Page 6 - Emami

Breather for Hindustan Unilever: Emami asked to give 7-day notice

HUL in its application said the defendant (Emami) should give it at least seven days prior written notice before initiating any legal proceedings in any court

Top headlines: States on GST compensation, Emami questions HUL & more

From states divided on alternative GST compensation, Emami questioning changing of 'Fair and Handsome' name to startups helping tenant amid Covid-19, here are the top headlines of the day

Emami questions Hindustan Unilever's fairness over skin cream rebranding

Emami said it had trademark rights over the name and that it was consulting legal experts on the matter.

HUL names men's skincare brand as 'Glow and Handsome'; Emami objects

Emami has also hinted at taking legal action as it has already changed its men's fairness cream's name

Street cheers Emami's plan to cut pledged shares despite tepid Q4 show

Rerating hinges on structural step-up in business

Emami shares slip 6% as March quarter profit more than halves

Profit after tax during the quarter fell to Rs 23.36 crore from Rs 56.15 crore in the year-ago quarter

Cosmetic changes

Brands need to start reshaping consumer opinion

Emami's March-quarter net profit down 59.5% to Rs 23 crore

Homegrown FMCG firm Emami Ltd on Friday reported a 59.44 per cent decline in its consolidated net profit to Rs 22.75 crore for the March quarter due to decline in sales because of coronavirus-induced lockdown. The company had posted a net profit of Rs 56.09 crore during the January-March quarter of 2018-19,Emami said in a regulatory filing. Its revenue from operations was down 16.81 per cent to Rs 532.68 crore during the quarter under review as against Rs 640.35 crore in the corresponding period of the previous fiscal. 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 Kolkata-based firm said. This led the consumers shift towards more essential items like food, groceries and hygiene products thereby affecting the sale of its discretionary line of products. All these developments arising out of an unprecedented and extraordinary environment that prevailed across the globe, impac

Why lowering promoter pledging is not enough to fire up Emami stock

Sale of group's non-core assets is a plus, but sustainable growth is vital to command higher valuation

Covid-19 impact: Restrictions on movement still a pain point for FMCG firms

According to the Federation of West Bengal Truck Operators' Association (FWBTOA), truck availability has only improved marginally around 10 per cent of a total 9 million trucks in India.

Dabur, Himalaya witness spike in sales of Ayurvedic products amid Covid-19

For Himalaya, the surge in demand has been seen particularly in its Pure Herbs range such as Guduchi, Tulasi, Amalaki, Ashwagandha and others

Low valuations don't make Emami a cool bet; investors advised caution

In the past 1-2 years, Emami has seen muted volume off-take, thanks to higher dependence on wholesale distribution and competitive pressures

Delta Corp, Emami: Share buyback via open market route at seven-year high

Thus far in CY20, 20 companies have announced buyback of their shares, of which, 14 firms have proposed to buyback from open market route

Hindustan Unilever's valuation premium over peers hits record high

Trading at 77x, its trailing 12-month net profit against industry average of about 43x

Fewer hits than misses in FMCG as demand and supply concerns weigh

While hygiene and home care segment, rural-focused players could see better demand, a large portion coming from non-essential products means topline will be impacted

Emami share buyback size may be Rs 900-1000cr, board to meet on Mar 19

The buyback could raise promoter stake to about 58 per cent, sources said

Slowdown forces Emami to delay new launches, male-grooming range hit badly

the underperformance of winter portfolio, decline in male grooming range lead to flat Q3 revenue growth

ITC, Emami shift focus to rural markets to combat low consumer sentiment

Nearly all FMCG companies like Marico, HUL, ITC and the rest have been indicating that the operating environment has been challenging, with drop in consumption, especially in rural areas

FMCGs scale-up rural distribution networks to combat economic slowdown

In view of the ongoing slowdown, which has impacted demand in rural India, ITC doubled its rural stockist network in the current fiscal year

Emami Group inches closer to freeing its entire Rs 2,600-cr debt: Report

Speculation is also rife that the group would soon seal the deal for its cement business at a valuation ranging between Rs 6,000 crore and Rs 7,000 crore