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Emmbi's management is optimistic on the medium-term outlook as the rebound in manufacturing confidence aligns with better global trade activity and rising consumer confidence
Emmbi stands to benefit from the reopening of the economy and the management is fairly optimistic on the growth outlook for the next 4-5 quarters
The conservative style of Emmbi Industries in terms of cash flows and investments provides additional comfort in these challenging times
Net Sales are expected to decrease by 4.8 percent Q-o-Q (up 12.6 percent Y-o-Y) to Rs 60.2 crore, according to KR Choksey. Emmbi Industries to report net profit at 4 crore up 34.9% year-on-year.
Margin contraction in the fourth quarter of FY16 could be attributed to an increase in crude oil and polymer prices, says Makrand Appalwar, Chairman and Managing Director of Emmbi Industries.