Emami reported a 4% decline in consolidated revenue from operations for Q4FY26 at Rs 925 crore, as unfavourable seasonal conditions impacted its summer portfolio and geopolitical disruptions in West Asia weighed on international operations.
The company, however, said its core business fundamentals remained resilient, adding that the challenges were temporary in nature and not structural concerns. Excluding the summer portfolio, Emami’s domestic business recorded 11% growth during the quarter, driven by healthy performance across key brands and categories.
Emami said its omnichannel strategy continued to show momentum, with organised channels contributing approximately 32% of the domestic business during the quarter, supported by healthy trade pipelines and strong distribution reach.
The company’s international business declined by 5% in Q4FY26, primarily due to disruptions linked to the West Asia conflict, including shipping route challenges through the Strait of Hormuz, supply chain disruptions and higher freight costs. Emami said it expects gradual normalisation as geopolitical conditions stabilise.
Despite input cost pressures, the company expanded gross margins by 250 basis points to 68.4% during the quarter through cost management initiatives, calibrated pricing actions and operational efficiencies. EBITDA stood at Rs 187 crore, while advertising and promotional spends increased by 12% as the company continued investing in brands and growth initiatives. Profit after tax for the quarter came in at Rs 143 crore.
For the full year FY26, Emami reported revenues of Rs 3780 crore, while gross margins expanded by 130 basis points to 69.9%. EBITDA stood at Rs 964 crore and PAT at Rs 775 crore. The company said it navigated multiple external disruptions during the year, including seasonal volatility, GST 2.0 implementation and geopolitical uncertainties, while continuing to strengthen its core portfolio.
During the year, Emami also accelerated its expansion into new-age FMCG segments. The company increased its stake in Axiom Ayurveda, making it a subsidiary effective April 1, 2026, marking its entry into the healthy beverage category through the AloFrut brand.
Additionally, Emami announced the acquisition of a majority stake in IncNut, the parent company of digital-first beauty and personal care brands Vedix and SkinKraft, strengthening its presence in the personalised beauty segment across domestic and international markets.
The company added that its board declared interim dividends aggregating to Rs 10 per share during FY26, resulting in a total payout of Rs 436.5 crore, representing 51% of adjusted profits. Emami also said it remains debt-free and well-positioned to support future growth priorities.
Harsha V Agarwal, Vice Chairman and Managing Director, Emami 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.”
He also said, “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.
“We remain firmly focused on long-term growth through continued investments behind its core brands and strategic expansion into high-growth new-age FMCG segments. In the current financial year, we are strengthening our future growth portfolio through investments in Axiom Ayurveda and IncNut Digital, aligned with evolving consumer preferences and emerging market opportunities,” he added.
Mohan Goenka, Vice Chairman and Whole-Time Director, Emami 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.
We are encouraged by the early trends in Q1FY27, particularly across the summer portfolio, supported by expanded distribution, focused media investments and stronger trade activation. We remain confident in the strength of our brands and our ability to deliver sustained profitable growth.”
