock Exchanges www.nseindia.com, www.bseindia.com and also on the company's website at w,vw.emarniltd.in
Tha,_nkingYou, Yours Sincerely, For Emami Limited
?
A. K. Joshi Company Secretary & VP- Legal (Encl. : As above)
22, Camac Street 3rd Floor, Block 'B' Kolkata – 700 016, India
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to The Board of Directors Emami Limited
-
- We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Emami Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), and its associates for the quarter ended June 30, 2021 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
-
- This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
-
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
Chartered Accountants
- The Statement includes the results of the following entities
| Entity | Relationship | ||
|---|---|---|---|
| Emami Bangladesh Limited | Subsidiary of Emami Limited | ||
| Emami International FZE | Subsidiary of Emami Limited | ||
| Emami Indo Lanka (Pvt) Limited | Subsidiary of Emami Limited | ||
| Emami RUS (LLC) | Subsidiary of Emami International FZE | ||
| Crème 21 GMBH (Formerly Fentus 113. | Subsidiary of Emami International FZE | ||
| GMBH) | |||
| Emami Overseas FZE | Subsidiary of Emami International FZE | ||
| PharmaDerm Company SAE. | Subsidiary of Emami Overseas FZE | ||
| Helios Lifestyle Private Limited | Associate of Emami Limited | ||
| Brillare Science Private Limited | Associate of Emami Limited |
- Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
6. Emphasis of Matter paragraph
We draw attention to note 6 to the consolidated financial results, which describes the uncertainties and potential impact of the Covid-19 pandemic on the Group's operations and results as assessed by the management. The actual results may differ from such estimates depending on future developments. Our conclusion is not modified in respect of this matter
-
- The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of:
- Four (4) subsidiaries, whose unaudited interim financial results include total revenues of Rs 7,449 lacs, total net profit after tax of Rs. 446 lacs, total comprehensive income of Rs. 448 lacs, for the quarter ended June 30, 2021, as
considered in the Statement which have been reviewed by their respective independent auditors.
One (1) associate, whose unaudited interim financial results include Group's share of net loss of Rs. 14 lacs and Group's share of total comprehensive loss of Rs. 14 lacs, for the quarter ended June 30, 2021, as considered in the Statement whose interim financial results, other financial information have been reviewed by its independent auditor.
The independent auditor's reports on interim financial information/ financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries and an associate is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.
The aforesaid subsidiaries are located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial results of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us.
-
- The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of:
- Three (3) subsidiaries, whose interim financial results and other financial information reflect total revenues of Rs 197 lacs, total net loss after tax of Rs. 53 lacs, total comprehensive loss of Rs. 53 lacs, for the quarter ended June 30, 2021.
- One (1) associate, whose interim financial results includes the Group's share of net loss of Rs. 138 lacs and Group's share of total comprehensive loss of Rs. 138 lacs, for the quarter ended June 30, 2021.
The unaudited interim financial information/ financial results and other unaudited financial information of the these subsidiaries and an associate have not been reviewed by any auditor and have been approved and furnished to us by the Management and our Chartered Accountants
conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries and an associate, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial information/financial results are not material to the Group.
Our conclusion on the Statement in respect of matters stated in para 7 and 8 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results/financial information certified by the Management.
