Prabhudas Lilladher recommended Accumulate rating on Emami with a target price of Rs 382 in its research report dated July 12, 2019.
Companies which are deploying internal accruals such as cost savings or utilising super normal profit from other product groups are clear favourites
Kolkata-headquartered FMCG conglomerate Emami has kicked off the process to sell controlling stake in its paper business along with select assets in its cement business, sources said
Acharya told Moneycontrol that he decided to leave six months early due to 'unavoidable personal reasons'.
The company intends to pare the debt of the Emami Group in six to eight months.
Emami's promoters had also sold 10 percent stake in the last quarter
Navratna brand, over the years, has been endorsed by leading actors including Amitabh Bachchan, Shah Rukh Khan, Govinda, Shilpa Shetty besides southern stars Chiranjeevi and Jr NTR.
The management expects operating margin to improve moderately as input costs have eased and operating leverage benefits are also expected to show
HUL contended Emami, in its advertisement, makes a false claim that Fair & Lovely was "rubbish and inefficacious" and that its use was restricted only to women.
Key trigger for the stock is a revival in volume growth to high single digits, Credit Suisse said
Rishi Agarwal has been appointed to head the e-commerce team of the company, who was previously with Snapdeal, Arvind and IBM
Prabhudas Lilladher recommended accumulate rating on Emami with a target price of Rs 524 in its research report dated January 31, 2019.
Motilal Oswal is bullish on Emami has recommended buy rating on the stock with a target price of Rs 520 in its research report dated January 31, 2019.
Rural-led growth and market intervention should improve given the significant progress the company has achieved in terms of direct distribution reach
Creme 21, which has major business in Middle East and other focus markets, has been acquired at less than 1.5 times of its sales, said Emami in a statement.
Net Sales are expected to increase by 7.5 percent Y-o-Y (up 29.5 percent Q-o-Q) to Rs. 813.4 crore, according to Prabhudas Lilladher.
HDFC Securities is bullish on Emami has recommended buy rating on the stock with a target price of Rs 547 in its research report dated October 31, 2018.