Moneycontrol Be a Pro
Get App
Last Updated : Aug 12, 2019 05:12 PM 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 August 08, 2019.

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

Sharekhan's research report on Emami

Consolidated revenue grew by ~6% y-o-y, driven by a 34% growth in international business (10% organic growth), while domestic business grew by just 2%. Gross margins remained stressed; lower ad spends helped OPM expand by 109 bps. Domestic business grew in single-digits for the fourth consecutive quarter; we expect revival to take time as categories such as healthcare and male grooming products are yet to see material improvement.


We maintain our Hold rating with revised 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.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Aug 12, 2019 05:12 pm
Follow us on
Available On