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Emami Q1 Review - Improved Visibility But High Base Quarters Ahead: Prabhudas Lilladher

Emami Q1 Review - Improved Visibility But High Base Quarters Ahead: Prabhudas Lilladher

A customer shops for beauty and whitening products at a Big Bazaar outlet in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg)
A customer shops for beauty and whitening products at a Big Bazaar outlet in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

We are increasing Emami Ltd.'s FY22 earnings per share estimates by 3.6% on back of higher gross margins during Q1 FY22 and strong outlook with raw material cost having peaked out.

Strong growth continued across healthcare, pain management and Kesh King however Navratna was impacted due to second wave.

Emami has embarked upon a distribution drive through project Khoj to focus on standalone modern trade to increase direct rural distribution to 8,000 villages in one year and 32,000 villages in three years.

Click on the attachment to read the full report:

Prabhudas Lilladher Emami Q1FY22 Result Update.pdf

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