Emami not so hot
By
Research Desk
about 9 years ago
Emami put up a poor face for Q2FY16. The company posted a 33%(YoY) drop in consolidated net profit at Rs.61 crore mainly on account of amortization of Kesh King intangible assets of Rs.62 crore. But for this, the other parameters were much better. Turnover rose 17% at Rs.575 crore and EBITDA was up 34% at Rs.152 crore.
The market is obviously not happy with the bottomline and the stock is down over 3% at Rs.1016 levels with intra day low going down below Rs.1000-mark at Rs.987.35.