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Emami Plunges 5%; BSE FMCG Index Down 0.4%
Fri, 2 Aug 10:41

Emami Plunges 5%; BSE FMCG Index Down 0.4%Image source: Kameleon007 /www.istockphoto.com

Emami share price has plunged 5% and is presently trading at Rs 791.6.

Meanwhile, the BSE FMCG index is at 22,442.1 (down 0.4%).

Among the top losers in the BSE FMCG index today are Ruchi Soya Industries (down 1.2%) and RADICO KHAITAN (down 1.1%).

Tata Coffee (up 3.6%) and HATSUN AGRO PRODUCTS (up 3.1%) are among the top gainers today.

Over the last one year, Emami has moved up from Rs 462.4 to Rs 791.6, registering a gain of Rs 329.2 (up 71.2%).

On the other hand, the BSE FMCG index has moved up from 18,986.4 to 22,442.1, registering a gain of 18.2% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 98.9%), BOM.BURMAH (up 98.9%) and AVANTI FEEDS (up 72.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,090.3 (down 0.9%).

The top losers among the BSE Sensex today are Tata Motors (down 3.8%) and Maruti Suzuki (down 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). Tata Motors and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,090.3, registering a gain of 14,562.6 points (up 21.9%).

Emami Financial Update...

Emami net profit grew 11.3% YoY to Rs 1,527 million for the quarter ended June 2024, compared to a profit of Rs 1,373 million a year ago. Net sales rose 9.7% to Rs 9,061 million during the period as against Rs 8,257 million in April-June 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 46.5.

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