Emami Limited — Investor Meet, 14-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Emami reported Q2 FY26 consolidated revenue at INR 799 Cr (-10%), with domestic business down 15% and volume declining 16%. EBITDA fell 29% to INR 179 Cr, and PAT declined 30% to INR 148 Cr. Gross margins remained stable at 71%. Management attributed Q2 weakness to GST rate changes disrupting trade and heavy rains impacting summer products. However, October showed a healthy rebound, and management is optimistic for strong H2 growth, projecting high single to double-digit growth in Q3. Key initiatives include Kesh King Gold (Ayurveda + science) relaunch and Smart & Handsome expansion. International business grew 8%, led by SAARC (+22%). The outlook is confident for recovery and improved performance.