Accumulate Emami; target of Rs 517: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on Emami with a target price of Rs 517 in its research report dated August 07, 2023.10-08-2023
10-08-2023
EMAMI LTD.-$ - 531162 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyEMAMI LTD.- 2CIN NO.L63993WB1983PLC036030 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 10.73 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: SANDEEP KUMAR SULTANIA Designation: COMPANY SECRETARY AND VP SALES COMMERCIAL EmailId: [email protected] Name of the Chief Financial Officer: N H BHANSALI Designation: CEO EmailId: [email protected] Date: 09/08/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.09-08-2023
EMAMI LTD.-$ - 531162 - Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform you that the Company has further subscribed to the Equity Share Capital of Brillare Sceince Pvt Ltd ("Brillare"), the Subsidiary Company; consequently the Company''s stake in Brillare has been increased from 82.92% to 95.36% on issued and paid up capital of the said subsidiary company.09-08-2023
EMAMI LTD.-$ - 531162 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to the provisions of Regulation 30 of SEBI(LODR) Regulations, 2015, the weblink of the audio recording of the Analysts / Investor Call on Unaudited Financial Results for the Quarter ended June 30, 2023 is attached.09-08-2023
EMAMI LTD.-$ - 531162 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed clippings of the newspaper publication in "Business Standard" (English Version) and "Aajkal" (Bengali Version) dated August 08, 2023 in which the Unaudited Financial Result for the First Quarter ended June 30, 2023 is published. The aforesaid results were approved by the Board of Directors in its meeting held on Monday, August 7, 202309-08-2023
EMAMI LTD.-$ - 531162 - Announcement under Regulation 30 (LODR)-Change in Management
This is to inform you that Mr Vinod Rao, President - CCD, Personnel of Senior Management has ceased to be an employee of the company effective from the closing hours of 31st July, 2023.07-08-2023
EMAMI LTD.-$ - 531162 - Intimation As Per Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements), Regulations, 2015.
In terms of the provision of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015, we would like to inform you that the Board of Directors at its meeting held on Monday, 7th August, 2023 passed resolution for induction of Shri R. S. Goenka, Non-Executive Director & Chairman as a member in the Nomination & Remuneration Committee with immediate effect. the above information is also available on the on the Company''s website at www.emamiltd.in07-08-2023
Q1FY24 Quarterly Result Announced for Emami Ltd.
Personal products company Emami announced Q1FY24 results: Consolidated revenues at Rs 826 crore grew by 7% Domestic business grew by 7% International business grew by 8% (Constant currency growth of 11%) Gross margins at 65.4% improved by 240 bps EBIDTA at Rs 190 crore grew by 10% EBIDTA margins improved by 60 bps Profit after tax at Rs 138 crore grew by 87% PAT margins improved by 720 bps Completed buyback of shares amounting to Rs 185.3 crore (excl. brokerage, taxes & levies). Harsha V Agarwal, Vice-Chairman and Managing Director, Emami said, “We are happy to report a 7% growth in domestic business despite challenging operating environment. While erratic summer & unseasonal rains impacted summer product offtakes, our non-summer portfolio grew strongly by 16%. International business also continued its growth trajectory with 11% constant currency growth. With inflation moderating further, we look to the future with increased optimism and confidence. With the development of the digital eco-system, both e-commerce and D2C will play a key role in the organization’s growth and we will continue to invest in strengthening our presence in an omnichannel presence to reach our consumers.” Mohan Goenka, Vice Chairman and Whole-Time Director, Emami said, “The quarter witnessed strong performance by our Pain Management, BoroPlus, and Healthcare range which grew in double digits, with Dermicool posting a high single-digit growth. Backed by our resilient and competitive performance and aided by softening of input cost, we could deliver a healthy expansion of gross margin and EBIDTA and a robust profit growth of 87%. All our channels, especially Modern Trade eCommerce continued to perform well and contributed 9.7% each to domestic business, a growth of 45% and 47% respectively over the previous year. We endeavor to strengthen our core and continue to invest in growth drivers to deliver healthy profitability this year.” Result PDF07-08-2023
EMAMI LTD.-$ - 531162 - Unaudited Financial Results For The First Quarter Ended 30Th June, 2023
In Furtherance to our intimation letter dated 12th July, 2023 and pursuant to Regulation 30 of the SEBI Listing Regulations read with circular issued by the Securities and Exchange Board of India ("SEBI'') bearing number CIR/CFD/CMD/4/2015 dated September 09, 2015, this is to inform you that the board of Directors of the Company, at its meeting held today. ie. 7th August, 2023 have approved the unaudited Financial Results of the Company along with the limited review report for the first quarter ended 30th June, 2023.07-08-2023