diff --git a/zerver/lib/bulk_create.py b/zerver/lib/bulk_create.py
index 849d94943c..ec7e6b68a6 100644
--- a/zerver/lib/bulk_create.py
+++ b/zerver/lib/bulk_create.py
@@ -5,7 +5,8 @@ from typing import Any, Dict, Iterable, List, Optional, Set, Tuple, Union
 from zerver.lib.initial_password import initial_password
 from zerver.models import Realm, Stream, UserProfile, \
     Subscription, Recipient, RealmAuditLog
-from zerver.lib.create_user import create_user_profile
+from zerver.lib.create_user import create_user_profile, \
+    get_display_email_address
 
 def bulk_create_users(realm: Realm,
                       users_raw: Set[Tuple[str, str, str, bool]],
@@ -21,10 +22,6 @@ def bulk_create_users(realm: Realm,
         realm=realm).values_list('email', flat=True))
     users = sorted([user_raw for user_raw in users_raw if user_raw[0] not in existing_users])
 
-    # If we have a different email_address_visibility mode, the code
-    # below doesn't have the logic to set user_profile.email properly.
-    assert realm.email_address_visibility == Realm.EMAIL_ADDRESS_VISIBILITY_EVERYONE
-
     # Now create user_profiles
     profiles_to_create = []  # type: List[UserProfile]
     for (email, full_name, short_name, active) in users:
@@ -34,7 +31,19 @@ def bulk_create_users(realm: Realm,
                                       timezone, tutorial_status=UserProfile.TUTORIAL_FINISHED,
                                       enter_sends=True)
         profiles_to_create.append(profile)
-    UserProfile.objects.bulk_create(profiles_to_create)
+
+    if realm.email_address_visibility == Realm.EMAIL_ADDRESS_VISIBILITY_EVERYONE:
+        UserProfile.objects.bulk_create(profiles_to_create)
+    else:
+        for user_profile in profiles_to_create:
+            user_profile.email = user_profile.delivery_email
+
+        UserProfile.objects.bulk_create(profiles_to_create)
+
+        for user_profile in profiles_to_create:
+            user_profile.email = get_display_email_address(user_profile, realm)
+        UserProfile.objects.bulk_update(profiles_to_create, ['email'])
+
     user_ids = {user.id for user in profiles_to_create}
 
     RealmAuditLog.objects.bulk_create(
diff --git a/zerver/tests/test_users.py b/zerver/tests/test_users.py
index 615cda54bc..bf278f928b 100644
--- a/zerver/tests/test_users.py
+++ b/zerver/tests/test_users.py
@@ -30,6 +30,7 @@ from zerver.lib.exceptions import JsonableError
 from zerver.lib.send_email import send_future_email, clear_scheduled_emails, \
     deliver_email
 from zerver.lib.actions import (
+    create_users,
     get_emails_from_user_ids,
     get_recipient_info,
     do_deactivate_user,
@@ -583,6 +584,46 @@ class PermissionTest(ZulipTestCase):
                                    {'profile_data': ujson.dumps(new_profile_data)})
         self.assert_json_error(result, 'Insufficient permission')
 
+class BulkCreateUserTest(ZulipTestCase):
+    def test_create_users(self) -> None:
+        realm = get_realm('zulip')
+        realm.email_address_visibility = Realm.EMAIL_ADDRESS_VISIBILITY_ADMINS
+        realm.save()
+
+        name_list = [
+            ('Fred Flinstone', 'fred@zulip.com'),
+            ('Lisa Simpson', 'lisa@zulip.com'),
+        ]
+
+        create_users(realm, name_list)
+
+        fred = get_user_by_delivery_email('fred@zulip.com', realm)
+        self.assertEqual(
+            fred.email,
+            'user{}@zulip.testserver'.format(fred.id)
+        )
+
+        lisa = get_user_by_delivery_email('lisa@zulip.com', realm)
+        self.assertEqual(lisa.full_name, 'Lisa Simpson')
+        self.assertEqual(lisa.is_bot, False)
+        self.assertEqual(lisa.bot_type, None)
+
+        realm.email_address_visibility = Realm.EMAIL_ADDRESS_VISIBILITY_EVERYONE
+        realm.save()
+
+        name_list = [
+            ('Bono', 'bono@zulip.com'),
+            ('Cher', 'cher@zulip.com'),
+        ]
+
+        create_users(realm, name_list)
+        bono = get_user_by_delivery_email('bono@zulip.com', realm)
+        self.assertEqual(bono.email, 'bono@zulip.com')
+        self.assertEqual(bono.delivery_email, 'bono@zulip.com')
+
+        cher = get_user_by_delivery_email('cher@zulip.com', realm)
+        self.assertEqual(cher.full_name, 'Cher')
+
 class AdminCreateUserTest(ZulipTestCase):
     def test_create_user_backend(self) -> None: