Powered by: Motilal Oswal
2025-07-15 10:13:13 am | Source: Motilal Oswal Financial Services Ltd
Buy Emami Ltd For Target Rs. 700 by Motilal Oswal Financial Services Ltd
Buy Emami Ltd For Target Rs. 700 by Motilal Oswal Financial Services Ltd

* Demand in 1Q was adversely impacted by the onset of monsoon. We model 3% revenue decline, led by a 3% domestic volume decline.

* The company is focusing on LUPs targeting middle-income consumers, which contribute ~20% of its revenue.

* GM is expected to remain steady (-50bp YoY) despite macro inflation. EBITDA is likely to witness a decline of 145bp YoY on negative operating leverage.

* Performance of D2C brands like The Man Company and Brillare will be a key monitorable.

 

 

For More Research Reports : Click Here 

For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here