Favorable Summer to drive FY25
Extended Winter bolsters Q4 growth
Emami (HMN IN) Q4 net sales rose 6.6% YoY to INR 8.9bn, 1.6% ahead of our estimates, as the domestic business grew 8% in value and 6% in volume, dragged by muted sales growth in Navratna and Dermicool due to the extended Winter. Brands, such as the BoroPlus range, up 33%, the pain management range, up 9%, the healthcare range, up 10% and 7 Oils in One, up 20%, performed well in Q4. In FY24, domestic sales grew 4% in value...
Buy Emami Ltd. For Target Rs. emami630 - Elara Capital
Cooling products drive top line, margin
In-line Q4 revenue, up by 18% YoY, driven by overall growth
V-Guard Industries (VGRD IN) Q4 revenue rose 18% YoY to INR 13.4bn, largely in line with our estimates. This was fueled by robust overall growth across segments, primarily driven by strong demand for cooling products, such asfans, air coolers and AC stabilizers due to the harsh Summer. During the quarter, South India witnessed growth of 18.6% YoY, outgrowing nonSouth region at 15.8% YoY, ...
Accumulate V-Guard Industries Ltd. For Target Rs.425 - Elara Capital
.png)
