4 stories mentioning BOM:531162Updated 19d ago
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Emami (NSE:EMAMILTD, BOM:531162) said it has increased its stake in IncNut Digital to 60% from 59.69% following the acquisition of 1,064 equity shares, according to a Friday filing on Indian exchanges.The transaction was completed on June 11, the filing said.Shares of the consumer goods company rose over 1% in recent trade.
Emami (NSE:EMAMILTD, BOM:531162) has an average rating of buy and mean price target of 605.86 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Emami's (NSE:EMAMILTD, BOM:531162) consolidated attributable profit declined to 1.43 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.62 billion rupees a year ago.Earnings per share contracted to 3.28 rupees from 3.72 rupees a year earlier, the personal care products company said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 also fell to 9.25 billion rupees from 9.63 billion rupees a year ago.The company's shares were down nearly 4% in recent trade.
Personal care products company Emami (NSE:EMAMILTD, BOM:531162) agreed to acquire a 60% stake in IncNut Digital for up to 3.21 billion Indian rupees, according to a Thursday filing to the Indian stock exchanges.IncNut Digital, through its wholly owned subsidiary IncNut Lifestyle Retail, is engaged in the personalized beauty and personal care segment under the Vedix and SkinKraft brands.The transaction, which is expected to be completed in 30 days, includes performance-linked adjustments over 24 months.Emami also plans to acquire the remaining stake in IncNut Digital within the next four and a half years in two tranches, subject to certain financial milestones.The company's shares were up nearly 1% in recent trade.
