Business Standard

Emami stock: Management sees margin pressure amid a decline in net profit

While Q2 revenue growth was flat and net profit declined 16%, management has indicated margin pressure in near term


Emami building | Photo: Wikipedia

Shreepad S Aute
Emami's stock valuation, in terms of price-to-earnings ratio, may be at the lower end of the fast-moving consumer goods pack, but it is unlikely to improve any time soon. While the rise in proportion of promoters' pledged shares, which the management expects to reduce in next 2-3 weeks, has weighed on sentiment so far, the disappointing September 2018 (Q2) performance announced on Tuesday could add pressure on the stock.   

The skin and healthcare major's consolidated top-line was flat at the year-ago level of Rs 6.3 billion, while net profit fell 16 per cent to Rs 826.8 million in Q2,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 30 2018 | 10:17 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to