Buy Emami, target price Rs 930: Anand Rathi

Anand Rathi has buy call on Emami with a target price of Rs 930. The current market price of Emami Ltd. is Rs 771.25.
Emami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 32726.59 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 30-06-2024, the company reported a Consolidated Total Income of Rs 916.53 Crore, up 1.62 % from last quarter Total Income of Rs 901.94 Crore and up 9.90 % from last year same quarter Total Income of Rs 833.94 Crore. Company reported net profit after tax of Rs 152.70 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 54.84 per cent stake in the company as of 30-Jun-2024, while FIIs owned 14.02 per cent, DIIs 21.59 per cent.