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

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.