The Board of Directors of Emami Limited met on May 2024 to consider the audited financial results of the company for the fourth quarter and financial year ended 31st March 2024.
The Company demonstrated resilience and achieved volume led profit growth in the fourth
quarter. While consolidated Net sales at ₹ 881 crore, grew by 8%, Revenue from Operations at ₹ 891 cr grew by 7% over previous year.

Domestic Business grew by 8% with a healthy volume growth of 6.4%. Major brands like
BoroPlus, Pain Management range, Healthcare range, 7 Oils in One, The Man Company and
Brillare performed strongly during the quarter. However, extended winters led Navratna and
Dermicool to post low single digit growth.

During the quarter, the Company launched Nature F1rst healthy radiance range under the Fair and Handsome brand. Enriched with Green Tea and Olives, the range consists of a cream and facewash to provide a healthy & radiant look. The Company also introduced four digital first launches under the Zanducare D2C portal.

Despite geopolitical crisis and currency depreciations in key geographies, International Business grew by 9% in constant currency and 8% in INR terms driven primarily by the MENA region. The Company’s International Business further strengthened its portfolio by introducing a range of shampoo’s & conditioners under the 7 Oils in One brand and a Baby care range under the Creme21 brand. The NPD’s were launched in select key markets and will be gradually extended to other markets as well in coming quarters.

Overall the Company launched more than 50 products and variants in the Domestic and
International market in FY24 with majority being Digital first products.In Q4FY24, Gross margins at 65.8% expanded by 270 basis points. EBIDTA at ₹211 crore grew by 6%, despite strong investments behind brands which led to a 39% surge in A&P spends.
Profits after tax at ₹149 crore also grew by 3%. The Company posted revenues of ₹3,578 cr in FY24, with a growth of 5%, accompanied by an expansion of gross margins by 290 basis points at 67.6%. EBIDTA at ₹950 cr grew by 10%, with margins expanding to 26.5%, an increase of 120 basis points. Notably, profit after tax at ₹724 crores also saw an impressive growth of 13%.

Mr 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.

Mr 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.