Emami Ltd, founded in 1974 by Radhe Shyam Agarwal and Radhe Shyam Goenka, is a leading Indian multinational conglomerate based in Kolkata, West Bengal. Over the years, the company has expanded its reach across various sectors, including personal care, healthcare, and Fast-Moving Consumer Goods (FMCG), establishing a strong presence in over 70 countries. Emami is renowned for its diverse portfolio, featuring more than 450 products across 20+ brands. Some of its most iconic brands include BoroPlus, a widely trusted antiseptic cream; Navratna, a popular range of cooling oils and talcs; Fair and Handsome, a pioneering fairness cream for men; and Zandu, a well-known name in healthcare products.
The company’s growth is fueled by its commitment to innovation and quality, consistently developing new and improved solutions to meet consumer needs. Emami’s focus on research and development has helped it maintain a competitive edge in the FMCG sector. With its robust brand portfolio and strategic expansion efforts, Emami Ltd continues to strengthen its position as a leading player in both the Indian and global markets.
Recent news about Emami Ltd
Recently, Emami Limited has made notable advancements in both the health and wellness sector and its international operations. Through its brand Zandu Care, the company is revolutionizing modern Ayurveda by blending traditional Ayurvedic wisdom with contemporary scientific approaches. Under the leadership of Harsha Vardhan Agarwal, Zandu Care offers a diverse range of natural products focused on promoting holistic health. Additionally, Emami has resumed its operations in Bangladesh, alongside other Indian FMCG giants like Marico and Dabur, following recent disruptions caused by violence in the region. This resumption marks a return to stability for the company’s business activities in Bangladesh.
Shareholding Patterns of Emami Limited
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 54.52% | 54.84% | 54.84% | 54.84% | 54.84% |
| FIIs + | 11.46% | 11.90% | 12.86% | 13.46% | 14.02% |
| DIIs + | 26.22% | 25.21% | 23.94% | 22.06% | 21.61% |
| Public + | 7.81% | 8.05% | 8.35% | 9.63% | 9.53% |
| No. of Shareholders | 89,955 | 79,216 | 82,151 | 91,334 | 97,258 |
The shareholding pattern of the company from June 2023 to June 2024 shows a steady dominance by promoters, holding at 54.84% from September 2023 onwards, slightly up from 54.52% in June 2023. Foreign Institutional Investors (FIIs) increased their stake from 11.46% to 14.02% over the same period, while Domestic Institutional Investors (DIIs) reduced their holdings from 26.22% to 21.61%. Public shareholding rose from 7.81% to 9.53%, with a peak of 9.63% in March 2024. Additionally, the number of shareholders grew from 89,955 to 97,258, reflecting increased retail interest in the company’s stock.
How to buy Emami Ltd Shares in India?
Below are the trading platforms that you can use to purchase Emami Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Emami Ltd Share Price Target: 2024 To 2030
Emami Ltd Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 857.05 | 745.26 |
| October 2024 | 840.25 | 730.65 |
| November 2024 | 873.86 | 759.88 |
| December 2024 | 882.60 | 767.48 |
In 2024, as we approach September, the maximum price is projected to be ₹857.05, with a minimum price of ₹745.26. Moving into October, the expected maximum price is ₹840.25, while the minimum price is anticipated to be ₹730.65. In November, Emami Ltd’s maximum price is forecasted to reach ₹873.86, with a minimum price of ₹759.88. Finally, as we approach December, the maximum price for Emami Ltd is expected to be ₹882.60, and the minimum price is projected to be ₹767.48.
Emami Ltd Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 891.42 | 685.71 |
| February 2025 | 900.43 | 692.64 |
| March 2025 | 919.34 | 707.18 |
| April 2025 | 910.23 | 700.18 |
| May 2025 | 883.72 | 679.79 |
| June 2025 | 923.49 | 710.38 |
| July 2025 | 905.38 | 696.45 |
| August 2025 | 933.38 | 717.99 |
| September 2025 | 944.58 | 726.60 |
| October 2025 | 969.14 | 745.50 |
| November 2025 | 993.37 | 764.13 |
| December 2025 | 1,038.07 | 798.52 |
In 2025, as we step into January, the maximum price is expected to be ₹891.42, with a minimum of ₹685.71. By December, the maximum is projected to reach ₹1,038.07, while the minimum price is anticipated to be ₹798.52.
