Antique Expects Double Digit Revenue Growth For Emami

Antique expects Emami to deliver sales and adjusted profit after tax CAGR of 20% and 26% respectively during FY18-FY20 period.
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Brokerage Antique Stock Broking believes Emami is well-placed to deliver double-digit revenue growth during the next two years.

The brokerage expects the company to achieve this, led by innovative launches backed by high brand investments, direct reach expansion, rural recovery and stabilization in trade channel.

Antique said, "During the next two years, a pick-up in performance of Kesh King, new product introductions, revival of healthcare and key brands like Navratna and Fair & Handsome will help Emami deliver double-digit revenue growth, retaining a 'buy' rating and target price of Rs.1,452 on the stock.”

Antique expects Emami to deliver sales and adjusted profit after tax CAGR of 20% and 26% respectively during FY18-FY20 period.

Antique said, "Going ahead, we believe that the strong earnings trajectory will return, which will help sustain its premium valuations.”

 
 
 
 
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