Buy Emami, target price Rs 616: Anand Rathi

Anand Rathi has buy call on Emami with a target price of Rs 616. The current market price of Emami Ltd. is Rs 462.2.
Emami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 20231.78 Crore) operating in FMCG sector.

Emami Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1013.03 Crore, up 15.65 % from last quarter Total Income of Rs 875.98 Crore and up 2.37 % from last year same quarter Total Income of Rs 989.58 Crore. Company reported net profit after tax of Rs 261.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.84 per cent stake in the company as of 31-Dec-2023, while FIIs owned 12.86 per cent, DIIs 23.93 per cent.