Emami Q2 Review – Early Winter Favorable Risk Reward: Prabhudas Lilladher

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Prabhudas Lilladher Report

The results of Emami Ltd. in the second quarter were broadly in line, with the exception of the increase in other income (23 million rupees) driven by the mark-to-market gain of certain investments in startups.

Domestic volume growth (excluding Insti) had the impact of slower demand for immunity boosters and a higher balm base in the base year, although male grooming, Boroplus, Kesh King and 7 Oils in 1 performed well.

We believe Boroplus, Kesh King, OTC, male grooming and new launches will be the main growth drivers for Emami.

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