loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Emami Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Emami Ltd. 10 Nov 2025 15:14 PM
Result PDF

Q2FY26 Quarterly Result Announced for Emami Ltd.

Personal Products company Emami announced Q2FY26 results

  • Consolidated revenues for the quarter stood at Rs 799 crore, declining by 10% on a YoY basis. Excluding GST-impacted categories, non-impacted portfolio cohorts delivered encouraging results growing by 10% during the quarter.
  • Gross Margins remained stable at 71.0 %, underscoring the Company's cost discipline and input price stability.
  • EBITDA for the quarter stood at Rs 179 crore, declining by 29%, while PAT stood at Rs 148 crore, declining 30%; both reflecting the temporary impact of lower topline.
  • The Board of Directors also declared an interim dividend of 400%, amounting to Rs 4 per share for FY26.

Harsha V Agarwal, Vice Chairman and Managing Director, Emami said: “We are happy that over 90% of our core domestic portfolio now falls under the lowest GST rate of 5%, making our products more affordable and accessible to consumers. The quarter’s performance was a temporary impact of trade disruptions linked to the pending GST revision and weak summer. With improving market sentiment and a favourable season ahead, we remain confident of strong growth in the coming quarters. Our bottom line remains stable, with costs well managed despite global supply chain challenges due to geo-political issues. To meet our growth aspirations, going forward, we will continue to strengthen our portfolio through premiumisation and value-added innovation to stay aligned with the evolving preferences of our consumers”

Mohan Goenka, Vice Chairman and Whole-Time Director, Emami said: “October marked a clear turning point, with trade sentiment rebounding and deferred winter loading recovering, putting us on a solid footing for the second half of the year. I am also pleased to share that our non-GST impacted portfolio delivered 10% growth in Q2 signifying that consumer demand remained intact. These gains, coupled with normalisation of trade post GST reforms, and the positive of impact of strategic interventions position us to sustain profitable growth in the second half and strengthen our foundation for long-term value creation and market leadership”

Result PDF

Result PDF

Personal Products company Emami announced Q1FY26 results

  • Revenues: Rs 904 crore for Q1FY26.
  • Gross Margins expanded by 170 basis points to 69.4%.
  • EBITDA stood at Rs 214 crore.
  • Profit After Tax grew 9% YoY to Rs 164 crore.

Harsha V Agarwal, Vice Chairman & Managing Director, Emami, said: “Our performance this quarter reflects the underlying strength and resilience of our brands, even in the face of an unusually subdued summer. Our Talc/PHP category maintained a 2-year CAGR of 13%. Our flagship brands are being future-proofed; Kesh King is undergoing a strategic transformation to enhance long-term relevance, while Smart & Handsome is expanding into adjacent male grooming categories. The Man Company’s return to growth in June 2025 is especially encouraging, and we are confident of sustaining this trajectory through sharper positioning and a comprehensive brand revamp. Looking ahead, we are optimistic about growth in the coming months, driven by strong monsoon conditions, easing inflation, and potential interest rate reductions. These factors are expected to support a recovery in consumption and strengthen overall economic momentum "

Mohan Goenka, Vice Chairman & Whole-Time Director, Emami, said: " We are pleased with the strong momentum in our organised channels—Quick commerce, in particular, scaled nearly 3x YoY, affirming the success of our omnichannel approach. Despite a flattish topline, we delivered a 9% growth in Profit After Tax, underscoring our sharp focus on profitability and operational efficiency. We remain confident in our margin trajectory, supported by favourable input costs and operational efficiencies. With an innovation-led portfolio, and a strong digital-first brand strategy, we are well-positioned to accelerate growth. As macro conditions begin to improve with a strong monsoon and easing inflation, we are confident that consumer demand will gradually strengthen. Our strategic levers are in place, and we remain committed to driving sustained, profitable growth in the quarters ahead.”

Result PDF

Personal Products company Emami announced Q3FY25 results

  • Revenue from Operations at Rs 1,049 crore grew by 5%.
    • Core Domestic Business grew by 9% with 6% volume growth.
  • Gross Margins at 70.3% improved by 150 bps.
  • EBIDTA at Rs 339 crore grew by 8%.
    • EBIDTA margins improved by 70 basis points to 32.3%.
  • Profit after Tax at Rs 279 crore grew by 8%.

Harsha V Agarwal, Vice Chairman and Managing Director, Emami, said: "I am pleased to announce a healthy 9% growth in our core domestic business, driven by a healthy 6% increase in volume in Q3FY25. This marks the second quarter with high single-digit growth, coupled with expansion in both Gross margins and EBIDTA margins despite rising input costs across the sector. Our targeted distribution strategies for new-age channels have played a vital role in driving success across the business. Strategic initiatives for Kesh King and male grooming along with the expected revival of International Business, position us confidently for sustained, robust growth going ahead. These results reaffirm our confidence in the positive outlook for FY25 and our steadfast commitment to delivering long-term value to our stakeholders."

Mohan Goenka, Vice Chairman and Whole-Time Director, Emami, said: "FY25 is shaping up to be a promising year as we continue to deliver profit-driven growth, achieving improved margins across the board and outperforming industry benchmarks. EBITDA increased by 8% during the quarter, with margins expanding by 70 basis points underscoring our strong focus on operational excellence. The strategic rebranding of Fair and Handsome to Smart and Handsome, inspired by deep consumer insights coupled with strategic initiatives for skin care and haircare brands offers significant growth potential.”

Result PDF

Personal Products company Emami announced Q2FY25 results

  • Revenue from Operations at Rs 891 crore grew by 3%.
    • Domestic Business grew by 2.6%.
    • International Business grew by 6%; 12% growth excl. Bangladesh.
  • Gross Margins at 70.7% improved by 60 bps.
    • EBIDTA at Rs 250 crore grew by 7% of EBIDTA margins improved by 110 basis points to 28.1%.
  • PBT at Rs 220 crore grew by 13%.
  • PAT at Rs 213 crore grew by 19%.
  • Increased stake in Helios Lifestyle (The Man Company) from 50.4% to 98.3%.
  • The Board of Directors declared an interim dividend of 400%, amounting to Rs 4 per share for FY25.

Harsha V Agarwal, Vice Chairman and Managing Director, Emami, said: We are pleased to close the first half of the year with strong performance, achieving 6% revenue growth, 10% EBITDA growth, and a 16% profit increase despite macroeconomic challenges. For H2FY25, we expect stronger offtakes driven by improved urban demand and stable seasons ahead.

Our international business demonstrated resilience despite geopolitical challenges, delivering double-digit growth, excluding Bangladesh. Besides good performance of our existing brands, strategic investments and the recent launch of 11 new domestic products are set to boost consumer confidence and drive double-digit revenue growth in the second half.”

Mohan Goenka, Vice Chairman and Whole-Time Director, Emami, said: “Organized channels like Modern Trade, e-Commerce, and Institutional sales now contribute 26.6% to our domestic business, a 190-basis point increase in the first half. We remain committed to achieving high single-digit revenue growth and double-digit EBITDA growth for FY25.

The Q3 relaunch of Fair and Handsome and focused efforts on Kesh King strengthen our confidence in driving H2 growth. With a favourable winter forecast, we expect strong performance from our winter portfolio."

Result PDF

Personal Products company Emami announced Q1FY25 results:

  • Revenue from Operations at Rs 906 crore grew by 10%
  • Domestic Business grew by 10% with a volume growth of 8.7%
  • International Business grew by 11% growth in Constant currency
  • Gross Margins at 67.7% improved by 230 bps
  • EBIDTA at Rs 216 crore grew by 14% despite 21% higher investments in A&P
  • EBIDTA margins improved by 90 basis points to 23.9%
  • PBT at Rs 178 crore grew by 19%
  • PAT at Rs 153 crore grew by 11%

Harsha V Agarwal, Vice Chairman and Managing Director, Emami Limited said: “I am very happy to announce a strong and profitable growth this quarter, highlighted by robust domestic volume growth of 8.7%, a befitting start to the new financial year as we celebrate our 50th Anniversary. Our summer portfolio performed exceptionally well, led by the stellar performances of our power brands, Navratna and Dermicool. Modern trade, eCommerce, and institutional channels continued to post strong growth in the Domestic business and our International Business also witnessed impressive growth of 11% in constant currency driven by the MENA and SAARC regions. As we move forward, we remain committed to delivering sustainable and profitable volume-led growth.”

Mohan Goenka, Vice Chairman and Whole-Time Director, Emami Limited said: "I am delighted to share that while our sales grew in double digits, our profits grew even faster with a 14% growth in EBITDA, despite 21% higher investments behind our brands. Our EBITDA margins also improved by 90 basis points. We continue to focus on our strategy to improve our distribution, invest aggressively in our key brands, and drive market share growth across our portfolio. With the forecast of a normal monsoon and the government's continued focus on macro-economic growth, we expect growth to accelerate in the coming months."

Result PDF

Personal Products company Emami announced Q4FY24 results:

  • Consolidated Net Sales at Rs 881 crore grew by 8%
  • Revenue from Operations at Rs 891 crore grew by 7%
  • Domestic Business grew by 8% (Volume growth of 6.4%)
  • International Business grew by 8% (Constant currency growth of 9%)
  • Gross Margins at 65.8% improved by 270 bps
  • EBIDTA at Rs 211 crore grew by 6% despite 39% higher investments in A&P
  • PAT at Rs 149 crore grew by 3%

Harsha V Agarwal, Vice Chairman and Managing Director, Emami Limited said: “We are very happy to have delivered a growth of 8% in our consolidated net sales, led by a domestic volume growth of 6.4% in the fourth quarter, driven by most of our key brands. Despite facing geo-political challenges, our international business continued to perform well and achieved a commendable 9% growth in constant currency terms. We expect our core brands to deliver a healthy all-round growth going forward, aided by recovery in rural, a strong summer and forecast of a good monsoon. Our strategic investments in innovative start-ups are expected to continue their robust growth and improve their profitability.”

Mohan Goenka, Vice Chairman and Whole-Time Director, Emami Limited said: “We are pleased to have closed the fourth quarter with a 6% growth in EBIDTA despite 39% higher investment in marketing promotions. It is encouraging to witness signs of market recovery with rural gradually bouncing back. Our contribution from organised channels has increased to 26% of our domestic business from 22% in FY23. Our enhanced investment in A&P to strengthen brand visibility and strategic distribution initiatives likes Project Khoj and other digital interventions are expected to provide impetus to our sales going forward. Our outlook is positive for the near and mid-term and we aim to deliver healthy growth supported by favourable operating environment.”

Result PDF

Personal Products company Emami announced Q3FY24 & 9MFY24 results:

Financial Performance:
- Consolidated Revenues: Q3FY24 at Rs 996 crore with a 1% growth, and 9MFY24 at Rs 2,686.8 crore with a 5% growth.
- EBIDTA: Q3FY24 at Rs 315 crore, up by 7%, and 9MFY24 at Rs 738.5 crore, up by 11%.
- PAT (Profit After Tax): Q3FY24 at Rs 258 crore, increased by 9%, and 9MFY24 at Rs 577.4 crore, increasing by 16%.

Business Segments:
- Domestic Business: Reported flat growth for Q3; non-winter products grew by 5%.
- International Business: Registered an 8% growth in Rs and a constant currency growth of 11% on a Q3FY24 basis, dominant in the MENAP region.

Margins:
- Gross Margin: Improved by 290 basis points to 68.8% in Q3FY24.
- EBIDTA Margin: Increased by 170 basis points in Q3FY24.
- PAT Margin: Improved by 180 basis points in Q3FY24.

Dividends:
- Declared an interim dividend of 400%, which amounts to Rs 4/- per share.

Harsha V Agarwal, Vice Chairman and Managing Director: "I am happy that we could deliver another quarter of resilient performance along with substantially improved profitability with a 7% growth in EBIDTA and 9% growth in Profit after Tax, despite subdued demand in Q3. Disrupted winter, weak rural demand, and continued inflationary woes impacted the winter and discretionary offtakes. We remain committed to delivering volume-led profitable growth going forward aided by accelerated scale-up of emerging channels, distribution initiatives, ongoing brand and strategic investments coupled with the launch of innovative products."

Mohan Goenka, Vice Chairman and Whole-Time Director: "We showcased our adaptability in the face of changing market dynamics to post a resilient revenue growth despite a delayed winter. Our International business posted an impressive 11% constant currency growth led by the MENAP region. Our commitment to innovation remains unwavering, marked by the launch of various new innovative products both in domestic and international markets, underscoring our dedication to driving future growth and delivering value to our stakeholders."

 

 

Result PDF

Personal Products company Emami announced Q2FY24 results:

1. Financial Performance
- Consolidated revenues grew by 6% to reach Rs 865 crore.
- Emami posted a resilient performance in Q2FY24 with a 20% growth in EBIDTA.
- Domestic business grew by 4%, while international business grew by 12%.

2. Operational Highlights
- Emami achieved a commendable 2% volume growth in the domestic business, driven by channels catering to urban markets.
- International business delivered a constant currency growth of 16%, with robust performances in the SAARC and MENAP regions.
- Gross margins improved by 350 basis points, reaching 70.1%.
- Introduction of innovative digital-first products in the domestic business, including Glycerine bathing bars and organic onion hair masks.

3. Strategic Investments
- Emami acquired a 26% stake in Axiom Ayurveda Pvt. Ltd, which plays in the fruit-based nectars category under the brand 'AloFrut'.
- Axiom markets a refreshing and healthy fusion of aloe vera pulp and fruit blends.

4. Dividend Declaration
- The Board of Directors declared an interim dividend of 400% amounting to Rs 4 per share for FY24.
- The dividend reflects the company's strong performance and commitment to rewarding shareholders.

