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Buy Emami, target price Rs 553: HDFC Securities

Sumary of Buy Emami, target price Rs 553: HDFC Securities:

  • FinancialsFor the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 942.79 Crore, up 26.94 % from last quarter Total Income of Rs 742.71 Crore and up 13.83 % from last year same quarter Total Income of Rs 828.22 Crore…
  • Investment RationaleEmami enjoys gross margins of over 65% and EBITDA margins above 26% which is higher than most listed peers…
  • Wider distribution, new product launches and improving rural demand (>50% of revenue contribution) will be key growth drivers for the company…….

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