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Emami Ltd has taken up a capital-expenditure plan of Rs 75 during the current financial year to expand capacity and control costs.
Mr Harsh Agarwal, whole-time director of the company, told Business Line on Saturday that steps to reduce costs on inputs procurement, packaging and logistics have been initiated.
“The capex budget would also encompass expansion of production capacities and change in packaging of certain items,” he added.
It has appointed Ernst & Young to advise on cost-controls in the areas of e-procurement, packaging and logistics.
The company has begun pilot contract-farming projects of menthe in Uttar Pradesh and Madhya Pradesh.
The capacity of four facilities at Pantnagar in Uttrakhand will be expanded. It has decided to set up a new plant and a research-and-development centre in Kolkata, and revamp production process in two units at Vapi and Masat in Gujarat.
Emami reported a net-sales growth of 24 per cent in the first quarter ended June 30 at Rs 300 crore and its profit after tax went up 17.7 per cent at Rs 41.5 crore year-on-year. Exports at Rs 34 crore during the quarter went up 31.2 per cent.
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