Add Emami, target price Rs 600: ICICI Securities

ICICI Securities has add call on Emami with a target price of Rs 600. The current market price of Emami Ltd. is Rs 542.45.

Emami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 23741.06 Crore) operating in FMCG sector.

Emami Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 833.94 Crore, down -1.85 % from last quarter Total Income of Rs 849.70 Crore and up 6.29 % from last year same quarter Total Income of Rs 784.62 Crore. Company reported net profit after tax of Rs 137.25 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 54.52 per cent stake in the company as of 30-Jun-2023, while FIIs owned 11.46 per cent, DIIs 26.21 per cent.

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