Reduce Emami, target price Rs 450: HDFC Securities
GM is expected to improve sequentially but operating margin will remain under pressure owing to weak revenue show. The brokerage models 15% YoY decline in EBITDA. EBITDA margin at ~30%.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
