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