Given the company's core competencies and the leadership position in most categories it is present in, we remain optimistic in terms of the company's financials. While we believe, Kesh King's acquisition enriches Emami's Hair Care portfolio in terms of another brand addition, we believe that given the high debt resulting in increased interest expense and decrease in other income, the acquisition will be EPS dilutive by 4%/0.5% in FY16E/17E (refer exhibit below for...