Sunday, October 31, 2021

EMAMILTD Q2 PAT UP 56% | STOCK OUTLOOK

     


Emami Ltd Q2 PAT up 56.45% at Rs185.27cr on sharply lower depreciation provisions in Q2

Emami Ltd reported 7.35% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs788.84cr


Emami Ltd reported 7.35% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs788.84cr. The revenues were higher by 19.35% on a sequential basis compared to Rs660.95cr revenues in the Jun-21 quarter.


For the first half of the fiscal year FY22 ended September 2021, Emami Ltd reported a 19.2% growth in top line revenues at Rs1,450cr. The company operates in the FMCG space, but raw material costs were not dented as much as the other FMCG plays.


The consolidated Profit after tax (PAT) for the Sep-21 quarter was up 56.45% at Rs185.27cr on the back of sharply lower depreciation and amortization costs in the quarter.


Stock Outlook

Although result is satisfactory but stock can remain sideways in short to mid term, can be avoided currently or add in small quantity.


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