Emami (531162) Q3 25/26 earnings summary

Executive summary

• Achieved strong, broad-based performance in Q3 FY26, with consolidated net sales up 11% year-over-year to INR 1,152 crore and sequential improvement after Q2 disruptions.

• Profit after tax increased 15% to INR 319 crore, with EBITDA margin expanding by 110 bps to 33.4%.

• Strategic subsidiaries The Man Company and Brillare delivered 31% growth.

• Interim dividend of INR 6/share (600%) declared, with total nine-month dividend at INR 10/share.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and released.

Financial highlights

• Consolidated net sales for Q3 FY26 reached INR 1,152 crore, up from INR 1,035.9 crore in Q3 FY25.

• EBITDA for Q3 FY26 was INR 384 crore (33.4% margin), up 13% year-over-year.

• Profit after tax for Q3 FY26 stood at INR 319 crore, a 15% increase year-over-year.

• Basic and diluted EPS (consolidated) for Q3 FY26 was Rs. 7.32, up from Rs. 6.39 in Q3 FY25.

• Second interim dividend of INR 6/share declared; total nine-month dividend at INR 10/share.

Outlook and guidance

• Optimistic about Q4 and beyond, with better consumption momentum and focus on core brands and new-age opportunities.

• Targeting double-digit growth for most brands, with rural and new user additions as key drivers.

• Continued focus on innovation, new product launches, and enhanced digital initiatives.

• Management continues to monitor the impact of new labor codes and will adjust accounting as further government clarifications are issued.