Page 3 - Emami

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%

Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV

Stocks to Watch Today: Shares of Apollo Tyres, Bharat Forge, Grasim, Indiabulls Housing Finance, IRCTC , MMTC, MTNL, SpiceJet and Strides Pharma are likely to see some action owing to Q2 results.

Emami Sept quarter net flat at Rs 184 crore, pre-tax profit dips 18%

Company says gross margins shrank 230 bps in Q2FY23 due to inflationary pressures and an unfavourable portfolio mix due to extraordinary high sales of pain management products last year

Emami aims to stay 'deeply invested' in Ayurveda, achieve competitiveness

FMCG firm Emami aims to achieve higher levels of competitiveness in the present volatile economic environment and intends to "stay deeply invested" in its core area of Ayurveda, its Chairman R S Goenka said on Friday. The Kolkata-headquartered company will emphasise on packaging innovations especially for LUPs (low unit packs) and bridge packs to drive up consumption amongst lower-end consumers amidst increasing inflation, Goenka said at the company's annual general meeting. While focus on analytics and technology in sales and distribution will be further strengthened to drive the business ahead, Goenka said. "Talking about our future roadmap, your company aims to achieve higher levels of competitiveness in a volatile economic environment," he said. Emami, which owns Zandu Ayurveda and has a portfolio of over 300 products based on Ayurvedic formulations across its brands, believes "Ayurveda will continue to be more relevant," he said. Citing a report from market research firm IMAR

Emami Q1 net profit down 7% to Rs 72.69 crore due to high inflation

The company had posted a PAT of Rs 77.79 crore in April-June 2021-22, Emami said in a regulatory filing

Emami acquires 30% stake in a pet-care startup Cannis Lupus Services

Leading FMCG company Emami on Thursday announced to acquire a 30 per cent stake in a pet-care startup Cannis Lupus Services India for an undisclosed amount. Cannis Lupus Services India offers Ayurvedic remedies for pets under the brand "Fur Ball Story". It uses a wide range of plants and herbs to formulate its medicines, said a joint statement. "The extensive knowledge and experience of pet care and pet training acquired by Cannis Lupus over the years would be helpful in developing and scaling up the business soon. Cannis Lupus under the brand 'Fur Ball Story' would thus be focusing on the fast-growing pet care segment with its Ayurvedic range," the statement added. Emami Vice Chairman and Managing Director Harsha V Agarwal said the pet care segment in India is witnessing rapid growth. Now, with rising disposable income, more people are getting house pets, especially dogs. "Further, with increasing awareness of the psychological & physical benefits of having a pet at home, people .

From Jio to TVS, generational change sweeps through India Inc's boardrooms

From rotating chairmanship to handing over firm to professionals, top family businesses have tried different formulae to ensure smooth transition

Emami Realty aims for 50% sales growth to Rs 750 crore in FY23

The real estate arm of the diversified Emami Group has targeted retiring its long-term debt by 2023-24, which is now pegged at Rs 118 crore, a top company official said

With melas and pilgrimages back, brands roll out new experiences

Rather than simply putting up hoardings and banners or setting up stalls, companies are going for innovative ways to strike a chord with their target audience in small towns and villages

Emami acquires Dermicool brand for Rs 432 crore; stock hits 52-week low

The stock of Emami has underperformed the market by falling 23 per cent in the past six months, as compared to a 5 per cent decline in the S&P BSE Sensex.

Stocks to Watch: PVR, Inox, Airtel, Emami, DLF, HDFC Bank, Gail India, PSUs

PVR and INOX Leisure are likely to be in focus after the two mega multiplex owners announced an all-stock merger on Sunday.

Emami acquires Dermicool prickly heat talc brand from Reckitt for Rs 432 cr

Deal will be funded through internal accruals, is the biggest by Emami after 'Kesh King' hair and scalp products (2015), and Zandu Pharma (2008)

Emami acquires Dermicool brand from Reckitt for Rs 432 crore

FMCG major Emami on Friday said it has acquired the 'Dermicool' brand from Reckitt for a total consideration of Rs 432 crore. The acquisition is funded through internal accruals and is subject to the customary closing conditions, the company said in a statement. The Dermicool brand is popular for providing respite from the prickly heat caused during summers. "We are very happy to announce the acquisition of Dermicool brand, which offers great synergy with our existing businesses and is a perfect strategic fit. It will strengthen our presence to make us #1 in the prickly heat powder & cool talc category," Emami Ltd Director Harsha V Agarwal noted. Emami, as one of its core business strategies, has always been open to growth through inorganic route. The company considers acquisitions that not only add value and have synergy with the current line of businesses, but also offer opportunities for the organisation to be present in categories that have high growth potential, it ...

Benchmarks fall 15% from record peak, end at 8-mth low; Sensex dips 1491pts

On the NSE, the Nifty50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent