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Emami Q2 Revenue: In the September quarter, Emami had an expansion in gross margins by 350 basis points, reaching 70.1 per cent, helped by lower raw material costs and judicious price hikes, according to a company's earnings statement.
Emami said its net sales for the quarter grew 7.2 per cent YoY to Rs 816.60 crore compared with Rs 761.90 croe in the corresponding quarter last year.
The buyback price of Rs 450 a share is over 23 percent higher than the last closing price
The company’s board also approved buyback of its equity shares for an amount not exceeding Rs 162 crore. The shares will be bought back at a maximum price of Rs 550 per share.