For S.R. BATLIBOI & CO. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005
Digitally signed by Sanjay Kumar Agarwal Sanjay Kumar Agarwal
DN: cn=Sanjay Kumar Agarwal, c=IN, o=S R Batliboi & Co. LLP, ou=Assurance, email=[email protected] Date: 2021.08.02 13:38:11 +05'30'
per Sanjay Kumar Agarwal Partner Membership No.: 060352
_______________________
UDIN: 21060352AAAACS9535
Place : Kolkata Date : August 02, 2021
EMAMI LIMITED
CIN No: L63993WB1983PLC036030
Regd. Office :- Emami Tower, 687 Anandapur, E. M. Bypass, Kolkata 700 107, West Bengal UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE' 2021
| र in Lacs | ||||||
|---|---|---|---|---|---|---|
| PARTICULARS | Year EndedQuarter Ended | |||||
| S.N. | 30.06.2021 | 31.03.2021 | 30.06.2020 | 31.03.2021 | ||
| Unaudited | Audited(Refer note 7) | Unaudited | Audited | |||
| 1 | Income: | |||||
| (a) Revenue from Operations | 66,095 | 73,076 | 48,134 | 2,88,053 | ||
| (b) Other Income | 1,072 | 4,650 | 670 | 7,027 | ||
| Total Income | 67,167 | 77,726 | 48,804 | 2,95,080 | ||
| $\overline{2}$ | Expenses: | |||||
| (a) Cost of Materials Consumed | 18,394 | 19,021 | 9,780 | 70,855 | ||
| (b) Purchases of Stock-in-trade | 4,331 | 9,531 | 4,349 | 24,009 | ||
| (c) (Increase) / Decrease in Inventories of Finished Goods, Stock in | (263) | (1,271) | 2,005 | (1,940) | ||
| trade and Work-in-Progress. | ||||||
| (d) Employee Benefits Expense | 8,450 | 7,595 | 7,813 | 30,917 | ||
| (e) Advertisement and Sales Promotion | 10,986 | 13,498 | 5,971 | 45,813 | ||
| (f) Other Expenses | 7,226 | 8,422 | 5,918 | 30,094 | ||
| Total Expenses | 49,124 | 56,796 | 35,836 | 1,99,748 | ||
| Earnings before Share of loss of associates, Interest, Depreciation & | ||||||
| 3 | Amortisation and Tax (1-2) | 18,043 | 20,930 | 12,968 | 95,332 | |
| 4 | Finance Costs | 64 | 472 | 470 | 1,327 | |
| 5 | Profit After Finance costs but before Share of loss of associates,Depreciation & Amortisation and Tax (3-4) | 17,979 | 20,458 | 12,498 | 94,005 | |
| 6 | Depreciation & Amortisation Expense: | |||||
| a. Amortisation of Intangible assets (Refer note 2) | 5,961 | 5,893 | 5,543 | 26,785 | ||
| b. Depreciation of Tangible assets (Refer note 2) | 2,170 | 2,241 | 1,770 | 9,248 | ||
| c. Depreciation of Right of Use Assets | 169 | 162 | 166 | 662 | ||
| $\overline{7}$ | Profit before Share of loss of associates & Tax (5-6) | 9,679 | 12,162 | 5,019 | 57,310 | |
| 8 | Share of (Loss) of associates | (152) | (134) | (113) | (418) | |
| 9 | ||||||
| Profit before Tax (7-8) | 9,527 | 12,028 | 4,906 | 56,892 | ||
| 10 | Tax Expense: | |||||
| Current Tax (including MAT) | 2,131 | 2,868 | 1,267 | 11,474 | ||
| Deferred Tax charge/(credit) | (383) | 387 | (319) | (53) | ||
| 11 | Profit After Tax (PAT) (9-10) | 7,779 | 8,773 | 3,958 | 45,471 | |
| 12 Other Comprehensive Income: | ||||||
| Items that will not be reclassified to Profit or Loss in subsequentperiods | 2,773 | 1,606 | 2,341 | 5,905 | ||
| Income tax relating to items that will not be reclassified to statement ofprofit and loss | (9) | (17) | (4) | (27) | ||
| Items that will be reclassified to Profit or Loss in subsequent periods | (69) | 62 | 18 | 257 | ||
| 13 | Total Comprehensive Income for the period/Year (11+12) | 10,474 | 10,424 | 6,313 | 51,606 | |
| 14 | Profit attributable to: | |||||
| a) Equityholders of the parent | 7,779 | 8,773 | 3,960 | 45,470 | ||
| b) Non-controlling Interest | (2) | -1 | ||||
| 15 | Total Comprehensive Income attributable to: | |||||
| a) Equityholders of the parent | 10,475 | 10,424 | 6,319 | 51,608 | ||
| b) Non-controlling Interest | (1) | (6) | (2) | |||
| 16 | Cash Profit (PAT attributable to the equityholders of the parent +Depreciation & Amortisation) (14a + 6) | 16,079 | 17,069 | 11,439 | 82,165 | |
| 17 | Paid - up Equity Share Capital (Face Value - Re 1/- per Share) | 4,445 | 4,445 | 4,456 | 4,445 | |
| 18 | Other Equity | 1,71,820 | ||||
| 19 | Earnings per Share (in Rs.) | |||||
| (Face value of Re 1/- each) (not Annualised except for the year ended | ||||||
| March 31, 2021)Limited | 1.75 | 1.97 | 0.88 | 10.23 | ||
| (a) Basic(b) Diluted | 1.75 | 1.97 | 0.88 | 10.23 | ||
| $6 - 700107$(c) Cash | 3.62 | 3.84 | 2.54 | 18.48 | ||
Separation Separn
$AD$
NOTES TO CONSOLIDATED FINANCIAL RESULTS
- The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 2nd August, 2021.
