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Tailwinds point to better prospects for Emami; FY24 may see recovery in biz

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.

Emami Picks Up 26% Stake In Axiom Ayurveda To Enter Packed Juice Segment

Emami has acquired a 26% stake in Axiom Ayurveda in an all-cash deal for an undisclosed amount to enter the packed juice segment.

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