Moneycontrol Be a Pro
Get App
Last Updated : Nov 12, 2019 11:05 AM IST | Source:

Hold Emami target of Rs 352: Sharekhan

Sharekhan recommended Hold rating on Emami with a target price of Rs 352 in its research report dated November 06, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Emami

Consolidated revenue grew by ~5% y-o-y, driven by a 20% growth in international business (organic growth was 7%), while domestic business grew by 3.4%; domestic volumes stood flat. Gross margins improved by 111 BPS due to benign raw material costs; higher other expenses dragged down the OPM 58 bps to 29.2%. Domestic business grew in single-digits for the fifth consecutive quarter; the management expects growth in H2FY2020 to be at 10-12% in backdrop of good winter season.


We broadly maintain our earnings estimates for FY2020/21; maintain our Hold rating on the stock with an unchanged PT of Rs. 352.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Nov 12, 2019 11:05 am
Follow us on
Available On