The Limited Review of the results for the Quarter ended 30th June, 2021 as required under Regulations 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015, has been completed by the Statutory Auditor of the Company."
- Considering the Dynamic market condition, the management had revised the useful life of Tangible assets related to Moulds from 10 years to 7 years during the previous year resulting in an increase in depreciation by Rs. 285 lacs for the quarter ended 30 June, 2021.
Also, useful life of Intangible assets related to acquired Brands and Trademarks was revised from 10 years to 7 years during the previous year resulting in an increase in amortisation by Rs. 3,330 lacs for the quarter ended 30 June, 2021.
- The above consolidated financial results includes unaudited/unreviewed interim financial results and other unaudited financial information in respect of three (3) subsidiaries, whose interim financial results and other financial information reflect total revenues of Rs 197 lacs, total net loss after tax of Rs. 53 lacs, total comprehensive loss of Rs. 53 lacs, for the quarter ended June 30, 2021 and one (1) associate, whose interim financial results includes the Group's share of net loss of Rs. 138 lacs and Group's share of total comprehensive loss of Rs. 138 lacs for the quarter ended June 30, 2021.
The management believes that there would not be any significant impact, had these financial information been subjected to limited review by the auditors.
- The Code on Social Security, 2020 ('Code') relating to employee benefits during 4. employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Holding Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.
-
- During the quarter, Company had made further investment aggregating Rs 5,000 lacs in its associate i.e. Helios Lifestyle Private Limited (Helios) by subscribing to its Equity Shares, which has resulted in increase in Company's stake in Helios from 33.09% to 45.96%.
-
- Recently, there has been a spike in the COVID-19 cases again in some of the countries and as a result, all these countries are currently closely monitoring the situation. Some of the countries have imposed restrictions on the free flow of public in their respective countries in varied manner. The management is monitoring the situation closely and is operating its plants and depots with the required workforce as permitted by the respective
ami Limite Sepenn $\eta$ anut
Governments. The management has made an initial assessment, based on the current situation, of the likely impact of the COVID-19 on overall economic environment and on the Group, in particular, based on which it expects the demand to remain stable; and further, does not anticipate any challenge in the Group's ability to continue as a going concern or meeting its financial obligations. The Group has considered the possible effects that may arise out of the still unfolding COVID-19 pandemic on the carrying amounts of property, plant & equipment, intangible assets, investments, inventories, trade receivables, etc. and the Group does not expect any significant impact on such carrying values. However, the above evaluations are based on internal and external information available upto the date of approval of these financial results, which are very dynamic and subject to uncertainties that COVID-19 outbreak might pose on economic recovery.
-
- The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to March 31, 2021 and the unaudited published year-to-date figures up to December 31, 2020, being the date of the end of the third quarter of the financial year, which were subjected to limited review.
-
- As the Group business activity falls within a single operating segment, viz, "Personal and Healthcare", no separate segment information is disclosed.
- Company's 9. These financial results are available on the website at http://www.emamiltd.in.
For and on behalf of the board
SGOUL

Place: Kolkata Date: 2nd August, 2021
Sushil Kr. Goenka Managing Director
Tel: +91 33 6134 4000 Chartered Accountants
22, Camac Street 3rd Floor, Block 'B' Kolkata – 700 016, India
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to The Board of Directors Emami Limited
-
- We have reviewed the accompanying statement of unaudited standalone financial results of Emami Limited (the "Company") for the quarter ended June 30, 2021 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
-
- This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
-
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
-
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
Chartered Accountants
5. Emphasis of Matter paragraph
We draw attention to note 6 to the standalone financial results, which describes the uncertainties and potential impact of the Covid-19 pandemic on the Company's operations and results as assessed by the management. The actual results may differ from such estimates depending on future developments. Our conclusion is not modified in respect of this matter.
