Emami’s second quarter results announced: profit increased by 19.14% year-on-year

Emami’s second quarter results live broadcast: Emami announced its second quarter results on November 7, 2024. Revenue increased by 2.97% year-on-year, and profits soared by 19.14%. Despite the positive annual figures, the company’s revenue fell slightly by 1.71% from the previous quarter, but profits increased significantly by 39.32%.

In terms of operational efficiency, the company’s selling expenses, general expenses and administrative expenses dropped significantly, down 12.27% month-on-month, and increased slightly 0.98% year-on-year. The reduction in expenses contributed positively to the company’s overall profitability.

Emami also posted impressive operating income growth of 19.61% sequentially and 9.72% year-over-year. Additionally, second-quarter earnings per share (EPS) were $4.87, a year-on-year increase of 19.07%, enhancing the company’s strong financial performance.

On the stock market, Emami returned -4.59% last week but has returned a whopping 27.49% over the past six months and 19.04% so far this year. The company’s current market capitalization is $29,293.52 Crore, 52-week High $860 and low $417.1.

Analysts appear cautiously optimistic about Emami. As of November 8, 2024, of the 25 analysts covering the company, only 1 analyst has a sell rating, 6 analysts recommend a hold, 9 analysts have a buy rating, and 9 Analysts gave a strong buy recommendation. The current consensus recommendation is Buy, indicating that market watchers are optimistic about the outlook.