Emami stock: Margin pressure could persist, given high input costs

No doubt, Emami is expanding its other businesses such as retail and modern trade, but it may not move the needle much immediately

Emami is among the few consumer companies to be trading close to its 52-week low, at a time when investors have been lapping up shares in the segment. Concern over volume growth and margins are keeping the Street sceptical about the company's performance in the coming quarters. 

After a muted volume growth in the March 2018 quarter (around 9 per cent despite last year's low base, when volumes fell by 1.5 per cent), some analysts expect a revival in the rural economy to help improve Emami's volume performance. But the seasonality factor (as many of the company’s key brands/products are dependent