Add Emami, target price Rs 600: ICICI Securities

ICICI Securities has add call on Emami with a target price of Rs 600. The current market price of Emami is Rs 531.4.
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 23648.13 Crore) operating in FMCG sector.


Emami Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 826.45 Crore, up 23.04 % from last quarter Total Income of Rs 671.67 Crore and up 11.27 % from last year same quarter Total Income of Rs 742.71 Crore. Company reported net profit after tax of Rs 189.09 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 53.86 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.71 per cent, DIIs 24.18 per cent.