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Emami has decent growth prospects: 4 reasons analysts are bullish on the stock
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Synopsis
Rising per capita income, increasing health awareness and growth of e-commerce will boost the FMCG sector, which will, in turn, improve Emami’s growth prospects.
FMCG company Emami reported weak numbers in the second quarter of 2022-23 despite decent growth of its international business. It reported a marginal 3.2% y-o-y growth in consolidated revenue while the operating profit fell 29.5% y-o-y. The performance was impacted by inflation-led demand pressure and a high covid base in pain management and the healthcare range of products.The performance is set to improve in the third quarter, which will lead
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