Emami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 25403.96 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 671.67 Crore, down -13.58 % from last quarter Total Income of Rs 777.26 Crore and up 37.63 % from last year same quarter Total Income of Rs 488.04 Crore. Company reported net profit after tax of Rs 79.31 Crore in latest quarter.
Investment Rationale
Margin performance in 1QFY22 and the outlook were better than expected. The key to a further re-rating would depend on whether sales growth, after a period of extremely weak performance (3.7% CAGR over FY16–20), could revive to the double digits, followed by the mid-teen level on a sustainable basis.
Promoter/FII Holdings
Promoters held 53.9 per cent stake in the company as of June 30, 2021, while FIIs held 12.5 per cent, DIIs 24.5 per cent and public and others 9.2 per cent.
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