Nirmal Bang: Emami - Strong Margins Delivered In Q2; Similar Performance Expected In Near Term
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Nirmal Bang Report
Emami Ltd.’s Q2 FY21 consolidated revenue grew by 11.3% YoY to Rs 7.35 billion (versus our estimate 8.6% growth to Rs 7.17 billion).
Ebitda grew by 33.2% YoY to Rs 2.57 billion (versus our estimate 11.4% growth to Rs 2.15 billion).
Profit after tax before amortization grew by 32.3% YoY to Rs 2.12 billion (versus our estimate 6.1% growth to Rs 1.7 billion).
Domestic business grew by 13% YoY, led by 10% YoY volume growth (in-line with expectation).
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