Emami jumps after raising product prices by 4% to offset cost pressure
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Emami is currently trading at Rs. 543.75, up by 5.40 points or 1.00% from its previous closing of Rs. 538.35 on the BSE.
The scrip opened at Rs. 540.00 and has touched a high and low of Rs. 546.75 and Rs. 538.30 respectively. So far 1829 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 566.70 on 04-Jun-2021 and a 52 week low of Rs. 184.80 on 12-Jun-2020.
Last one week high and low of the scrip stood at Rs. 566.70 and Rs. 500.05 respectively. The current market cap of the company is Rs. 24226.00 crore.
The promoters holding in the company stood at 53.86%, while Institutions and Non-Institutions held 36.91% and 9.24% respectively.
Emami has raised product prices on an average by four percent in the current fiscal (FY22) to offset the present input cost pressure that will help the company to retain a gross margin of 66-67 percent.
The company's long-awaited project Khoj that aims deeper rural reach to retain profitability momentum, has been launched in Uttar Pradesh with the relaxation of lockdown. The four areas of marketing, Emami, were focusing on e-commerce, standalone modern trade, chemist outlet expansion, and the fourth are projected Khoj.
Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.