For S.R. BATLIBOI & CO. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005
Sanjay Kumar Agarwal
Digitally signed by Sanjay Kumar Agarwal DN: cn=Sanjay Kumar Agarwal, c=IN, o=S R Batliboi & Co. LLP, ou=Assurance, email=[email protected] Date: 2021.08.02 13:37:47 +05'30'
___________________________________
per Sanjay Kumar Agarwal Partner Membership No.: 060352
UDIN: 21060352AAAACR8393
Place : Kolkata Date : August 02, 2021
EMAMI LIMITED CIN No: L63993WB1983PLC036030
Regd. Office :- Emami Tower, 687 Anandapur, E. M. Bypass, Kolkata 700 107, West Bengal
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE' 2021
$\overline{z}$ in Lace
| у пі пасэ | ||||||
|---|---|---|---|---|---|---|
| S.N. | PARTICULARS | Quarter Ended | Year Ended | |||
| 30.06.2021 | 31.03.2021 | 30.06.2020 | 31.03.2021Audited | |||
| Unaudited | Audited(Refer note 8) | Unaudited | ||||
| $\mathbf{1}$ | Income: | |||||
| (a) Revenue from Operations | 60,809 | 64,846 | 43,459 | 2,58,228 | ||
| (b) Other Income | 3,208 | 4,640 | 4,219 | 10,405 | ||
| Total Income | 64,017 | 69,486 | 47,678 | 2,68,633 | ||
| 2 | Expenses: | |||||
| (a) Cost of Materials Consumed | 17,819 | 18,179 | 9,600 | 67,982 | ||
| (b) Purchases of Stock-in-trade | 3,509 | 7,037 | 3,294 | 17,429 | ||
| (c) (Increase)/ Decrease in Inventories of Finished Goods, Stockin trade and Work-in-Progress | (416) | (709) | 2,182 | (816) | ||
| (d) Employee Benefits Expense | 7,313 | 6,530 | 6,630 | 26,675 | ||
| (e) Advertisement and Sales Promotion | 9,548 | 10,007 | 4,637 | 34,409 | ||
| (f) Other Expenses | 6,787 | 8,514 | 5,584 | 28,217 | ||
| Total Expenses | 44,560 | 49,558 | 31,927 | 1,73,896 | ||
| 3 | Earnings before Interest, Depreciation & Amortisation and Tax$(1-2)$ | 19,457 | 19,928 | 15,751 | 94,737 | |
| $\overline{4}$ | Finance Costs | 32 | 443 | 425 | 1,201 | |
| 5 | Profit After Finance costs but before Depreciation &Amortisation and Tax (3-4) | 19,425 | 19,485 | 15,326 | 93,536 | |
| 6 | Depreciation & Amortisation Expense: | |||||
| a. Amortisation of Intangible assets (Refer note 4) | 5,957 | 5,889 | 5,538 | 26,767 | ||
| b. Depreciation of Tangible assets (Refer note 4) | 2,063 | 2,097 | 1,670 | 8,820 | ||
| c. Depreciation of Right of Use Assets | 130 | 133 | 132 | 527 | ||
| $\overline{7}$ | Profit before Tax (5-6) | 11,275 | 11,366 | 7,986 | 57,422 | |
| 8 | Tax Expense: | |||||
| Current Tax (MAT) | 1,978 | 2,241 | 1,267 | 10,034 | ||
| $\mathbf Q$ | Deferred Tax charge/ (credit) | (125) | ||||
| 10 | Profit for the period/Year (PAT) (7-8)Other Comprehensive Income: | 9,297 | 9,125 | 6,719 | 47,513 | |
| Items that will not be reclassified to Profit or Loss in subsequent | 2,774 | 1,646 | 2,348 | 5,965 | ||
| periodsIncome tax relating to items that will not be reclassified tostatement of profit and loss | (9) | (17) | (4) | (27) | ||
| 11 | Total Comprehensive Income for the period/Year (9+10) | 12,062 | 10,754 | 9,063 | 53,451 | |
| 12 | Cash Profit (Profit for the period/Year + Depreciation &Amortisation) $(9 + 6)$ | 17,447 | 17,244 | 14,059 | 83,627 | |
| 1314 | Paid - up Equity Share Capital (Face Value - Re 1/- per Share)Other Equity | 4,445 | 4,445 | 4,456 | 4,4451,71,488 | |
| 15 | Earnings per Share (in Rs.) | |||||
| (Face value of Re 1/- each) (not Annualised except for the yearended March 31, 2021) | ||||||
| (a) Basic | 2.09 | 2.05 | 1.49 | 10.68 | ||
| (b) Diluted | 2.09 | 2.05 | 1.49 | 10.68 | ||
| (c) Cash | 3.93 | 3.88 | 3.12 | 18.81 |
Whami Limited Sgoenro Brass * $+681$ Kol-700107 Mandaour, E.M.
