In the December quarter 2024-25, Emami and Adani Wilmer have caught everyone’s attention in the market with their strong results. On the one hand, Emami recorded growth from the strong sales of his products despite slow demand, while on the other hand, Adani Wilmer increased the profits by performing brilliantly in the edible oil and FMCG business. Now the major brokerage house ICICI Securities and Nuwama have given their opinion about both companies.
ICICI Securities Opinion on Emami: Add rating
ICICI Securities has given an add rating to Emami. Brokerage believes the company has done better despite the sluggishness in demand. The strong growth of Boroplus and Healthcare Range has supported domestic business. Relavanching the Fair & Handsome as Smart & Handsome and presenting Kesh King Shampoo in Sachets can promote future growth. However, the weak performance of Helios and Brillare (13% fall) was a matter of concern for brokerage.
Target Price: Rs 680
ICICI Securities has increased Emami’s target from 600 to 680. It is giving 22 per cent returns in the long term as compared to its closed price 554 today.
Opinion of ICICI Securities on Adani Wilmer: Buy Rating
Adaani Wilmer has been given a BUY rating by ICICI Securities. Brokerage says the company has performed strongly in the edible oil and FMCG segment. Revenue increased by 38% in edible oil business, while the FMCG segment recorded a growth of 22%.
Brokerage believes that the company’s focus is on the expansion of the foods segment, which can increase from the current 17% to 30%. This step will help reduce the instability of edible oil business.
Target Price: Rs 360
ICICI Securities has kept the target price of Adani Wilmer at Rs 360 and has advised investors to buy in it. Today the company’s stock closed at 261.20. Accordingly, it can give a return of 38%.
Nuwama’s opinion: Buy rating on both Emami and Adani Wilmer
Emami:
Nuwama has given Buy rating to Emami and described the company’s performance as stable. Brokerage has been considered positive by 9% growth in the domestic market and reaching 32.3% of Ebitda margin. Brokerage says that brands like the company’s healthcare and boroplus have made strong contribution.
Adani Wilmer:
Nuwama has also given a Buy rating to Adani Wilmer. Brokerage believes that the company’s strategy and performance can further increase growth in future. Extending Foods and FMCG business is a major step for the company.
Target Price:
Emami: 970 rupees. Today, a return of 75% can be received against the closed price 554.
Adani Wilmer: Rs 424 (earlier Rs 455). According to today’s closed price 261.20, it can get a return of 69%.
Both ICICI Securities and Nuwama Brokerage House believe that investing in Emami and Adani Wilmer can be a profitable deal. The expansion of Adani Wilmer’s Foods segment and Emami’s new branding strategy can take these companies on a new dimension of growth in future.
Disclaimer: This information is only for information based on the report of brokerage, take expert advice before investing.