Buy Emami, target price Rs 640: Motilal Oswal

Emami Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2022.

By ETMarkets.com | Nov 07, 2023, 10.47 AM IST

Promoters held 54.84 per cent stake in the company as of 30-Sep-2023, while FIIs owned 11.9 per cent, DIIs 25.2 per cent.

Motilal Oswal has buy call on Emami Ltd. with a target price of Rs 640. The current market price of Emami Ltd. is Rs 516.25.

Emami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 22564.87 Crore) operating in FMCG sector.

Emami Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2023, the company has reported a Consolidated Total Income of Rs 875.98 Crore, up 5.04 % from last quarter Total Income of Rs 833.94 Crore and up 2.37 % from last year same quarter Total Income of Rs 855.74 Crore. Company has reported net profit after tax of Rs 180.61 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 54.84 per cent stake in the company as of 30-Sep-2023, while FIIs owned 11.9 per cent, DIIs 25.2 per cent.

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