Valuation re-rating, backed by improved financial performance, offers comfort.
The firm also re-designated Mohan Goenka and Harsha V Agarwal as Vice Chairman-cum-Whole Time Director and Vice Chairman-cum-Managing Director respectively.
Emami said that it had already launched 'Emami Glow and Handsome' a week ago, even as HUL renamed its skin care brand for men as 'Glow and Handsome'
Bonanza is bullish on Emami Limited Ltd has recommended Buy rating on the stock with a target price of Rs 1392 in its research report dated January 31, 2018
Net profit is likely to be down 23 percent at Rs 44 crore against Rs 56.7 crore in the same quarter of last year.
Krishna Mohan, chief executive officer, Emami Limited, in an interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, gave his views on how the company will perform going forward.