Emami Share News: Company enters new business, announces new shopping

EMAMI share price news: The company entered the fruit juice business. On Thursday, the company’s shares closed at Rs 512.70, up 0.14 per cent.

EMAMI has announced to buy a stake in the company. In the information given to the exchange, the company said that AXIOM will buy 26% stake in AYURVEDA. On Thursday, the company’s shares closed at Rs 512.70, up 0.14 per cent.

Company entered into fruit juice business-

Emami Limited, one of the leading personal care and healthcare companies, announces its entry into juice category with ‘Allofruit’ by acquiring 26% equity stake through strategic investment in Axiom Ayurveda Pvt. Ltd. (“Axiom”) and its subsidiaries/associates. Is of.

EMAMI stock performance: The stock has fallen 2 percent in a week. The stock has increased by 24 percent in three months. The share has given a return of 2 percent in one year.

The stock has increased by 45 percent in three years. In comparison to the April-June quarter of the financial year 2022-23, the company’s profit increased from Rs 74 crore to Rs 138 crore in the April-June quarter of the financial year 2023-24. A year ago it was Rs 74 crore.

The company’s income increased from Rs 773 crore to Rs 826 crore. EBITDA i.e. working profit increased from Rs 173 crore to Rs 190 crore. EBITDA margin increased from 22.4% to 23%.

What does AXIOM AYURVEDA do?The Medical Officer planted the first sapling of Axiom Ayurveda in Ambala Cantt, Haryana in 1995. Axiom is carried forward by his grandson Rishabh Gupta, a Europe-educated technologist with a diploma in international marketing. He led Axiom in its growth plans with new technologies, attractive packaging and better engagement with consumers. Under his leadership, Axiom reached new heights by introducing new segments.

Axiom produces over 100 types of herbal and fruit juices. Deals in skin care, herbal juices, healthy herbal shots and fruit juices containing aloe vera. Its objective is to research, develop and provide the best quality Ayurvedic products at affordable prices to the world to make the world healthier and create the axiom; Most trusted brand in Ayurveda

Source link

Leave a Comment