Emami share price: Buy Emami, target price Rs 620: Emkay Global

Emkay Global has buy call on with a target price of Rs 620. The current market price of Emami Ltd. is Rs 549.8.

Time period given by analyst is one year when Emami Ltd. price can reach defined target.

Emami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 24448.26 Crore) operating in FMCG sector.



Emami Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2020.


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.


Promoter/FII Holdings
Promoters held 53.9 per cent stake in the company as of June 30, 2020, while FIIs held 6.9 per cent, DIIs 29.8 per cent and public and others 9.4 per cent.

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