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Kolkata-based FMCG major Emami Ltd will look to make operational its greenfield facility in Guwahati by the end of this fiscal.
Coming up at an estimated cost of ₹300 crore, this will be the company’s third facility in the region.
“We are augmenting our manufacturing capacity by investing around ₹300 crore in the new Guwahati plant. It is expected to be operational by FY17,” Harsh V Agarwal, Director, Emami Ltd, said in a press release.
The company reported an over 52 per cent dip in standalone net profit to ₹64 crore for the quarter ending March 2016, against ₹132 crore in the previous year period. The dip in Q4 net follows the amortisation of intangibles of ₹73 crore post acquisition of Kesh King. Emami had acquired Kesh King and allied brands in June 2015 for ₹1,684 crore.
On a consolidated basis, net profit dipped nearly 45 per cent to ₹76 crore (₹138 crore).
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