Page 3 - Emami

Operations in Bangladesh stabilised, people rejoining factory: Emami CFO

Homegrown FMCG major Emami has said its operations in Bangladesh have stabilised as people have rejoined the factory and production has resumed. Replying to queries at the AGM, Emami CFO Naresh Bhansali said the business was impacted in Bangladesh due to political turmoil, and the company expects operations to normalise over a period of time. "Last month was very turbulent. But it (operation) has stabilised now. People have joined back work, factory has resumed operations. The market has also opened," Bhansali said while replying to a query from the shareholder. The company does not see a big impact on its overall business from the Bangladesh operations. "Bangladesh will also come back on the same growth trajectory path over a period of time. The new Government, which we expect to get established in some time, will hopefully give political stability and we expect the business to resume soon. We do not expect any market share or any loss there," the CFO said. Emami has one ...

Committed to double-digit growth in FY25, exploring opportunities: Emami

Home-grown FMCG major Emami is looking for double-digit growth in the current fiscal year and will keep exploring inorganic and strategic opportunities to enter into new product categories, its Chairman R S Goenka said. Emami's focus will be to grow revenues with robust margins, generating adequate cash flows to reinvest in the business and strengthening sustainability, he said while addressing the AGM of the company. The company remains "optimistic about future growth" supported by a favourable economic landscape, forecast of a normal monsoon, anticipated rural market recovery, government initiatives, and promising macroeconomic factors, contributing to a "confident outlook", Goenka added. "We are committed to achieve double-digit growth in the new financial year," he said. Besides, Emami which has made some acquisitions in the past -- AloFrut, Creme21 and Zandu, will continue to explore such growth opportunities allowing it to enter into a new segment and expand its play area. "

Factory ops resume in Bangladesh, Emami pins hope on political stability

Emami is targeting double-digit growth in its international business in FY25. In FY24, international business grew by 12 per cent in constant currency and 9 per cent in INR terms

Emami's 45% top-line comes from acquired brands, non-rural revenue increase

Home-grown FMCG firm Emami's 45 per cent top-line in FY24 came from acquired brands, and non-seasonal brands contributed 56 per cent of its revenue, according to the latest annual report of the company. Now Emami is graduating from being a seasonal and rural-focused company to a "perennial and universal" organisation and has been positioning itself by taking a consumer-centric approach, said Vice Chairman and Managing Director Harsha V Agarwal. "This is evident in the fact that pain management, Fair and Handsome, Kesh King, and strategic investments generate non-seasonal revenues; the proportion of revenues derived from non-seasonal brands is a high 56 per cent today from 51 per cent in FY2019-20," said Agarwal, addressing shareholders. Besides, the proportion of revenues coming out of non-rural geographies has increased. "The company's effective positioning is consumer-centric (as opposed to product-centric), addressing challenges faced by consumers," he said. The emerging Emami

Emami Q1 results: PAT rises 10.13% to Rs 150.6 cr on domestic market growth

Homegrown FMCG major Emami Ltd on Thursday reported a 10.13 per cent rise in its profit after tax to Rs 150.6 crore for the June 2024 quarter, led by volume growth in the domestic market and expansion in margins. The company had posted a PAT of Rs 136.75 crore in the April-June quarter a year ago, according to a regulatory filing. Emami's revenue from operations was up 9.73 per cent to Rs 906.07 crore during the quarter under review. It was Rs 825.66 crore in the corresponding quarter a year ago. The company's total expenses were Rs 689.56 crore, up 8.4 per cent in the June quarter of FY24. Its total income, which includes other revenue, rose 9.9 per cent during the period under review to Rs 916.53 crore. "Domestic Business also grew by 10 per cent with a healthy volume growth of 8.7 per cent," Emami said in its earning statement. Modern trade, e-commerce and institutional channels continued to post strong growth, while general trade also rebounded to positive territory, it added

Nuvama says 'Buy' Emami stock for 20% upside; eyes strong growth in FY25

Analysts reckon Emami shall deliver a strong FY25, with near double-digit top-line growth and margin expansion

Emami Realty Q4 results: Consolidated net loss at Rs 70.38 cr on expenses

Emami Realty on Thursday reported a consolidated net loss of Rs 70.38 crore in the quarter ended March on higher expenses. Its net loss stood at Rs 15.30 crore in the year-ago period. Total income fell to Rs 29.97 crore in the fourth quarter of the last fiscal from Rs 45.61 crore in the corresponding period of the previous year, according to a regulatory filing. During 2023-24 fiscal, the company's net loss stood at Rs 122.93 crore as against a loss of Rs 38.63 crore in the preceding year. Total income also declined to Rs 99.32 crore in the last fiscal from Rs 131.29 crore in the 2022-23 fiscal. Emami Realty is part of business conglomerate Emami Group.

