Emami Reports Q4FY26 Results; Core Domestic Portfolio Remains Resilient Amid External Headwinds
The Board of Directors of Emami Limited met on consider the audited financial results of the Company for the fourth quarter and year ended FY26. The quarter was impacted by unfavourable seasonal conditions affecting the summer portfolio, along with geopolitical disruptions in West Asia. Despite these temporary external headwinds, the Company’s underlying business fundamentals remained resilient and well-positioned for long-term growth.
On a consolidated basis, Revenue from Operations declined by 4% to ₹925 crore during Q4FY26. Excluding the summer portfolio, the domestic business delivered strong growth of 11%, led by healthy performance across key brands and categories, demonstrating the strength of the underlying business and reaffirming that the impact on overall performance was primarily due to temporary seasonal disruptions during the quarter. The Company’s omnichannel strategy continued to deliver encouraging results, with trade pipelines remaining healthy throughout the quarter. Organised channels further increased their salience to approximately 32% of the domestic business, reinforcing the strength of Emami’s distribution network and market reach. The International Business declined by 5% during the quarter, primarily on account of the West Asia conflict which impacted shipping routes through the Strait of Hormuz, disrupted supply chains and increased freight costs. The Company remains committed to its international markets and expects a gradual normalization as the geopolitical situation stabilises.
Despite input cost pressures during the quarter, the Company improved its Gross Margins to 68.4%, an expansion of 250 basis points, reflecting disciplined cost management, calibrated pricing actions and operational efficiencies. EBITDA for the quarter stood at ₹187 crore, while the Company continued to invest behind its brands and growth initiatives, with advertising and promotional spends increasing by 12%. Profit after Tax for the quarter stood at ₹143 crore. For FY26, revenues stood at ₹3780 crore. Gross Margins expanded by 130 basis points to 69.9%. EBITDA stood at ₹964 crore and PAT at ₹775 crore. During the year, the business navigated multiple external disruptions including seasonal volatility, GST 2.0 implementation and geopolitical headwinds, while continuing to strengthen its core brands and competitive positioning. With a strong long-term vision, the Company continues to invest in its existing brands to fuel sustainable growth while simultaneously making strategic investments in emerging new-age FMCG segments.
Mr Harsha V Agarwal, Vice Chairman and Managing Director, Emami Limited said: “Q4FY26 was impacted by temporary external headwinds, including unfavourable seasonal conditions affecting the summer portfolio and geopolitical disruptions in West Asia, which weighed on overall business performance during the quarter. Despite these challenges, the resilience of our core domestic business remained evident, with the non-summer portfolio delivering healthy 11% growth. Our international business also maintained strong momentum through most of the quarter before geopolitical developments in West Asia impacted operations in March. While these factors affected near-term performance, we believe they represent a passing phase rather than a structural concern, and we expect business momentum to improve from next quarter itself.
Mr Mohan Goenka, Vice Chairman and Whole-Time Director, Emami Limited said: “The quarter tested the resilience of our operating model, and the business responded with disciplined execution. Despite a muted demand environment, we delivered a gross margin expansion of 250 basis points through strong cost management and operational efficiencies, while increasing investments behind our brands by 12% to support future growth.
