THEBUSINESSBYTES BUREAU

KOLKATA, FEBRUARY 4, 2026

FMCG major Emami Limited has reported a strong financial performance for the third quarter of FY26, posting double-digit growth across key financial metrics, driven by healthy volume expansion, robust domestic demand, and improved operational efficiencies. The company also rewarded shareholders by announcing a second interim dividend of 600 percent, translating to ₹6 per share for FY26.

The Board of Directors of Emami Limited, which met on Wednesday, approved the unaudited financial results for the quarter and nine months ended FY26, highlighting a broad-based improvement in performance following early disruptions caused by the GST 2.0 transition. A favourable winter season significantly boosted demand for the company’s winter portfolio and health supplements, while rural consumption remained resilient, supported by stable agricultural income and favourable government initiatives. Urban demand also showed gradual recovery, aided by easing inflationary pressures and stable employment conditions.

On a consolidated basis, Emami recorded net sales of ₹1,147 crore during Q3FY26, registering an 11 percent growth. Revenue from operations stood at ₹1,152 crore, marking a year-on-year increase of 10 percent. The domestic business continued to drive growth, expanding by 11 percent on the back of strong volume growth of 9 percent, with major brands delivering healthy performance. The international business also demonstrated steady momentum, growing by 9 percent, primarily led by strong performance in SAARC and CIS markets.

The company’s focus on innovation and premiumization further strengthened its market positioning during the quarter. Emami introduced several new products aligned with evolving consumer preferences, including Kesh King Gold Advanced Hair Growth Serum and BoroPlus Deeply Moisturising Lip Balm. Under the Zanducare portfolio, the company launched Zandu Apple Cider Vinegar Effervescent Tablets and Zandu Good Gut Constipation Relief Tablets, addressing the rising consumer inclination toward wellness products. Emami also expanded its BoroPlus range with multiple new lotion and soft cream variants. The Man Company strengthened its premium male grooming segment with launches such as Vitamin C and Anti-Acne Facewash, Moisturizing Gel Cream, Anti-Dandruff Shampoo, and new fragrance ranges. Additionally, Brillare’s Rosemary Oil Shots gained strong traction in the market.

Emami’s omnichannel distribution strategy continued to deliver encouraging results, with consistent growth across general trade, modern trade, and e-commerce platforms. Organized channels accounted for nearly 32 percent of year-to-date revenues, reflecting an improvement of 280 basis points compared to the previous year. Quick commerce also emerged as a significant growth driver, doubling sales and contributing 20 percent to the company’s e-commerce business.

From a profitability standpoint, Emami reported strong margin expansion supported by effective cost discipline and stable input costs. Gross margins improved by 30 basis points to 70.6 percent. EBITDA rose by 13 percent to ₹384 crore, while EBITDA margins expanded by 110 basis points to 33.4 percent. Profit Before Tax before exceptional items grew by 18 percent to ₹355 crore, and Profit After Tax rose by 15 percent to ₹319 crore during the quarter.

With the declaration of the second interim dividend of ₹6 per share, the total dividend payout for the nine months ended FY26 now stands at ₹10 per share, reinforcing the company’s confidence in its sustained performance and commitment to delivering value to shareholders.

Commenting on the performance, Harsha V. Agarwal, Vice Chairman and Managing Director of Emami Limited, said, “Q3FY26 delivered strong, broad-based performance, with sales growth of 11 percent driven by healthy volume expansion of 9 percent. Our strategic priorities around purposeful innovation, premiumization, and portfolio expansion continue to translate into tangible outcomes, while operational excellence and disciplined cost management have enabled EBITDA margin expansion to 33.4 percent.”

Mohan Goenka, Vice Chairman and Whole-Time Director of Emami Limited, added that despite temporary GST transition-related disruptions, the company delivered robust sales growth supported by strong brand equity and a resilient operating model. He emphasized that rapid expansion in quick commerce and organized trade channels, along with steady international business growth, positions the company well to sustain profitable and scalable growth in the coming quarters.