Emami Q4 results: Net profit rises 3.6% to 146.75 cr, revenue up 6.6%

Homegrown FMCG major Emami Ltd on Wednesday reported an increase of 3.62 per cent in its Profit After Tax (PAT) to Rs 146.75 crore for the fourth quarter that ended on March 31, 2024. The company's PAT for the same quarter of the previous fiscal stood at Rs 141.62 crore, according to a company regulatory filing. Emami's revenue from operations for the quarter under review was Rs 891.24 crore, up 6.61 per cent from Rs 835.95 crore in the same quarter last year. "The Company achieved volume-led profit growth in the fourth quarter, said an earning statement from Emami. Its EBIDTA stood at Rs 211 crore grew by 6 per cent, the FMCG firm said. Emami's total expenses were Rs 680.26 crore, up 7 per cent in the March quarter of FY24. Its domestic business grew 8 per cent registering a volume growth of 6.4 per cent, it said. "Major brands like BoroPlus, Pain Management range, Healthcare range, 7 Oils in One, The Man Company and Brillare performed strongly during the quarter, said ...

Legal fairness prevails: Calcutta HC restrains HUL's 'Glow & Handsome' mark

Emami and HUL have been embroiled in a legal battle over the use of the 'Glow & Handsome' mark for four years

Emami Q3 results: Net profit rises 8.9% to Rs 258.41 cr, revenue up 1.38%

Emami said the third quarter witnessed subdued demand trends, particularly in rural markets

Emami Q3 results: PAT up 12% at Rs 261 cr due to reduced input costs

FMCG major Emami Ltd on Friday reported 11.88 per cent rise in consolidated profit after tax at Rs 260.65 crore for December quarter 2023-24, helped by improvement of margins due to reduced input costs. The company had logged a net profit of Rs 232.97 crore in October-December FY23, according to a regulatory filing from Emami. Revenue from operations was up 1.38 per cent to Rs 996.32 crore during the quarter under review as against Rs 982.72 crore in the corresponding quarter. Revenue was flat in the domestic business. However, non-winter products grew 5 per cent. The international business delivered a constant currency growth of 11 per cent, said the Kolkata-headquartered firm in its earning statement. On margins, Emami said due to reduced input costs, the company experienced a noteworthy enhancement in gross margins, reaching 68.8 per cent, reflecting a substantial expansion of 290 basis points during the quarter. In December quarter, EBITDA was Rs 315 crore, higher by 7 per cen

Half a century on, Emami group to identify new sectors for growth

In the last 50 years, it has traversed the journey from a start-up cosmetics company with four products to more than 500 across a Rs 30,000 crore group with diverse business interests

Emami Q2FY24 result: Net profit falls 3% to Rs 178.5 crore, revenue up 6%

In September, Emami announced the acquisition of a 26% stake in Axiom Ayurveda, which markets beverage products under the brand 'AloFrut'

Tailwinds point to better prospects for Emami; FY24 may see recovery in biz

The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion

Stocks to Watch today: Adani Group, TVS, Bajaj Auto, ICICI Lombard, Emami

Stocks to watch on Friday, September 29, 2023: Shares of Adani Group to be in focus amid reports that Abu Dhabi conglomerate IHC plans stake stake in Adani Green and Adani Energy Solutions.

Higher growth, margin expansion likely to drive further gains for Emami

Valuations, reduction in share pledge are the other triggers for the stock

Emami expects good growth in personal care, healthcare businesses

Emami Ltd vice-chairman and MD Harsha V Agarwal expressed confidence on Tuesday that the FMCG player will have good growth from its personal care and healthcare businesses in the years ahead and the firm expects to grow at 27.9 per cent compound annual growth rate (CAGR) from 2021 to 2027. Emami which saw its net profit dipping in the year gone by expects its margins to bounce back on the back of inflation moderating. "The international business seems to have stabilised and is projected for healthy double-digit growth. We invest for the long-term and we will continue investing across e-commerce, modern trade, international business, people and distribution, etc," Agarwal said in his speech to shareholders at the annual general meeting. "The outlook at Emami continues to be positive. With inflation moderating, we do not foresee any cost pressures ahead; margins are likely to bounce back during the current year. With the rural outlook continuing to be sound, we are confident of good .

FMCG firm Emami Ltd bets on demands in rural markets to grow in FY24

FMCG major Emami Ltd is looking to grow in the current financial year riding on the improving demands in the rural markets, a senior company official said on Friday. Speaking to PTI, Emami's CEO of Finance, Strategy and Business Development NH Bhansali said the company will focus on expanding its core business with brand extensions, and also look for acquisition opportunities. "There have been numerous challenges and volatile times for the sector, but now we are witnessing a gradual easing of inflationary pressure and a resurgence in GDP growth. Consequently, we anticipate favourable conditions ahead, especially for the FMCG sector," he said. "While the urban market has shown consistent growth, we are also seeing promising signs of recovery in rural demand after enduring significant difficulties. Therefore, we expect a progressive improvement in rural demand in the foreseeable future. Furthermore, a normal monsoon will provide the necessary impetus for the overall business," he ...

Manipal Health Enterprises, Emami Group break logjam on AMRI Hospitals

Reportedly, Max Healthcare had entered the fray for AMRI Hospitals, offering a better bid than Manipal Health's Rs 1,800-crore offer for AMRI

Emami net profit up 7.8% at Rs 237.13 cr, says rural demand slowing

Domestic business grows one per cent in the quarter; international by 7%