Emami Slips 2% as Jefferies Cuts Target to Rs 620 on Weak Q4 Print
Emami's Q4FY26 missed across the board: net profit fell 11.7% to Rs 143 cr, revenue dipped 3.9% to Rs 925 cr, and EBITDA margin contracted 260 bps to 20.2%. Jefferies retained 'Buy' but trimmed the target to Rs 620 from Rs 650, citing flat 5-year EBITDA and seasonal demand misses. FY27-28 EPS estimates cut 6-8%.
What happened
Emami shares fell ~2% after weak Q4FY26 results: profit down 12%, revenue down 4%, EBITDA margin contracted 260bps. Jefferies kept 'buy' but cut target to Rs
Key facts
- target Rs 620 (from Rs 650)
- stock -2.27% at Rs 407.20
- net profit Rs 143 cr (-11.7%)
- revenue Rs 925 cr (-3.9%)
- EBITDA Rs 187 cr (-14.9%)
- EBITDA margin 20.2% (-260bps)
- FY27-28 EPS cut 6-8%
Why this matters
Emami's weakened print and de-rated multiple open a window to evaluate bolt-on acquisitions in non-seasonal personal care or explore strategic partnerships to offset the structural growth stagnation.