Nirmal Bang: Emami - Strong  Margins Delivered In Q2; Similar Performance Expected In Near Term
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)

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).

Click on the attachment to read the full report:

Nirmal Bang Emami -Q2FY21 Result Update- 6 November 2020 (002).pdf

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