Emami Ltd Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 1,069.22 | 822.47 |
| February 2026 | 1,042.49 | 801.91 |
| March 2026 | 1,063.34 | 817.95 |
| April 2026 | 1,085.04 | 834.64 |
| May 2026 | 1,074.29 | 826.38 |
| June 2026 | 1,101.15 | 847.04 |
| July 2026 | 1,079.56 | 830.43 |
| August 2026 | 1,112.95 | 856.11 |
| September 2026 | 1,135.21 | 873.24 |
| October 2026 | 1,164.72 | 895.94 |
| November 2026 | 1,193.84 | 918.34 |
| December 2026 | 1,223.69 | 941.30 |
Emami Ltd Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 1,235.92 | 950.71 |
| February 2027 | 1,267.61 | 975.09 |
| March 2027 | 1,317.05 | 1,013.12 |
| April 2027 | 1,291.23 | 993.25 |
| May 2027 | 1,253.62 | 964.32 |
| June 2027 | 1,310.03 | 1,007.72 |
| July 2027 | 1,284.34 | 987.96 |
| August 2027 | 1,324.07 | 1,018.51 |
| September 2027 | 1,370.41 | 1,054.16 |
| October 2027 | 1,406.04 | 1,081.57 |
| November 2027 | 1,441.19 | 1,108.61 |
| December 2027 | 1,477.22 | 1,136.32 |
Emami Ltd Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 1,506.76 | 1,159.05 |
| February 2028 | 1,545.40 | 1,188.77 |
| March 2028 | 1,605.67 | 1,235.13 |
| April 2028 | 1,574.19 | 1,210.91 |
| May 2028 | 1,528.34 | 1,175.64 |
| June 2028 | 1,597.11 | 1,228.55 |
| July 2028 | 1,565.79 | 1,204.46 |
| August 2028 | 1,614.22 | 1,241.71 |
| September 2028 | 1,670.72 | 1,285.17 |
| October 2028 | 1,714.16 | 1,318.58 |
| November 2028 | 1,757.01 | 1,351.55 |
| December 2028 | 1,800.94 | 1,385.34 |
Emami Ltd Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,836.96 | 1,413.04 |
| February 2029 | 1,884.06 | 1,449.27 |
| March 2029 | 1,957.54 | 1,505.80 |
| April 2029 | 1,919.15 | 1,476.27 |
| May 2029 | 1,863.25 | 1,433.27 |
| June 2029 | 1,947.10 | 1,497.77 |
| July 2029 | 1,908.92 | 1,468.40 |
| August 2029 | 1,967.96 | 1,513.82 |
| September 2029 | 2,036.84 | 1,566.80 |
| October 2029 | 2,089.80 | 1,607.54 |
| November 2029 | 2,142.04 | 1,647.73 |
| December 2029 | 2,195.59 | 1,688.92 |
Emami Ltd Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 2,239.51 | 1,722.70 |
| February 2030 | 2,296.93 | 1,766.87 |
| March 2030 | 2,386.51 | 1,835.78 |
| April 2030 | 2,339.72 | 1,799.78 |
| May 2030 | 2,271.57 | 1,747.36 |
| June 2030 | 2,373.79 | 1,825.99 |
| July 2030 | 2,327.24 | 1,790.19 |
| August 2030 | 2,399.22 | 1,845.55 |
| September 2030 | 2,483.19 | 1,910.15 |
| October 2030 | 2,547.76 | 1,959.81 |
| November 2030 | 2,611.45 | 2,008.81 |
| December 2030 | 2,676.74 | 2,059.03 |
As we step into January, the maximum price is projected to be ₹2,239.51, with a minimum of ₹1,722.70. By December, the maximum price is expected to rise to ₹2,676.74, while the minimum price will be around ₹2,059.03.
