Emami to grow at 20% for next two years: Bhansali

Posted By: Religare
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Emami to grow at 20% for next two years: Bhansali
In an interview NH Bhansali, CFO and President, Emami, has told that for next two years company can grow in double digit of around 20 per cent in terms of EPS. Last fiscal EPS growth was 23 per cent and for the coming years CFO as well as the analyst community believes to continue such growth for coming two years.

The company is building very good fundamentals for the coming years. It has recently acquired the Zandu brand which has got great brand equity in market. Company has improved its quality, packaging and new advertisements helped company earning good profits. It has got one over the strongest Ayurveda brands. In the balm category, it has around 60% market share with its products Zandu balm and Mentho Plus balm.

Company has one more advantage of tax relief. Over 80 per cent of production is coming from those plants which are tax exempted. Hence, giving additional boost to the bottom line of the company.

With both the top line and bottom line improvements, company is confident enough to show good growth in coming years. In last fiscal year company registered a revenue growth of 23 per cent and the net profit growth of 35 per cent.

Read more about: bse, nse, emami, fmcg
Story first published: Friday, June 10, 2011, 9:30 [IST]
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