Emami Acquires Stake In Tru Native F&B

Emami, an Indian personal care and healthcare company on Saturday said that it has acquired a 19 per cent equity stake in Tru Native F&B (TruNativ) for an undisclosed consideration.  Tru Native F&B markets nutrition products under the brand “TruNativ”. Inspired by the government’s vision of providing holistic nutrition to Indians under its POSHAN Abhiyaan, “Tru Nativ F&B” is a nutrition company that aims to empower health and fitness enthusiasts with affordable and healthy food and beverages options, according to the official statement.  Harsha V Agarwal, Director, Emami said, “We…

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Emami Played Contrarian To Market Sentiments: MD

Homegrown FMCG company Emami Limited took a contrarian view in a weak consumer market caused by the pandemic, it”s MD Sushil Goenka said. Goenka said in the company”s annual report that most companies would have deferred launches of new products in such a weak market. But Emami went ahead with 40 new launches in the domestic market last fiscal, he added. “This contrarian streak had helped Emami to capture consumer attention and expanded its product portfolio”, he stated. Goenka said Emami will continue to adopt this contrarian stance, new products…

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Emami Q1 Profit Soars Nearly Two-Folds On Robust Sales

Homegrown FMCG major Emami Ltd on Monday reported a nearly two-fold jump in consolidated profit after tax to Rs 77.79 crore in the first quarter ended on June 30 driven by robust sales amid disruptions due to COVID-19 second wave. The company had posted a consolidated profit after tax of Rs 39.58 crore in the same period of last fiscal, Emami Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 660.95 crore as against Rs 481.34 crore in the year-ago period, it added. The second wave…

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