Financial Condition of Emami Ltd: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,655 | 2,881 | 3,192 | 3,406 | 3,578 | 3,658 |
| Expenses + | 1,970 | 2,000 | 2,254 | 2,550 | 2,632 | 2,688 |
| Operating Profit | 685 | 880 | 938 | 855 | 946 | 971 |
| OPM % | 26% | 31% | 29% | 25% | 26% | 27% |
| Other Income + | 46 | 69 | 90 | 69 | 41 | 43 |
| Interest | 21 | 13 | 5 | 7 | 10 | 10 |
| Depreciation | 336 | 367 | 335 | 247 | 186 | 184 |
| Profit before tax | 374 | 569 | 688 | 670 | 791 | 820 |
| Tax % | 19% | 20% | -22% | 6% | 8% | |
| Net Profit + | 302 | 455 | 837 | 627 | 724 | 738 |
| EPS in Rs | 6.67 | 10.23 | 19.02 | 14.5 | 16.58 | 16.92 |
| Dividend Payout % | 60% | 78% | 42% | 55% | 48% |
Over the past five years, the company has shown consistent growth in its financial performance. Sales have steadily increased from ₹2,655 crore in March 2020 to ₹3,578 crore in March 2024, with the trailing twelve months (TTM) reflecting further growth to ₹3,658 crore. Expenses have also risen, from ₹1,970 crore in March 2020 to ₹2,688 crore in the TTM period, though operating profit remained strong, peaking at ₹946 crore in March 2024. The Operating Profit Margin (OPM) fluctuated slightly, reaching a high of 31% in March 2021 but stabilizing around 26-27% in recent years.
The company’s profit before tax (PBT) grew from ₹374 crore in March 2020 to ₹820 crore in the TTM period, reflecting sound financial management despite some variability in other income and interest expenses. Notably, the tax rate varied widely, with an unusual -22% in March 2022, likely due to adjustments, before stabilizing around 6-8% in subsequent years. Net profit nearly doubled from ₹302 crore in March 2020 to ₹724 crore in March 2024, with an EPS rising from ₹6.67 to ₹16.58 over the same period. Dividend payout ratios fluctuated, peaking at 78% in March 2021, indicating a balanced approach to rewarding shareholders while retaining earnings for growth. Overall, the company has demonstrated solid financial health with consistent profitability and a focus on shareholder value.
Motilal Oswal on Emami Ltd share price target.
Motilal Oswal recommends purchasing Emami Ltd with a target price of Rs 950.
FAQs
What is Emami Ltd’s current market cap?
As of August 20th, 2024, Emami Ltd’s market capitalization stands at ₹35,084 crores.
What is the current share price of Emami Ltd?
The current share price of Emami Ltd is ₹809.87 as of August 20th, 2024.
What is the share price target for Emami Ltd for 2025?
The share price target for Emami Ltd for December 2025 ranges from a minimum of ₹798.52 to a maximum of ₹1,038.07.
What is the share price target for Emami Ltd for 2030?
The share price target for Emami Ltd for December 2030 ranges from a minimum of ₹2,059.03 to a maximum of ₹2,676.74.
What is Emami Ltd’s current Price-to-Earnings (P/E) ratio?
The current P/E ratio of Emami Ltd is 47.4.
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Conclusion: Evaluating Emami Ltd’s Investment Prospects
In conclusion, Emami Ltd has showcased Strong financial performance with consistent sales growth, reaching ₹3,578 crore in March 2024 and expanding further in the TTM to ₹3,658 crore. The company’s net profit has surged from ₹302 crore in March 2020 to ₹724 crore in March 2024, supported by a stable operating profit margin and a strong Earnings Per Share (EPS) of ₹16.58. Looking ahead, Emami’s share price is expected to increase significantly, with projections for December 2025 ranging up to ₹1,038.07 and for December 2030 reaching as high as ₹2,676.74. This growth, combined with a solid market capitalization of ₹35,084 crores and a P/E ratio of 47.4, highlights Emami Ltd’s strong financial health and promising investment potential.
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