Emami Q2 Results Live: Profit Rises by 19.14% YOY

Emami Q2 Results Live : Emami declared their Q2 results on November 7, 2024, showcasing a topline increase of 2.97% year-over-year, while profit surged by 19.14%. Despite these positive annual figures, the company's revenue experienced a slight decline of 1.71% compared to the previous quarter, although profit rose significantly by 39.32%.

In terms of operational efficiency, the company reported a noteworthy decrease in selling, general, and administrative expenses, which fell by 12.27% quarter-over-quarter but saw a slight increase of 0.98% year-over-year. This reduction in expenses contributed positively to the company's overall profitability.

Emami also reported an impressive operating income growth of 19.61% from the previous quarter and a 9.72% increase year-over-year. Additionally, the earnings per share (EPS) for Q2 stood at ₹4.87, reflecting a 19.07% year-over-year rise, reinforcing the company's strong financial performance.

In the stock market, Emami has faced a -4.59% return over the last week, yet it has delivered a remarkable 27.49% return over the past six months and a 19.04% return year-to-date. The company's current market capitalization is ₹29,293.52 crore, with a 52-week high of ₹860 and a low of ₹417.1.

Analyst sentiment towards Emami appears cautiously optimistic. As of November 8, 2024, out of 25 analysts covering the company, only 1 has issued a Sell rating, while 6 have recommended holding, 9 analysts rated it as a Buy, and another 9 analysts gave a Strong Buy recommendation. The consensus recommendation currently stands at Buy, indicating positive outlook among market watchers.