₹22.75 crore in the March quarter, down 59.4% from the year ago period due to a sharp decline in demand.Revenue for the March quarter for the maker of Navratna oil and BoroPlus cream stood at ₹532.68 crore, down 16.81% from the same quarter last year.“The pandemic and the lockdown led to a sharp decline in consumption due to rising unemployment and a significant drop in demand from low-income groups.
The pandemic also led the consumer shift towards more essential items like food, groceries and hygiene products thereby affecting the sale of the company’s niche and discretionary line of products," the company said in a statement to the press on Friday.For the full year, Emami posted a 1.4% decline in FY20 revenue at ₹2,654.88 crore largely on.