Buy Emami, target price Rs 657: Centrum Broking

Centrum Broking has buy call on Emami with a target price of Rs 657. The current market price of Emami Ltd. is Rs 463.7. 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 20453.92 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 31-03-2022, the company reported a Consolidated Total Income of Rs 800.68 Crore, down -19.00 % from last quarter Total Income of Rs 988.48 Crore and up 3.01 % from last year same quarter Total Income of Rs 777.26 Crore. Company reported net profit after tax of Rs 360.04 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 54.27 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.47 per cent, DIIs 26.45 per cent.