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Both topline and bottomline have registered handsome growth at around 14 per cent and 49 per cent, respectively," Emami Ltd Director China Foldable Gazebos for sale Mohan Goenka said.He further said post GST (Goods and Services Tax), the wholesale channels are yet to recover completely from the impact, which the company expects to improve in the second half of the year.Revenue from operations, including GST, during the quarter was Rs 712.48 crore. It was Rs 625.34 crore in the year-ago period."Despite a challenging business environment, the company reported steady growth during the quarter delivering a robust volume growth of 10 per cent with total revenues (including GST/ VAT) growing by 14 per cent," Emami said.Destocking in CSD and wholesale channel disruption, however, continues, it added. Shares of the company closed 2.04 per cent up at Rs 1,160 on BSE.
Nashik: Onion prices crashed by Rs 4 to Rs 6 per kg in wholesale onion markets in Nashik on Friday. Though a few farmers claimed that traders were pressurised to buy in less quantity, market experts said that the price decrease was due to the arrival of ‘lal’ onion.Prices for the stored ‘unhal’ variety onion had increased by nearly Rs 6 per kg on October 23 as there was less availability of the freshly harvested ‘lal’ variety onion and other factors like exhausting stocks.In Lasalgaon Agriculture Produce Market Committee (APMC) onion was traded at Rs 28.50 per kg on Friday compared to Rs 32.25 per kg on 24 October while in Yeola onion was traded at Rs 27.00 per kg on Friday compared to Rs 33.26 per kg on October 23. Rates in other APMC markets were similar.Chandwad APMC Chairman Dr Atmaram Kumbharde said that the harvest of ‘lal’ variety of onion was delayed due to inclement climate, but still, large stocks arrived in the market and prices decreased.