Stay updated with breaking news from Helios lifestyle. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
While Emami is still struggling to push growth, given weak rural demand, the sale of the group s stake in AMRI Hospitals should ease investor concerns about stake pledges by promoters.
It has also carried a series of stake acquisitions which should enable the expansion of its brand portfolio.
The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion. ....
Broker's call: Emami (Buy) - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Consumer goods maker Emami Ltd. has acquired Reckitt’s prickly heat powder and talc brand Dermicool for Rs 432 crore, excluding taxes and duties.
“The acquisition is funded through internal accruals and is subject to customary closing conditions,” the Kolkata-based company, said in its stock filing on Friday.