Emami - Rural Juggernaut Continues In Q3: Prabhudas Lilladher  
A store keeper arranges beauty and whitening products, including Emami Ltd.’s “Fair and Handsome” at a Big Bazaar outlet in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg)  

Emami - Rural Juggernaut Continues In Q3: Prabhudas Lilladher  

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 FY21/22/23 earning per share estimates by 2.3/4.1/4.3% following strong growth momentum in healthcare, hair care and gains from strong winter and higher rural salience for its products.

The company will build on its momentum led by -

1. 3-4% increase in penetration

2. Increased investment to strengthen rural distribution

3. 25-30% growth expected in health care

4. positive momentum post re-launch of Fair and Handsome and

5. Hair oils led by kesh king posting strong growth on a high base.

Click on the attachment to read the full report:

Prabhuds Lilladher Emami Q3FY21 Result Update.pdf


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