Emami Ltd. Results

Q2FY25 Quarterly Result Announced for Emami Ltd.

Personal Products company Emami announced Q2FY25 results Revenue from Operations at Rs 891 crore grew by 3%. Domestic Business grew by 2.6%. International Business grew by 6%; 12% growth excl. Bangladesh. Gross Margins at 70.7% improved by 60 bps. EBIDTA at Rs 250 crore grew by 7% of EBIDTA margins improved by 110 basis points to 28.1%. PBT at Rs 220 crore grew by 13%. PAT at Rs 213 crore grew by 19%. Increased stake in Helios Lifestyle (The Man Company) from 50.4% to 98.3%. The Board of Directors declared an interim dividend of 400%, amounting to Rs 4 per share for FY25. Harsha V Agarwal, Vice Chairman and Managing Director, Emami, said: We are pleased to close the first half of the year with strong performance, achieving 6% revenue growth, 10% EBITDA growth, and a 16% profit increase despite macroeconomic challenges. For H2FY25, we expect stronger offtakes driven by improved urban demand and stable seasons ahead. Our international business demonstrated resilience despite geopolitical challenges, delivering double-digit growth, excluding Bangladesh. Besides good performance of our existing brands, strategic investments and the recent launch of 11 new domestic products are set to boost consumer confidence and drive double-digit revenue growth in the second half.” Mohan Goenka, Vice Chairman and Whole-Time Director, Emami, said: “Organized channels like Modern Trade, e-Commerce, and Institutional sales now contribute 26.6% to our domestic business, a 190-basis point increase in the first half. We remain committed to achieving high single-digit revenue growth and double-digit EBITDA growth for FY25. The Q3 relaunch of Fair and Handsome and focused efforts on Kesh King strengthen our confidence in driving H2 growth. With a favourable winter forecast, we expect strong performance from our winter portfolio."

Q1FY25 Quarterly Result Announced for Emami Ltd.

Personal Products company Emami announced Q1FY25 results: Revenue from Operations at Rs 906 crore grew by 10% Domestic Business grew by 10% with a volume growth of 8.7% International Business grew by 11% growth in Constant currency Gross Margins at 67.7% improved by 230 bps EBIDTA at Rs 216 crore grew by 14% despite 21% higher investments in A&P; EBIDTA margins improved by 90 basis points to 23.9% PBT at Rs 178 crore grew by 19% PAT at Rs 153 crore grew by 11% Harsha V Agarwal, Vice Chairman and Managing Director, Emami Limited said: “I am very happy to announce a strong and profitable growth this quarter, highlighted by robust domestic volume growth of 8.7%, a befitting start to the new financial year as we celebrate our 50th Anniversary. Our summer portfolio performed exceptionally well, led by the stellar performances of our power brands, Navratna and Dermicool. Modern trade, eCommerce, and institutional channels continued to post strong growth in the Domestic business and our International Business also witnessed impressive growth of 11% in constant currency driven by the MENA and SAARC regions. As we move forward, we remain committed to delivering sustainable and profitable volume-led growth.” Mohan Goenka, Vice Chairman and Whole-Time Director, Emami Limited said: "I am delighted to share that while our sales grew in double digits, our profits grew even faster with a 14% growth in EBITDA, despite 21% higher investments behind our brands. Our EBITDA margins also improved by 90 basis points. We continue to focus on our strategy to improve our distribution, invest aggressively in our key brands, and drive market share growth across our portfolio. With the forecast of a normal monsoon and the government's continued focus on macro-economic growth, we expect growth to accelerate in the coming months."

Q4FY24 Quarterly Result Announced for Emami Ltd.

Personal Products company Emami announced Q4FY24 results: Consolidated Net Sales at Rs 881 crore grew by 8% Revenue from Operations at Rs 891 crore grew by 7% Domestic Business grew by 8% (Volume growth of 6.4%) International Business grew by 8% (Constant currency growth of 9%) Gross Margins at 65.8% improved by 270 bps EBIDTA at Rs 211 crore grew by 6% despite 39% higher investments in A&P; PAT at Rs 149 crore grew by 3% Harsha V Agarwal, Vice Chairman and Managing Director, Emami Limited said: “We are very happy to have delivered a growth of 8% in our consolidated net sales, led by a domestic volume growth of 6.4% in the fourth quarter, driven by most of our key brands. Despite facing geo-political challenges, our international business continued to perform well and achieved a commendable 9% growth in constant currency terms. We expect our core brands to deliver a healthy all-round growth going forward, aided by recovery in rural, a strong summer and forecast of a good monsoon. Our strategic investments in innovative start-ups are expected to continue their robust growth and improve their profitability.” Mohan Goenka, Vice Chairman and Whole-Time Director, Emami Limited said: “We are pleased to have closed the fourth quarter with a 6% growth in EBIDTA despite 39% higher investment in marketing promotions. It is encouraging to witness signs of market recovery with rural gradually bouncing back. Our contribution from organised channels has increased to 26% of our domestic business from 22% in FY23. Our enhanced investment in A&P; to strengthen brand visibility and strategic distribution initiatives likes Project Khoj and other digital interventions are expected to provide impetus to our sales going forward. Our outlook is positive for the near and mid-term and we aim to deliver healthy growth supported by favourable operating environment.”

Q3FY24 Quarterly & 9MFY24 Result Announced for Emami Ltd.

Personal Products company Emami announced Q3FY24 & 9MFY24 results: Financial Performance: - Consolidated Revenues: Q3FY24 at Rs 996 crore with a 1% growth, and 9MFY24 at Rs 2,686.8 crore with a 5% growth. - EBIDTA: Q3FY24 at Rs 315 crore, up by 7%, and 9MFY24 at Rs 738.5 crore, up by 11%. - PAT (Profit After Tax): Q3FY24 at Rs 258 crore, increased by 9%, and 9MFY24 at Rs 577.4 crore, increasing by 16%. Business Segments: - Domestic Business: Reported flat growth for Q3; non-winter products grew by 5%. - International Business: Registered an 8% growth in Rs and a constant currency growth of 11% on a Q3FY24 basis, dominant in the MENAP region. Margins: - Gross Margin: Improved by 290 basis points to 68.8% in Q3FY24. - EBIDTA Margin: Increased by 170 basis points in Q3FY24. - PAT Margin: Improved by 180 basis points in Q3FY24. Dividends: - Declared an interim dividend of 400%, which amounts to Rs 4/- per share. Harsha V Agarwal, Vice Chairman and Managing Director: "I am happy that we could deliver another quarter of resilient performance along with substantially improved profitability with a 7% growth in EBIDTA and 9% growth in Profit after Tax, despite subdued demand in Q3. Disrupted winter, weak rural demand, and continued inflationary woes impacted the winter and discretionary offtakes. We remain committed to delivering volume-led profitable growth going forward aided by accelerated scale-up of emerging channels, distribution initiatives, ongoing brand and strategic investments coupled with the launch of innovative products." Mohan Goenka, Vice Chairman and Whole-Time Director: "We showcased our adaptability in the face of changing market dynamics to post a resilient revenue growth despite a delayed winter. Our International business posted an impressive 11% constant currency growth led by the MENAP region. Our commitment to innovation remains unwavering, marked by the launch of various new innovative products both in domestic and international markets, underscoring our dedication to driving future growth and delivering value to our stakeholders."