Page 4 - Emami

Emami shares slip 6% as March quarter profit more than halves

Profit after tax during the quarter fell to Rs 23.36 crore from Rs 56.15 crore in the year-ago quarter

Cosmetic changes

Brands need to start reshaping consumer opinion

Emami's March-quarter net profit down 59.5% to Rs 23 crore

Homegrown FMCG firm Emami Ltd on Friday reported a 59.44 per cent decline in its consolidated net profit to Rs 22.75 crore for the March quarter due to decline in sales because of coronavirus-induced lockdown. The company had posted a net profit of Rs 56.09 crore during the January-March quarter of 2018-19,Emami said in a regulatory filing. Its revenue from operations was down 16.81 per cent to Rs 532.68 crore during the quarter under review as against Rs 640.35 crore in the corresponding period of the previous fiscal. The pandemic and the lockdown led to a sharp decline in consumption due to rising unemployment and a significant drop in demand from low-income groups, the Kolkata-based firm said. This led the consumers shift towards more essential items like food, groceries and hygiene products thereby affecting the sale of its discretionary line of products. All these developments arising out of an unprecedented and extraordinary environment that prevailed across the globe, impac

Why lowering promoter pledging is not enough to fire up Emami stock

Sale of group's non-core assets is a plus, but sustainable growth is vital to command higher valuation

Covid-19 impact: Restrictions on movement still a pain point for FMCG firms

According to the Federation of West Bengal Truck Operators' Association (FWBTOA), truck availability has only improved marginally around 10 per cent of a total 9 million trucks in India.

Dabur, Himalaya witness spike in sales of Ayurvedic products amid Covid-19

For Himalaya, the surge in demand has been seen particularly in its Pure Herbs range such as Guduchi, Tulasi, Amalaki, Ashwagandha and others

Low valuations don't make Emami a cool bet; investors advised caution

In the past 1-2 years, Emami has seen muted volume off-take, thanks to higher dependence on wholesale distribution and competitive pressures

Delta Corp, Emami: Share buyback via open market route at seven-year high

Thus far in CY20, 20 companies have announced buyback of their shares, of which, 14 firms have proposed to buyback from open market route

Hindustan Unilever's valuation premium over peers hits record high

Trading at 77x, its trailing 12-month net profit against industry average of about 43x

Fewer hits than misses in FMCG as demand and supply concerns weigh

While hygiene and home care segment, rural-focused players could see better demand, a large portion coming from non-essential products means topline will be impacted

Emami share buyback size may be Rs 900-1000cr, board to meet on Mar 19

The buyback could raise promoter stake to about 58 per cent, sources said

Slowdown forces Emami to delay new launches, male-grooming range hit badly

the underperformance of winter portfolio, decline in male grooming range lead to flat Q3 revenue growth

ITC, Emami shift focus to rural markets to combat low consumer sentiment

Nearly all FMCG companies like Marico, HUL, ITC and the rest have been indicating that the operating environment has been challenging, with drop in consumption, especially in rural areas

FMCGs scale-up rural distribution networks to combat economic slowdown

In view of the ongoing slowdown, which has impacted demand in rural India, ITC doubled its rural stockist network in the current fiscal year

Emami Group inches closer to freeing its entire Rs 2,600-cr debt: Report

Speculation is also rife that the group would soon seal the deal for its cement business at a valuation ranging between Rs 6,000 crore and Rs 7,000 crore

Up for sale, Emami Cement seeks valuation of Rs 8,000-9,000 crore

Group seeks to pare debt using sales proceeds; potential buyers feel valuation sought is high

Three companies show interest to acquire Emami Group's cement arm

Emami Cement is currently focussed on east India, with its plants in Risda in Chhattisgarh, Panagarh in West Bengal, and Jajpur in Odisha

Emami plans to pare Rs 2,600-crore debt at group level in 9 months

The promoters have been looking at various options, ranging from divestment to taking the business to the public, to monetise assets

Emami's dilution of stake to infuse confidence among investors, says family

The family intends to raise its stake through strategic divestment, IPO or exit in group assets in 6-8 months

Emami Group promoters divest 10% stake for Rs 1,230 crore to pare debt

Stake sale would bring down promoter level debt from Rs 3,300 crore to Rs 2,200 crore