Emami Reports 9% Profit Growth in Q1 Amid Challenging Market Conditions
Emami Limited announced Q1 financial results with a 9% year-on-year growth in Profit After Tax (PAT) to ₹164.00 crore, despite flat Revenue from Operations at ₹904.00 crore. Gross Margins expanded by 170 basis points to 69.40%. The core domestic business grew 6%, while International Business saw 2% growth. Pain Management Range, BoroPlus Antiseptic Creams, and Navratna Cool Oils performed well. The company launched new products including Dermicool Prickly Heat Spray and Navratna Ayurvedic Hairfall Control Oil. Management remains optimistic about future growth, citing potential improvements in monsoon conditions, easing inflation, and possible interest rate reductions.

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Emami Limited , a leading Indian FMCG company, has announced its financial results for the first quarter, demonstrating resilience in the face of challenging market conditions. The company reported a 9% year-on-year growth in Profit After Tax (PAT) despite a flat topline performance.
Financial Highlights
- Revenue from Operations remained stable at ₹904.00 crore
- Profit After Tax (PAT) grew by 9% to ₹164.00 crore
- Gross Margins expanded by 170 basis points to 69.40%
- EBITDA stood at ₹214.00 crore
Business Performance
The quarter witnessed persistent pressure on urban discretionary consumption, while rural demand showed signs of recovery. However, an unusually soft and shortened summer, caused by unseasonal rainfall and the early arrival of the monsoon, negatively impacted consumption across the company's summer-centric portfolio.
Despite these macro headwinds, Emami maintained a stable topline performance. Key highlights include:
- Core domestic business (excluding Talc/PHP) posted 6% revenue growth
- International Business delivered modest growth of 2%
- Talc/Prickly Heat Powder (PHP) category declined 17% YoY due to adverse weather conditions, but remains strong on a 2-year CAGR of 13%
Segment Performance
- Pain Management Range and BoroPlus Antiseptic Creams delivered strong growth
- Navratna Cool Oils grew by 6%
- BoroPlus Antiseptic Creams saw a significant growth of 60%
- Zandu & Mentho Plus Balms increased by 16%
Innovation and New Launches
Emami continued to focus on innovation as a key growth lever. New product launches during the quarter included:
- Dermicool Prickly Heat Spray
- Navratna Ayurvedic Hairfall Control Oil
- Navratna Cool Talc – Fresh Floral
- BoroPlus Icy Citrus Blast Prickly Heat Powder
The company also introduced several products exclusively through its Zanducare platform, including Zandu Shilajit Cool Rush Capsules & Resin, Zandu Kansa Wand Ayurvedic Massager, and Zandu Chia & Flax Seeds.
Management Commentary
Mr. Harsha V Agarwal, Vice Chairman and Managing Director of Emami Limited, commented on the results: "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%. Looking ahead, we are optimistic about growth in the coming months, driven by strong monsoon conditions, easing inflation, and potential interest rate reductions."
Mr. Mohan Goenka, Vice Chairman and Whole-Time Director, added: "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."
Future Outlook
Emami expects the macro environment to gradually improve, supported by a buoyant monsoon, stabilizing inflation, and ongoing consumption recovery. The company remains committed to driving sustained, profitable growth through strategic levers of innovation, distribution expansion, digital acceleration, and cost agility.
As Emami continues to navigate through market challenges, its focus on core brands, innovation, and operational efficiency positions it well for future growth in the competitive FMCG landscape.
Historical Stock Returns for Emami
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+3.10% | +7.67% | +9.52% | -1.04% | -24.85% | +156.86% |