NOTES TO STANDALONE FINANCIAL RESULTS
- The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 2nd Aug, 2021.
The Limited Review of the results for the Quarter ended 30th June, 2021 as required under Regulations 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015, has been completed by the Statutory Auditor of the Company.
-
- As at March 31, 2021, the Company had provisions aggregating Rs.6,220 lacs towards impairment of investments, receivables etc. in its wholly owned subsidiary "Emami International FZE, Dubai". Such provisions are adjusted based on the profit earned / loss incurred by the subsidiary on periodic basis. Accordingly, during the quarter ended June 30, 2021, there has been a reversal of said provision by Rs.12 lacs on the basis of performance of the subsidiary for the quarter and credited to 'other income'. However, this does not have any impact in the consolidated financial results of the Group.
-
- The financial results of the Company have been prepared in accordance with the Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended.
-
- Considering the Dynamic market condition, the management had revised the useful life of Tangible assets related to Moulds from 10 years to 7 years during the previous year resulting in an increase in depreciation by Rs. 285 lacs for the quarter ended 30 June, 2021.
Also, useful life of Intangible assets related to acquired Brands and Trademarks was revised from 10 years to 7 years during the previous year resulting in an increase in amortisation by Rs. 3,330 lacs for the quarter ended 30 June, 2021.
-
- During the quarter, Company had made further investment aggregating Rs 5,000 lacs in its associate i.e. Helios Lifestyle Private Limited (Helios) by subscribing to its Equity Shares, which has resulted in increase in Company's stake in Helios from 33.09% to 45.96%.
-
- Recently, there has been a spike in the COVID-19 cases again in across the Country and as a result all the states are currently closely monitoring the situation. Some of the states have imposed restrictions on the free flow of public in their respective states in varied manner. The management is monitoring the situation closely and is operating its plants and depots with the required workforce as permitted by the Government. The management has made an initial assessment, based on the current situation, of the likely impact of the covid-19 on overall economic environment and on the Company, in particular, based on which it expects the demand to remain stable; and further, does not anticipate any challenge in the Company's ability to continue as a going concern or meeting its financial obligations. The Company has considered the possible effects that may arise out of the still unfolding COVID-19 pandemic on the carrying amounts of property, plant & equipment, intangible assets, investments, inventories, trade

SGoener
receivables, etc. and the Company does not expect any significant impact on such carrying values. However, the above evaluations are based on internal and external information available upto the date of approval of these financial results, which are very dynamic and subject to uncertainties that COVID-19 outbreak might pose on economic recovery.
-
- The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.
-
- The figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to March 31, 2021 and the unaudited published year-to-date figures up to December 31, 2020, being the date of the end of the third quarter of the financial year which were subjected to limited review.
-
- As the Company's business activity falls within a single operating segment, viz, "Personal and Healthcare", no separate segment information is disclosed.
-
- These financial results available Company's website are on the at http://www.emamiltd.in.
For and on behalf of the board
Place: Kolkata Date: 2nd August, 2021
Sepenn
Sushil Kr. Goenka Managing Director
