Emami Limited

BSE:531162 Stock Report

Market Cap: ₹180.3b

Emami Future Growth

Future criteria checks 2/6

Emami is forecast to grow earnings and revenue by 8.6% and 8.1% per annum respectively. EPS is expected to grow by 9.1% per annum. Return on equity is forecast to be 25.4% in 3 years.

Key information

8.6%

Earnings growth rate

9.07%

EPS growth rate

Personal Products earnings growth9.7%
Revenue growth rate8.1%
Future return on equity25.41%
Analyst coverage

Good

Last updated09 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 09

531162: Trimmed Fair Value And Rich Future P/E Will Shape Measured Outlook

Analysts have trimmed their price target on Emami from ₹425.00 to ₹415.00, reflecting updates to their models that now factor in different assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for May 21, 2026, at 12:00 Indian Standard Time to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
Narrative Update • May 26

531162: Upcoming May Results And Board Decisions Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for Emami from ₹800 to about ₹745, citing updated assumptions that include slightly higher revenue growth expectations, along with a lower projected profit margin and a reduced future P/E multiple. What's in the News Board meeting scheduled for May 21, 2026, at 12:00 Indian Standard Time to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 (company filing).
Narrative Update • May 07

531162: Upcoming Results And Higher Board Meeting Focus Will Support Bullish Outlook

Analysts have raised their price target on Emami from ₹775.37 to ₹800.00, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News Emami has scheduled a board meeting for May 21, 2026.
Narrative Update • Apr 22

531162: Interim Dividend Will Be Insufficient To Offset Rich Future P/E

Analysts have cut their price target on Emami from about ₹453 to ₹425, reflecting updated assumptions for slightly higher revenue growth, a marginally higher discount rate, and a lower future P/E multiple. What's in the News Board meeting scheduled for May 21, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 (company filing).
Narrative Update • Apr 08

531162: Interim Dividend And Revised Assumptions Will Support A Balanced Outlook

Analysts have trimmed their price target on Emami from ₹510 to about ₹453, pointing to updated assumptions around a lower future P/E multiple, an adjusted discount rate, and revised expectations for revenue growth and profit margins. What's in the News The board of directors declared a 2nd interim dividend of ₹6 per equity share of face value ₹1 each, described as 600% on 436,500,000 equity shares for the financial year 2025-26 (Key Developments).
Narrative Update • Mar 24

531162: Second Interim Dividend Will Support Bullish Long Term Outlook

Analysts have trimmed their price target on Emami by about ₹31 to reflect updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News The board approved a second interim dividend of ₹6 per equity share of ₹1 each, equal to 600% on 436,500,000 equity shares for FY 2025-26, with the record date set for 10 February 2026 and payment scheduled on or before 6 March 2026 (Key Developments).
Narrative Update • Mar 10

531162: February Dividend And Board Review Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for Emami to ₹637 from ₹651, citing slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E that point to a marginally more conservative outlook on the stock's valuation. What's in the News A board meeting on 4 February 2026 to review unaudited standalone and consolidated financial results for the quarter ended 31 December 2025 and to consider a 2nd interim dividend for FY 2025-26 (company filing).
Narrative Update • Feb 24

531162: Interim Dividend And Stable Assumptions Will Support A Balanced Outlook

Analysts have maintained their fair value estimate for Emami at ₹510. They have made only minor adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E, which feed into the updated price target rationale.
Narrative Update • Feb 10

531162: Board Review And Interim Dividend Will Shape A Balanced Outlook

Analysts have trimmed their price target for Emami from ₹540.54 to ₹510.00, citing refreshed assumptions that include slight adjustments to revenue growth, profit margins and the future P/E multiple under a marginally lower discount rate. What's in the News Emami has scheduled a board meeting on Feb 04, 2026 to review unaudited standalone and consolidated financial results for the quarter ended 31 December, 2025 (Key Developments).
Narrative Update • Jan 26

531162: February Board Meeting And Dividend Decision Will Reinforce Bullish Outlook

Analysts have trimmed their price target for Emami slightly to ₹651 from about ₹653. The adjustment reflects small tweaks to their fair value, discount rate, revenue growth and profit margin assumptions, alongside a marginally lower expected future P/E multiple.
Narrative Update • Jan 11

531162: February Dividend Decision Will Support Bullish Long-Term View

Analysts have made only a minor adjustment to their price view on Emami, with the updated fair value at ₹653.25. A slightly lower discount rate, along with revised assumptions for revenue growth, profit margin, and future P/E, serve to fine tune rather than overhaul the prior framework.
Narrative Update • Dec 24