Harsha V Agarwal, Vice Chairman and Managing Director, Emami said, “In this dynamic and challenging environment, our results exemplify our dedication to growth and innovation, marked by a good increase in both volumes and revenues. Strong performance by both Modern Trade and e-commerce has led to a decent revenue growth of 6% and an impressive constant currency growth of 16% in our international business during this quarter. Our recent expansion into the juice category, marked by a strategic 26% investment in Axiom Ayurveda (AloFrut), aligns with our vision to diversify into high growth segment where we are currently not present. These strategic entries in diverse categories act as a launch pad for future growth of the Company.”

Mohan Goenka, Vice Chairman and Whole-Time Director, Emami said, "I'm delighted to announce our Company's positive performance in Q2FY24. Despite macroeconomic challenges, we achieved a 6% revenue growth. Notably, our gross margins expanded by 350 basis points, showcasing our operational excellence. EBIDTA soared by 20%, with margins expanding by 300 basis points, underscoring our dedication to value and quality. These achievements affirm our commitment to delivering value and quality to our consumers, partners and stakeholders. With the Government's support creating favorable conditions in rural markets, we're poised for a strong second half, amplifying our market presence.”

Result PDF

Personal products company Emami announced Q1FY24 results:

  • Consolidated revenues at Rs 826 crore grew by 7%
    • Domestic business grew by 7%
    • International business grew by 8% (Constant currency growth of 11%)
  • Gross margins at 65.4% improved by 240 bps
  • EBIDTA at Rs 190 crore grew by 10%
    • EBIDTA margins improved by 60 bps
  • Profit after tax at Rs 138 crore grew by 87%
    • PAT margins improved by 720 bps
  • Completed buyback of shares amounting to Rs 185.3 crore (excl. brokerage, taxes & levies).

Harsha V Agarwal, Vice-Chairman and Managing Director, Emami said, “We are happy to report a 7% growth in domestic business despite challenging operating environment. While erratic summer & unseasonal rains impacted summer product offtakes, our non-summer portfolio grew strongly by 16%. International business also continued its growth trajectory with 11% constant currency growth. With inflation moderating further, we look to the future with increased optimism and confidence. With the development of the digital eco-system, both e-commerce and D2C will play a key role in the organization’s growth and we will continue to invest in strengthening our presence in an omnichannel presence to reach our consumers.”

Mohan Goenka, Vice Chairman and Whole-Time Director, Emami said, “The quarter witnessed strong performance by our Pain Management, BoroPlus, and Healthcare range which grew in double digits, with Dermicool posting a high single-digit growth. Backed by our resilient and competitive performance and aided by softening of input cost, we could deliver a healthy expansion of gross margin and EBIDTA and a robust profit growth of 87%. All our channels, especially Modern Trade eCommerce continued to perform well and contributed 9.7% each to domestic business, a growth of 45% and 47% respectively over the previous year. We endeavor to strengthen our core and continue to invest in growth drivers to deliver healthy profitability this year.”

 

Result PDF

Personal products firm Emami announced Q3FY23 results:

  • Consolidated  Q3FY23:
    • Net sales at Rs 975 crore grew by 2%; 3-year CAGR of 7%.
      • Revenue from operations at Rs 983 crore grew by 1%; 3-year CAGR of 7%.
    • PAT at Rs 237 crore grew by 8%; 3-year CAGR of 16%.
    • EBIDTA at Rs 294 crore contracted by 14% due to inflationary input costs, the inclusion of new subsidiary costs, and strategic outlay on distribution expansion in rural, digital and modern trade channels; However, a 3-year CAGR of 4%.
    • The Board of Directors declared the 2nd Interim Dividend at 400% i.e. Rs 4 per equity share.

Mr Harsha V Agarwal, Vice Chairman and Managing Director, Emami Limited said: “The environment has been challenging due to high inflation, consumption slowdown, poor rural growth and a warmer winter. In the given circumstances, we have delivered satisfactory performance with a 7% revenue growth on a 3 year CAGR basis in Q3FY23. We continue to invest strongly behind our power brands, innovations, channel expansions and distribution optimizations. We believe that these sustained efforts will help us achieve sustainable and profitable growth”

Mr Mohan Goenka, Vice Chairman and Whole-Time Director, Emami Limited said: “Notwithstanding the muted consumption patterns, our focus on innovation remains strong. Our new launches and digital-first NPD’s have contributed 4% to our Domestic net sales during the quarter and new age channels viz. Modern trade, eCommerce and D2C continue to grow in excess of 20%. Our International business also reported 7% quarterly growth despite tough market challenges in Bangladesh, Nepal and Sri Lanka.”

 

Result PDF

Trending News

Midhani has secured an order of Rs. 121.75 crore

Midhani has secured an order of Rs. 121.75 crore

Published on 19-Dec-2025 09:02

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Published on 19-Dec-2025 09:01

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

Published on 19-Dec-2025 09:00

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

Published on 18-Dec-2025 09:07

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Published on 18-Dec-2025 09:06

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

Published on 18-Dec-2025 09:05

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status