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Emami Gains 5%; BSE FMCG Index Up 0.4%
Mon, 22 Jul 9:24

Emami Gains 5%; BSE FMCG Index Up 0.4%Image source: ipopba/www.istockphoto.com

Emami share price has zoomed 5% and is presently trading at Rs 837.0.

Meanwhile, the BSE FMCG index is at 22,142.4 (up 0.4%).

Among the top gainers in the BSE FMCG index today are Tata Coffee (up 3.6%) and Zydus Wellness (up 2.3%).

JYOTHY LABS (down 1.8%) and Gujarat Ambuja (down 1.5%) are among the top losers today.

Over the last one year, Emami has moved up from Rs 411.9 to Rs 837.0, registering a gain of Rs 425.1 (up 103.2%).

On the other hand, the BSE FMCG index has moved up from 19,148.6 to 22,142.4, registering a gain of 15.6% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 154.2%), JYOTHY LABS (up 106.9%) and Emami (up 103.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,283.6 (down 0.4%).

The top losers among the BSE Sensex today are Reliance Ind. (down 2.8%) and Kotak Bank (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,395.6 (down 0.6%). Wipro and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,283.6, registering a gain of 13,488.4 points (up 20.2%).

Emami Financial Update...

Emami net profit grew 4.5% YoY to Rs 1,483 million for the quarter ended March 2024, compared to a profit of Rs 1,420 million a year ago. Net sales rose 6.6% to Rs 8,912 million during the period as against Rs 8,360 million in January-March 2023.

For the year ended March 2023, Emami reported 25.0% decrease in net profit to Rs 6,274 million compared to net profit of Rs 8,367 million during FY22. Revenue of the company grew 6.9% to Rs 34,057 million during FY23.

The current Price to earnings ratio of Emami, based on rolling 12 month earnings, stands at 50.2.


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