Emami s future growth will be driven by investments in new brands, double-digit growth CAGR in the international market, rural distribution expansion and recovery in the rural market, said Motilal Oswal.
Emami Ltd’s results for the three months ended September (Q2FY23) are far from inspiring. The consolidated Ebitda margin drop was more than expected at a whopping 1,120 basis points (bps) year-on-year (y-o-y) to 24%. One basis point is 0.01%. A key factor that dragged Ebitda margin down sharply was the 34% spike in advertising and sales promotion expenses.