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This Article is From May 29, 2024

EPL Q4 Results Review - Cost Rationalisation, Ramp-Up Of Brazil Business To Drive Earnings: Motilal Oswal

EPL Q4 Results Review - Cost Rationalisation, Ramp-Up Of Brazil Business To Drive Earnings: Motilal Oswal
Laminated tubes for various companies manufactured by EPL Ltd. (Source: Company website)
STOCKS IN THIS STORY
EPL Ltd.
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NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

EPL Ltd. reported a strong operating performance in Q4 FY24, with Ebitda rising 23% YoY due to 2.1 times YoY Ebitda growth for the Americas (led by the ongoing program to improve margins in the Americas coupled with a positive contribution from the Brazil business).

Ebitda for East Asia and Pacific grew 6% YoY, while  Africa, Middle East and South Asia /Europe witnessed a ~7%/1% YoY decline in Ebitda.

We broadly maintain our earnings estimates for FY25/FY26. We value the stock at 18 times FY26E earnings per share to arrive at our target price of Rs 250. Reiterate Buy.

Click on the attachment to read the full report:

Motilal Oswal EPL Q4FY24 Results Review.pdf
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