Emami share rises 2% on Q4 earnings; here s what brokerages say During the quarter, input cost pressure increased due to inflation in key commodities which led to a gross margin decline of 250 bps, the company said
BusinessToday.In | May 26, 2021 | Updated 15:12 IST
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Share of Emami rose 2 per cent to hit an intraday high of Rs 511.05 after the company reported over three-fold jump in its net profit to Rs 88 crore for the quarter ended March 2021. Profit in the year-ago period stood at Rs 22.75 crore.
The share opened 2 per cent higher at Rs 510.00 against the previous close of Rs 499.75. The share has gained 143 per cent in one year and risen 18 per cent since the beginning of this year.