Research ReportsEmami Q4 Results Review: Dolat Capital Maintains 'Reduce' After Recent Stock Run-Up, But Hikes Target Price
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Emami Q4 Results Review: Dolat Capital Maintains 'Reduce' After Recent Stock Run-Up, But Hikes Target Price
Valuing Emami at 30x FY27E EPS, Dolat Capital has increased its target price at Rs 656 and considering the recent run-up in the stock price, retains ‘Reduce’ rating.
Emami's net sales grew by 8.1% YoY to Rs 9.6 billion in Q4 FY25, in line with estimates. (Photo source: Company website)
Urban demand faced challenges due to food inflation and liquidity issues, while rural demand remained resilient, driven by favorable monsoons and a strong harvest, offering a positive outlook amidst market uncertainties. Emami's new launches and brand investment helped Navratna and Dermicool/ Healthcare/ Boroplus/ Pain management/ Male grooming to report 16/13/27/1/7% growth during the quarter.