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Emami Gains 4%; BSE FMCG Index Up 0.5%
Thu, 18 Jul 10:25

Emami Gains 4%; BSE FMCG Index Up 0.5%Image source: alexsl/www.istockphoto.com

Emami share price has zoomed 4% and is presently trading at Rs 803.7.

Meanwhile, the BSE FMCG index is at 22,044.6 (up 0.5%).

Among the top gainers in the BSE FMCG index today are Tata Coffee (up 3.6%) and Zydus Wellness (up 3.0%).

Godfrey Phillips (down 3.1%) and GODREJ AGROVET (down 2.8%) are among the top losers today.

Over the last one year, Emami has moved up from Rs 417.8 to Rs 803.7, registering a gain of Rs 385.9 (up 92.4%).

On the other hand, the BSE FMCG index has moved up from 19,183.3 to 22,044.6, registering a gain of 14.9% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 162.7%), JYOTHY LABS (up 106.7%) and BOM.BURMAH (up 98.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,825.8 (up 0.1%).

The top gainers among the BSE Sensex today are SBI (up 1.3%) and Hindustan Unilever (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,642.0 (up 0.1%). LTIMINDTREE and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,825.8, registering a gain of 14,235.8 points (up 21.4%).

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 48.2.


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