Prabhudas Lilladher: Emami Enters Virtuous Cycle Of Seasonality  

Prabhudas Lilladher: Emami Enters Virtuous Cycle Of Seasonality

Emami products. (Source: Company website)
Emami products. (Source: Company website)

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Prabhudas Lilladher Report

We believe Emami Ltd. has hit a sweet spot for growth led by -

  1. Strong rural demand as it is 55% of sales for Emami
  2. strong demand for winter care products on early onset of winter
  3. low base for Q3 (five year sales growth of 3.3%, 19.7% and 25.8% decline in Q4 and Q1)
  4. Kesh king has gained traction and is gaining share in premium hair oil segment
  5. Strong demand for Immunity boosters like Chawyanprash and Kesari jeevan and
  6. benign input costs of liquid light paraffin and mentha oil.

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Prabhudas Lilladher Emami Company Update.pdf


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