The global investment bank expects Emami’s growth to recover from H2FY23 after a very high base. Margin pressures will persist in the near term, it said. It marginally lowered FY23/24/25 EPS by 2-3 per cent. Emami trades at 26x FY24 earnings ~40 per cent discount to the peers, said the note.
Volatile yen draws intervention watch, other currencies subdued
In response to last week’s notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are conducting rate checks, hinting
September 21, 2026