531162: Upcoming Dividend Decision Will Support Bullish Long Term Outlook

Analysts have trimmed their price target on Emami from ₹883 to ₹807. This reflects slightly lower margin and valuation expectations that more than offset modestly stronger projected revenue growth and a reduced discount rate.
Narrative Update • Dec 10

531162: Interim Dividend Decision At November Meeting Will Support Bullish Outlook

Analysts have nudged their price target on Emami slightly higher to align with a fair value of ₹653.25. This reflects marginally lower perceived risk and a steady outlook on growth, margins, and future valuation multiples.
Narrative Update • Nov 26

531162: Board Will Consider Interim Dividend At November 10 Results Meeting

Analysts have revised their price target for Emami down from ₹697.96 to ₹653.25. They cite updated assessments of the company's growth prospects and valuation metrics as reasons for the change.
Narrative Update • Nov 10

531162: Board To Weigh Interim Dividend At November 10 Meeting

Analysts have slightly revised their price target for Emami downward from ₹706.24 to ₹697.96. This change reflects minor adjustments in growth and profitability expectations.
User avatar
New Narrative • Dec 26

Relaunching Fair And Handsome And Capitalizing On Dermicool Innovations Will Propel Earnings Growth

Strategic relaunches and product innovations aim to boost revenue, particularly in Fair and Handsome, Kesh King, Dermicool, and BoroPlus Soft segments.

Earnings and Revenue Growth Forecasts

BSE:531162 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202948,59710,0349,89411,29611
3/31/202845,4849,0778,3949,98921
3/31/202742,0248,0347,2528,62021
3/31/202637,7957,7537,5728,005N/A
12/31/202538,1757,943N/AN/AN/A
9/30/202537,1517,5386,8567,323N/A
6/30/202538,0728,181N/AN/AN/A
3/31/202538,0928,0658,5138,959N/A
12/31/202437,3747,932N/AN/AN/A
9/30/202436,8427,7267,5888,057N/A
6/30/202436,5857,385N/AN/AN/A
3/31/202435,7817,2357,3847,790N/A
12/31/202335,2287,191N/AN/AN/A
9/30/202335,0926,9788,1338,461N/A
6/30/202334,5817,035N/AN/AN/A
3/31/202334,0576,3967,0847,489N/A
12/31/202233,4288,511N/AN/AN/A
9/30/202233,3118,3391,4236,281N/A
6/30/202233,0948,350N/AN/AN/A
3/31/202231,8728,3901,6036,439N/A
12/31/202131,5245,707N/AN/AN/A
9/30/202131,1425,5977,3007,710N/A
6/30/202130,6014,929N/AN/AN/A
3/31/202128,8054,5478,8789,215N/A
12/31/202026,8253,903N/AN/AN/A
9/30/202025,6153,2576,2506,740N/A
6/30/202024,8763,033N/AN/AN/A
3/31/202026,5493,0293,7175,307N/A
12/31/201927,6093,357N/AN/AN/A
9/30/201927,5933,292N/A6,411N/A
6/30/201927,2723,158N/AN/AN/A
3/31/201926,9463,032N/A5,537N/A
12/31/201826,7033,073N/AN/AN/A
9/30/201826,1623,168N/AN/AN/A
6/30/201826,1613,328N/AN/AN/A
3/31/201825,3053,071N/A5,878N/A
12/31/201724,8753,302N/AN/AN/A
9/30/201724,4463,174N/AN/AN/A
6/30/201723,8872,848N/AN/AN/A
3/31/201724,8823,404N/A7,296N/A
12/31/201627,8553,347N/AN/AN/A
9/30/201627,8493,347N/AN/AN/A
6/30/201627,3103,291N/AN/AN/A
3/31/201623,5833,635N/A5,616N/A
12/31/201525,0674,215N/AN/AN/A
9/30/201524,1044,711N/AN/AN/A
6/30/201523,2545,025N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 531162's forecast earnings growth (8.6% per year) is above the savings rate (6.9%).

Earnings vs Market: 531162's earnings (8.6% per year) are forecast to grow slower than the Indian market (16.1% per year).

High Growth Earnings: 531162's earnings are forecast to grow, but not significantly.

Revenue vs Market: 531162's revenue (8.1% per year) is forecast to grow slower than the Indian market (10.9% per year).

High Growth Revenue: 531162's revenue (8.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 531162's Return on Equity is forecast to be high in 3 years time (25.4%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/21 05:58
End of Day Share Price 2026/06/19 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Emami Limited is covered by 44 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Parin Tanna360 ONE Capital Market Private Limited
null nullAnand Rathi Shares and Stock Brokers Limited
Ajay ThakurAnand Rathi Shares and Stock Brokers Limited